Falcons quarterback Matt Schaub agreed to a two-year deal with the team Saturday.
The deal is worth $3.78 million, and he’s set to receive a $750,000 signing bonus, according to a tweet from a ESPN reporter. The new contract has not been posted by the NFLPA and may not be signed yet, given that the team is salary cap-strapped after placing the franchise tag on defensive tackle Grady Jarrett on Monday.
Schaub was scheduled to become an unrestricted free agent next week, but he said in December that he preferred to remain with the Falcons.
“I love the game, still think I can do it, so I would love to keep playing,” Schaub said in the week leading to the Falcons’ season finale at Tampa Bay. “I love this organization, and I would love to see if they want me back here,” he said. “We’ll see what happens when the season is over, assess the situation and think about it, talk with my wife and see where things go.”
The Falcons drafted Schaub in the third round out of Virginia in 2004, and after he played sparingly for three seasons outside of holding the football for placekicks, the team traded him to Houston Texans in 2007 for second-round draft picks in ’07 and ’08.
In those three seasons, he played in 38 games, including two starts, completing 84 of 161 passes for 1,033 yards and six touchdowns.
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