It’s official! The Houston Texans will draft Reggie Bush and not home town hero Vince Young. League sources confirmed late Thursday that the Houston Texans have exercised a "buy back" clause in quarterback David Carr's contract, paying him an $8 million bonus to secure his services for three more seasons.
Some fans have urged the Texans to choose Young, a Houston native. But Chris Mortensen of ESPN reported weeks ago that Houston officials are locked in on Bush, the 2005 Heisman Trophy winner and this move all but confirms it.
Under the terms of the complicated seven-year, $46.75 million contract Carr signed as a rookie, the final three seasons of the deal were voidable. Early in his career, Carr reached sufficient performance levels to cancel those three years, and technically, his contract would have expired on March 3, the first day of free agency.
But the Texans had the right to "buy back" the voidable years and had two options for doing so. The first would have involved paying Carr a bonus of $5.5 million to buy back two seasons, at base salaries of $5 million for 2006 and $5.25 million for 2007. The second, the deal for which Houston opted, included the $8 million bonus, which bought back three seasons, at base salaries of $5.25 million each in 2006 and 2007 and of $6 million in 2008.
Where do you think Young lands? I say New Orleans.
Friday, February 10, 2006
Posted by dolphinfan at 9:47 AM