Report: Colt McCoy signs extension with Redskins

Brian Tinsman
July 26, 2018 - 11:22 pm
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The devil is in the details, but at least on paper, Colt McCoy reportedly signed a contract extension that will keep him with the Washington Redskins through next season.

NFL insider Ian Rapoport broke the story a little after action ended at Redskins Training Camp on Thursday:

In a follow-up tweet, Rapoport explained: "This extension can become no extension at all if it makes sense for McCoy. If he does hit the void criteria, depending on other factors, the Skins can buyback for 6 different amounts based on playing time percentage and performance."

In other words, this is likely a good deal for both sides. McCoy has been Jay Gruden's favorite insurance policy since he took over the team in 2014, and has backed up Robert Griffin III, Kirk Cousins and now Alex Smith. He clearly has a good rapport with Gruden and has put up good numbers in his offense in limited opportunities, completing 98 of 139 attempts, across eight games in four seasons with the team. 

This deal likely includes threshold numbers at which McCoy could opt out of the contract. He would only do that if he played enough in place of Smith to believe that he could get a starting job (or at least a better offer) elsewhere. That would only happen if things went terribly wrong.

And if McCoy doesn't hit those numbers, as he currently not expected to, then the Redskins get to keep the backup quarterback that they trust in the system. That's about as close to a win-win as you will find in the world of professional sports contracts.

More details on the deal when they become available:

 

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