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The big news in the NFL is that the Falcons have traded backup quarterback Matt Schaub to the Texans. In return, the Falcons got to swap their own 10th overall pick for the Texans' eighth overall pick, and they also got the Texans' second-round picks this year and next year. Doing some back-of-the-envelope calculations and using the chart that NFL teams rely on when determining the value of draft picks, I've come to the conclusion that those picks mean the Texans have given up the equivalent of a mid-first-round pick (about the value of the 19th pick overall) for Schaub.
So here's the question: What makes the Texans think Schaub is worth that much? As my colleague Tom Mantzouranis noted yesterday, Schaub has started only two games in his career, going 81-for-161 with six touchdowns and six interceptions. There's no guarantee that he'll be a competent quarterback when he gets the starting job, let alone a star.
That's why the contract the Texans and Schaub have agreed to is so interesting. The Atlanta Journal-Constitution reports that it's a six-year, $48 million contract with $7 million guaranteed. That's really not a lot of guaranteed money for a starting quarterback contract, especially a six-year contract for a 25-year-old starting quarterback. That means the Texans and Schaub both understands that if things work out, he'll be rewarded handsomely, but if things don't work out, he won't have cost the Texans anywhere near as much as David Carr did.
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