Texans QB Schaub earns $10 million bonus

A few days after leading the AFC team to a Pro Bowl victory over the NFC team, the Houston Texans quarterback Matt Schaub is glad to know that his team will pay him a $10 million option bonus this week as they agreed when signing him two years ago.

Schaub initially signed a six-year, $48 million contract with the Texans in March 2007. The deal also included an option bonus payment of $10 million due no later than five days after Super Bowl XLIV, which will be played this Sunday in Miami between the New Orleans Saints and Indianapolis Colts. As Schaub led the league in passing yards with a franchise-best 4,770 in 2009 season and also managed to lead the Texans to first winning record of 9-7 in franchise history, Texans owner Bob McNair told reporters that his team planned to pick up the option in Schaub's contract not long after the season ended.

Although the Texans could wait until next week to pay Schaub the bonus, they have decided to pick up the option as early as Thursday or no later than Friday. And upon receiving the team’s official notifying letter, Schaub will have to keep his promise of playing in Texans jersey for the next three seasons to early about $28 million.