Browns Sign QB Josh McCown To A Three-Year, $14M Deal With $6.25M Guaranteed

Update:

Mary Kay Cabot reports that Josh McCown‘s new contract with the Browns is a three-year contract worth $14 million and can increase in total value to as much as $20 million.

According to Cabot, McCown will receive $6.25 million fully guaranteed and $5.25 million fully guaranteed in the first year of the agreement.

Jason La Canfora points out that McCown ends up with same salary that he would have received from the Buccaneers in 2015, except now it’s now fully guaranteed. On top of that, McCown walks away with an additional $1 million in guarantees.

As for the incentives in his contract, La Canfora mentions that McCown can earn an additional $2 million per year if the Browns make the playoffs and he reaches play-time bonuses.

The closest contract in comparison to this agreement is the two-year, $10,5 million deal Matt Cassel signed with the Vikings last year. Cassel received $5.65 million guaranteed, and an annual salary of $5.25 million

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The Cleveland Browns have already announced the agreement with Josh McCown.

NEWS: Browns agree to terms with QB Josh McCown pic.twitter.com/7BReYJ2Teu

— Cleveland Browns (@Browns) February 27, 2015

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Mike McCartney, agent for veteran QB Josh McCown, announced via his Twitter account Friday that his client has reached an agreement with the Browns.

Excited for Josh McCown agreeing to terms with the Cleveland Browns @JoshMcCown12 @Browns

— Mike McCartney (@MikeMcCartney7) February 27, 2015

Mike Garafolo of FOX Sports reports that McCown’s agreement with the Browns is a three-year contract.

Albert Breer points out that McCown’s three-year deal matches up with Johnny Manziel‘s rookie contract.

The Bills were reportedly in the mix for McCown as well, but it appears as though the Browns made a more much serious commitment to him.

The real question now is what this means for Brian Hoyer, Johnny Manziel and their plans for the draft. It seems likely that this closes the door on Hoyer being back in 2015.

McCown, 35, signed a two-year, $10 million contract with the Buccaneers back March of last year before he was released in February.

In 2014, McCown threw for 2,206 yards while completing 56.3 percent of his passes to go along with 11 touchdowns and 14 interceptions. Pro Football Focus has him rated as the No. 34 quarterback out of 39 qualifying players.