Breaking: Matt Schaub, Tim Jamison Get Contract Extensions

Sept 9, 2012; Houston, TX, USA; Houston Texans quarterback Matt Schaub (8) passes against the Miami Dolphins during the first half at Reliant Stadium. Mandatory Credit: Thomas Campbell-US PRESSWIRE

At least according to People Who Know Things on the Twitter machine. First reported by Mark Berman, Schaub's extension is apparently for 4 years worth $62 million, with $24.750 guaranteed. This will keep him under contract through the 2016 season, when he'll be 35 years old with the hairline of someone twice that age.

Update: (via Berman, h/t to Big T33) Texans converted portion of Johnathan Joseph’s salary into signing bonus to help clear $4 million in cap space to sign Matt Schaub.

No details available on Tim Jamison's extension as of this writing, but we'll update as information comes available.

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