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Source: Texans pick up Schaub option

Updated: February 3, 2010, 5:57 PM ET
By Adam Schefter | ESPN

The Houston Texans will pick up the $10 million option bonus payment in the contract of Pro Bowl MVP quarterback Matt Schaub, according to a league source.

The option will be picked up as early as Thursday and no later than Friday. Once the Texans officially notify Schaub of this with a letter, the quarterback will be obligated to Houston for the next three seasons at roughly $28 million.

The move comes in the same week they extended head coach Gary Kubiak's contract through ...

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