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Schaub's new deal will also include $24.75 million in guaranteed money.
The new deal comes right after Schaub lead the Texans to a 30-10 victory over the Miami Dolphins in Week 1 on Sunday. He was 20-of-31 for 266 yards with a touchdown for the game.
"I'm very excited to continue to make Houston our home," Schaub said. "My wife and I are raising our kids here, so we're very excited to be a part of this community. Just excited for this opportunity."
The 30-year-old was originally acquired by the Texans in a trade from the Atlanta Falcons back in 2007. Schaub has gone through some injury problems during some of his seasons in Houston, but when he's healthy, he has been able to help Houston look like a Super Bowl caliber squad.
Schaub came close last season when the Texans made the playoffs, but was eventually injured towards the end of the regular season. Backup quarterback T.J. Yates did all he could to help Houston, but it wasn't enough. Houston needs Schaub.
Schaub makes it count when he is healthy, like he did back in 2009 when he led the NFL with 4,770 passing yards, making his first trip to the Pro Bowl. He can do the same this season, connecting with his favorite target in Andre Johnson.
It's a good move by Houston. For their team, the sky's the limit. Their future rests on Schaub's shoulders.
Josh Dhani is the founder of FootBasket. You can read more about him at his website. Follow him on Twitter @joshdhani.
