Matt Schaub and the Houston Texans have agreed upon a $62 million over four seasons, with $24.75 million guaranteed, Fox 26 in Houston reported.

The Texans acquired Schaub in 2007 in a trade with the Falcons.

"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."