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Kevin Kolb Traded To Arizona Cardinals, Signs Large Extension According To Report

And with that, the Kevin Kolb trade is reportedly over and done with. According to reports on Thursday morning, Kolb is headed to the Arizona Cardinals and has worked out the terms of an extension worth a significant amount of money. The Cardinals were seen as the leading suitor for Kolb heading into the 2011 league year, with the Seahawks also reportedly making a play before backing away and signing Tarvaris Jackson.

Kolb will reportedly receive a five-year extension worth a boatload of money, in addition to the trade pieces given up. Kolb reportedly cost the Cardinals Dominique Rodgers-Cromartie and a second-round draft pick.

Kolb and #Cardinals agree to five-year extension for over $63 million with over $20 mill guaranteed, per @caplannfl.

For the Cardinals, it's a large risk. Kolb is widely viewed as a capable starter, but has proven little in his time with the Eagles. And while the Arizona quarterback situation is in hilarious disarray, the Cardinals are locking up a ton of money in a franchise quarterback that's a bit of a mystery.

While many are less than confident in the Seahawks quarterback situation, it was probably a smart idea for Seattle to pass on the Kolb sweepstakes. For now, the Seahawks will go with stop-gaps at quarterback -- either Jackson or Whitehurst -- and hope to find a franchise arm during the 2012 offseason.

Check out the full league year schedule here. We'll be back with more on the Seahawks trade rumors in this StoryStream. For even more Seahawks news and notes, head over to Field Gulls.