5:53pm: Stanton agreed to a two-year, $6.5MM deal with “significant upside,” per Ian Rapoport of NFL.com (Twitter link). That last bit seems to indicate that there are a fair amount of incentives in the deal.
5:34pm: The Cardinals have re-signed quarterback Drew Stanton, as Jason La Canfora of CBSSports.com tweets. It was reported earlier in the week that a deal was looking less and less likely, but Arizona has gotten a deal done to keep their backup QB in place before the start of free agency. 
Earlier today, in an interview with SiriusXM NFL Radio (Twitter link), Stanton reiterated his fondness for Arizona.
“I feel like this is a good situation here in Arizona. Is there a better opportunity for me elsewhere? I don’t know,” Stanton said.
In 2014, injuries to Carson Palmer thrust Stanton into the starting role for an eight game stretch. While he did not look like a world-beater, Stanton did go 5-3 in that span and he showed that he is one of the league’s stronger backup QBs.
For his career, the 31-year-old Stanton has started contests, completing about 55% of his passes during that time. It’s possible that Stanton could have received offers from other clubs, hence the report yesterday that he was unlikely to return to the Cardinals. Therefore, it will be interesting to see how much Arizona was willing to pay to lock in an insurance policy at quarterback.
Photo courtesy of USA Today Sports Images.