Update: Vikings QB Chris Ponder just confirmed the trade.
Per Jay Glazer the Redskins have agreed on a trade to send veteran quarterback Donovan McNabb to the Minnesota Vikings for a 2012 6th Round pick and a 2013 Conditional pick. The deal is pending on the restructuring of McNabb's contract. McNabb and the Redskins are scheduled to meet today to restructure the deal, McNabb's salary is expected to be cut in half.
McNabb would be dealt for a late-round pick -- Jay Glazer of Fox Sports and NFL Network reported that it would be sixth-rounders in 2012 and 2013 -- but he must restructure his contract, and those talks are scheduled for Wednesday. It isn't expected to be a lengthy process, but nevertheless, it would be required before a trade could be complete. via NFL.com
With the Vikings McNabb should have many more weapons than he did in Washington and will be saddled with a legitimate power running game for the first time in his career.