NFL sources say The Philadelphia Eagles and quarterback Michael Vick agreed to a six-year, $100 million contract with $40 million guaranteed. The deal locks him in through the 2016 season.
Eagles head coach Andy Reid says he’s very happy they were able to reach an agreement with Michael on this long-term contract; which is a product of all the hard work Michael has done to better himself over the last couple of years, both on and off the field.
The Eagles have a news conference with Vick and Reid scheduled for this afternoon at 2:30 p.m.
In 2007, his professional run ended suddenly when he was convicted on dogfighting charges and sent to prison. In the last 12 months he’s gotten nearly everything back: a starting job, endorsement deals, and a blockbuster contract!
According to the Philadelphia Inquirer, Vick’s deal makes him among the highest-paid players in the game – again. His per year base salary of $16.7 million is less than only Patriots quarterback Tom Brady ($18.01) and Colts quarterback Peyton Manning ($18 million), but is more than New York Giants quarterback Eli Manning ($16.25 million) and Chargers quarterback Philip Rivers ($15.3 million).
Vick’s contract is his second nine-figure deal. In 2005, the Falcons signed the 2001 No. 1 overall draft pick to a 10-year, $130 million contract. Two years later Vick forfeited most of the remaining money when he was charged with running a dog-fighting operation. He eventually filed for bankruptcy while serving an 18-month prison term and still owes creditors millions.
The new deal replaces the one-year franchise tender Vick signed in March. The Eagles had until Sept. 20 to give Vick a new contract or they would have had to wait until after the season to re-sign him.
The Eagles’ camp will hold an official press conference today at 2:30pm.
Sources: www.eurweb.com and The Philadelphia Inquirer