Fox Sports insider and NFL Network contributor Jay Glazer first reported that Vick and the Eagles have worked out a restructured contract. The Eagles website quickly confirmed the move.
The team’s website headline is telling: “Vick stays to compete for job.”
Nothing is guaranteed for Vick. Second-year pro Nick Foles remains a promising option, although he probably doesn’t fit Kelly’s offense. It wouldn’t be a surprise if Kelly added another interesting name to the mix. Vick will take a big pay cut from his previous $15.5 million salary. NFL.com’s Ian Rapoport reports that Vick can earn “up to” $10 million. NFL.com’s Albert Breer reports that Vick’s contract is a three-year deal that voids to one year on March 15. (So it’s essentially a one-year deal, making Vick eligible to be an unrestricted free agent in 2014).
Vick’s deal surely includes a lot of incentives that recognize how unclear his role is at the moment. The Eagles are making it clear that Vick isn’t guaranteed anything at this stage, including a roster spot. But they wouldn’t make this move unless they thought Vick had a good chance to win the starting job.
For more on this story visit: Gregg Rosenthal, NFL.com