The Eagles accomplished this evening their most pressing bit of contract-related business before the start of the NFL season -- they agreed to a six-year, $100 million contract with quarterback Michael Vick, which will lower his cap number this year from $16 million to about $14.4 million, a league source confirmed. The team then announced they had come to agreement on a six-year deal.
Vick, 31, trails in salary only the Patriots' Tom Brady and the Colts' Peyton Manning ($18 million a year) among NFL quarterbacks. His deal averages about $16.67 million per year. The news was broken Monday night by Andrew Brandt of the National Football Post, who has worked for the Eagles in the past as a contract negotiator.
The team had franchised Vick this season for $16 million, but he would have become an unrestricted free agent after the season, unless they reached agreement on a long-term deal then, or franchised him again. Had the Eagles and Vick not reached agreement by Sept. 20, they would have had to wait until after the season to talk.
It might be worth noting that since the Eagles now definitely won't be franchising Vick again, they will have that tag available if they need to use it on wideout DeSean Jackson, whose contract expires this season. The Eagles and Jackson have been discussing a new deal, but they are not believed to be close to agreement.