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Eagles burn up $4.6 million in cap space on Vick deal

Though Eagles quarterback Mike Vick will earn only $1.625 million for playing football (and, for up to five weeks, not playing football) in 2009, the contract that he signed with the Eagles carries a much higher 2009 cap number.

Per a league source, Vick will count more than $4.6 million against the cap this year.

Of the excess, $750,000 of it comes from the $1.5 million roster bonus that Vick is due to receive on the fifth day of the 2010 league year, given the unique accounting rules of the last capped year under the labor agreement.

The other $2.26 million comes from a “likely to be earned incentive,” which undoubtedly won’t be earned. 

In the past, this device has been used to carry cap space from one year to the next.  In this case, the incentive was utilized to ensure that the second year of the deal complies with the 30 percent rule, which limits salary growth from a capped year to an uncapped year.

Vick also was given a $50,000 salary advance, suggesting that he currently has very limited liquid assets.

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34 Responses to “Eagles burn up $4.6 million in cap space on Vick deal”
  1. BrenstonBuckner says: Aug 19, 2009 10:15 PM

    I’m sure he’ll use that 50 grand advance to buy some new bling for his ears…Despicable human trash!!!!

  2. Footba11Joe says: Aug 19, 2009 10:18 PM

    I like to think that I’m a pretty competent college student, and I follow the NFL pretty closely, but I did not understand one word of this.
    Go Eagles!

  3. PJW says: Aug 19, 2009 10:18 PM

    The bankruptcy court should take 99% of it

  4. Hillbilly Coach says: Aug 19, 2009 10:21 PM

    Well, Coach Reid! When does Marvin get his?

  5. Pastabelly says: Aug 19, 2009 10:30 PM

    Big deal. The Eagles had space left over on their 2009 salary cap. It’s use it or lose it. If other players would have to restructure to get this done, then maybe there’s an issue.

  6. Indyeagle says: Aug 19, 2009 10:31 PM

    I would have thought that filing for bankruptcy would have suggested he had very limited liquid assets?

  7. hayward giablommi says: Aug 19, 2009 10:31 PM

    I’ve never previously disliked the Eagles as I considered them to be the least of all evils in the NFC East.
    But now, F them and all their sponsors. What ahypocritical, dispicable organization.

  8. Vick's failed drug test says: Aug 19, 2009 10:38 PM

    Eagles burn up a lot of doobies with the acquisition of Vick.

  9. Cobra Commander says: Aug 19, 2009 10:52 PM

    Having ‘very limited liquid assets’ which is rich-speak for ‘no money’ is about the best thing that could happen to the guy right now. Talk about motivation!

  10. MasterShake says: Aug 19, 2009 11:36 PM

    Is that cap space in dog years?

  11. meezle says: Aug 19, 2009 11:48 PM

    Pjw if u went bankrupt would they take 99% of ur salary?
    Stfu

  12. -jd- says: Aug 20, 2009 12:29 AM

    These self-righteous anti-vick people really have got to get over themselves. The man did his time, and as a gifted athlete is now able to play football again. This is getting nauseating having to read the exact same comments post after post.

  13. Jackal138 says: Aug 20, 2009 1:05 AM

    How does that make you feel, Vick haters? The man you loathe more than all others just got a cash advance for more money than you probably make in a year.
    Oooh, it must burn!

  14. LCCJ says: Aug 20, 2009 8:04 AM

    He needed that 50k to still pay off his ron mexico mess. 4.6 mill of cap space for a backup?

  15. DT-58 says: Aug 20, 2009 9:01 AM

    # -jd- says: August 20, 2009 12:29 AM
    These self-righteous anti-vick people really have got to get over themselves. The man did his time, and as a gifted athlete is now able to play football again. This is getting nauseating having to read the exact same comments post after post.
    +1

  16. PazUSA says: Aug 20, 2009 9:10 AM

    It just boggles the mind that a team that has so many needs at critical positions elsewhere would waste money on signing a man who has and will continue to drive a wedge through the Eagles fanbase. I’ve been an Eagles fan for more than 23 years and this signing sickens me to my very core – to such an extent that I just have no interest in supporting Lurie’s hypocrisy, Reid’s arrogance and Banner’s contempt for anyone other than premium luxury box owners.
    If Vick had been signed by the Gianst or the Cowboys (or any other team for that matter), we’d be screaming blue bloody murder against them, but unfortunately a large number of people are hypocrites.

  17. Cardsfan81 says: Aug 20, 2009 9:15 AM

    Florio, you’re pissed that Vick is the league and I get that. Not sure what the above blog does except incite those out there that feel the same way you do about Vick.
    Reading some of the entries, you have accomplished what you have set out to do.
    Hey, it’s your site and you can what youy what to do. I’d rather it be about some on the field football discussion at this point. Get over. Stay classy man.

  18. hayward giablommi says: Aug 20, 2009 9:23 AM

    “These self-righteous anti-vick people really have got to get over themselves. The man did his time, and as a gifted athlete is now able to play football again. This is getting nauseating having to read the exact same comments post after post.”
    ^^^^^
    Its getting nauseating to read spineless Ron the Dog Drowner apologists like you telling us “he did his time”. This is also a guy who lied repeatedly to the spineless commissioner, who flipped off his own fans in Atlanta, and who knowingly gave a woman herpes.
    Deparaved, soulless sociopaths do not deserve second chances. F you and anyone who supports this monster.

  19. VoxVeritas says: Aug 20, 2009 9:27 AM

    “How does that make you feel, Vick haters?”
    Hm, let me see.
    Well I still feel morally, physically and intellectually superior to the average Eagirl fan, that for sure. And maybe Vick too, for sure at least 2 out of 3 as far as he’s concerned.
    But what about you? Which flavor do you prefer? Vick’s nuts or Reid’s nuts?

  20. VoxVeritas says: Aug 20, 2009 9:28 AM

    “4.6 mill of cap space for a backup?”
    $4.6 mil for a backup that hasn’t played in almost three years.

  21. TheBirdsAreTheWords says: Aug 20, 2009 9:37 AM

    vick may have done all those things…ray lewis killed a man? i dont see anyone going after his nuts

  22. PhillyHouse says: Aug 20, 2009 9:47 AM

    First, I am an Eagles fan and I’m glad the Eagles got Vick instead of the cowboys or Skins. I would not have begrudged them for getting a guy who could help them win. When the cowboys got Adam Jones and Tank Johnson, those were calculated risks that didn’t work it. But what did dallas lose in the long run? Nothing. But it was worth the risk.
    If any of you posters root for a team that has no players who have gotten in trouble with the law, I have no beef with you.
    But if you do, that’s truly hypocritical. What is more, if you listen to a band or support movies of known legal troublemakers, you are a hypocrite.
    Dogfighting is a horrible, terrible thing. But there are other MORE heinous crimes in life. I truly believe striking a woman, causing phyisical harm to any person, drug abuse, DUI convictions, murder, and child molestation, are worse than dogfighting. If Vick screws up again, I’m done with him. But for now, the Eagles are bigger than just him, and I will support the Eagles and enjoy his talents.

  23. emoser says: Aug 20, 2009 9:52 AM

    “$4.6 mil for a backup that hasn’t played in almost three years.”
    …and who won two playoff games. I’ll take that over some loser who doesn’t even show up to an elimination game, let alone win a playoff game.
    44-6*

  24. -jd- says: Aug 20, 2009 10:02 AM

    I’m no apologist, nor do I feel that to support vick is to support a “soulless sociopath.”. But I guarantee that a good portion of those that are outraged are the same people that are able to shoot an eightpointer through the lungs and watch it run bleeding every hunting season. Or have a big juicy steak every now and then. But hey, that’s part of our American culture. What vick did was cruel, but alot of us need to get off our high horse.

  25. VoxVeritas says: Aug 20, 2009 10:12 AM

    “But I guarantee that a good portion of those that are outraged are the same people that are able to shoot an eightpointer through the lungs and watch it run bleeding every hunting season.”
    Yeah. So?
    “Or have a big juicy steak every now and then. ”
    Uh huh. So?
    “What vick did was cruel, but alot of us need to get off our high horse.”
    Eagirls fan, right? I can spot you guys a mile away.

  26. VoxVeritas says: Aug 20, 2009 10:13 AM

    “…and who won two playoff games. I’ll take that”
    You don’t have a choice, but you’re used to having things rammed down your throat, aren’t you?

  27. BigBear says: Aug 20, 2009 10:41 AM

    Encouraging a smackdown on Vick.
    Check it out here.
    http://www.smackmyvickup.com

  28. SixBurghDude says: Aug 20, 2009 11:09 AM

    -jd- says:
    “These self-righteous anti-vick people really have got to get over themselves. The man did his time, and as a gifted athlete is now able to play football again. This is getting nauseating having to read the exact same comments post after post.”
    ———————————————————-
    YOU WANT NAUSEATING??? LOOK AT THE IMAGES OF THE DOGS HE BRUTALIZED!!!

  29. -jd- says: Aug 20, 2009 11:19 AM

    VoxVeritas I’m an Eagles fan,
    uh huh, so?
    You’re not….
    Regardless, you have so easily shown that there is a double standard in American society. You are against cruelity to animals just as long as that animal can bark and wag it’s tail. Otherwise, slaughter away…

  30. FrankfordYellowJackets says: Aug 20, 2009 11:32 AM

    “Burn up”? Fair and balanced, eh.

  31. swoopnc says: Aug 20, 2009 11:42 AM

    Don’t let Vox fool you, he doesnt give a damn about any life, including humans! Remember when he about got run off this site for talking junk about Jim Johnson having cancer before he died.

  32. Jackal138 says: Aug 20, 2009 3:29 PM

    VoxVeritas says: August 20, 2009 9:27 AM
    “How does that make you feel, Vick haters?”
    Hm, let me see.
    Well I still feel morally, physically and intellectually superior to the average Eagirl fan, that for sure.
    ——————
    You felt that way before the Vick signing, now you feel like you have an excuse for it.
    But, see, you’re not. You live in your mom’s basement, you haven’t taken a shower in a week and you need to shave your gross neckbeard.
    You might be more of a human being than Michael Vick, yeah, but he’s making millions while you’re making your mom go upstairs to bake you pizza rolls. Which explains all the hate.

  33. Jackal138 says: Aug 20, 2009 3:31 PM

    Oh, and….
    44-6!
    Have we heard about the Cowboys yet this offseason? That’s right, because nobody cares! The media likes talking about teams that can conceivably get to the Superbowl, and to do that you’ve gotta win a playoff game first.

  34. hayward giablommi says: Aug 20, 2009 3:51 PM

    “I’m no apologist, nor do I feel that to support vick is to support a “soulless sociopath.”.
    ^^^^^
    Per Webster’s:
    so⋅ci⋅o⋅path –
    noun- a person, as a psychopathic personality, whose behavior is antisocial and who lacks a sense of moral responsibility or social conscience.
    synonyms:
    bad person, criminal, devil, evil person, felon, gangster, lawbreaker, murderer, psychopath, sinner, sociopath, troublemaker, villain
    “But I guarantee that a good portion of those that are outraged are the same people that are able to shoot an eightpointer through the lungs and watch it run bleeding every hunting season. ”
    >>>>>No.
    “Or have a big juicy steak every now and then. ”
    >>>>>Not even close to the same thing. Let’s see…Eating vs. being entertained by the sport of watching animals tearing each other to shreds, and taking pleasure in drowning, electrocuting and torturing animals.

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