There will be no uncertainty or drawn-out negotiations: Michael Vick has signed on the dotted line to be the Eagles’ quarterback in 2011.
Jeff McLane of the Philadelphia Inquirer first reported that Vick will sign his franchise tender today, guaranteeing him a salary of more than $16 million next season. The Eagles later announced that the signing is official.
Vick and the Eagles may still work out a long-term deal at some point after the upcoming lockout, but at the moment it makes sense for him to get the one-year deal out of the way now. And a one-year salary of $16 million is a stunning turnaround for a guy who declared bankruptcy from a prison cell two and a half years ago.
Vick’s decision to sign the tender also speaks to what a good deal the franchise tag can be for players: Although the players’ union’s position is that franchise tags aren’t valid, seven different players who got the franchise tag this offseason decided to sign it. Heading into an offseason of uncertainty, a guaranteed salary of many millions of dollars is not a bad deal at all.