It has been widely believed that the Eagles won’t do a long-term deal with quarterback Mike Vick until later in the season, after they see whether he will continue to play in 2011 like he played in 2010.
Though it’s possible that the deal won’t be done until the regular season has commenced, the talks have at least begun.
A source with knowledge of the situation tells PFT that initial conversations have occurred. The content of those discussions, and the timeline for a potential resolution, isn’t known.
The fact that Vick’s one-year contract — and thus his one-year cap number — currently sits at $16 million could be nudging the Eagles toward an extension that would count less against the $123 million minimum in 2011. (The official salary cap is $120 million per team, but each team can choose to go over the limit by $3 million this year, so the real cap is $123 million.)
At a time when players like receiver DeSean Jackson are looking for long-term deals, extending Vick’s contract would be an easy way to create cap room. The real question is whether the Eagles need to see more from Vick before they’ll be comfortable with giving him even more money.