Technically, Vick’s deal covers three years

AP

We’ve picked up some more details regarding Mike Vick’s new contract with the Eagles.

So since we have them, we may as well use them.

For starters, a source with knowledge of the deal tells PFT that it’s actually a three-year deal.  But the final two years void early in the 2013 league year.

The device is aimed at pushing cap dollars into future years, including $4.8 million from his 2011 signing bonus.  If a one-year deal had been signed, an extra $4.8 million would have hit the cap now.  By signing a three-year deal that voids to one, $4.8 million lands in 2014.

The maneuver also kicks two thirds of Vick’s $3.5 million signing bonus into 2014.

Speaking of Vick’s signing bonus, he gets half of it now and the rest of it in April.  If Vick ultimately loses the starting job to Nick Foles and the Eagles opt to move on, they can avoid the $3.5 million base salary by cutting him, but he will have pocketed the full $3.5 million.

It’s more likely under that scenario that Vick would be traded, since it would cost his next team a lot less money to take on the balance of a deal that already has paid him $3.5 million.

14 responses to “Technically, Vick’s deal covers three years

  1. I have more details also regarding Mike Vick’s new Contract with the Eagles. Vick is reportedly going to use the money from his new contract to open a string of dog grooming parlors that will double as fronts for his new dog fighting enterprise. “This is an opportunity for a fresh start at something that I really love, and this time, I wont have any of my low life friends and family getting me busted.”

  2. The Eagles have a ridiculous amount of cap room. Why would they not want to use it this year? Oh yeah, the door is now cracked open for a trade. The extra 500k they pay him now is well worth the risk.

  3. I have more details also regarding Mike Vick’s new Contract with the Eagles. Vick is reportedly going to use the money from his new contract to open a string of dog grooming parlors that will double as fronts for his new dog fighting enterprise. “This is an opportunity for a fresh start at something that I really love, and this time, I wont have any of my low life friends and family getting me busted.”

    Ok, comments like thus became old and annoying a long time ago. If you don’t like Vick and can never get over the crimes he committed ( and paid for) that’s fine. No need to annoy the rest if us with your lame and worthless comments. Don’t watch the eagles or read articles about the eagles if you’re tired of hearing about Vick. It’s really that simple

  4. Not a bad deal at all… I mean neither was the 5 year, 100 million dollar deal either they were going to do for him. So this one is even better… He’s an elite quarterback. He has totally lived up to all the hype… Just look at the numbers . . He has a playoff win (one), I mean that’s good; he’s almost finished a full season, very close that one year. He always keeps his QB rating below 100 which is good, don’t want it to get to high and out of control. He almost had a divisional round win 10 years ago. He’s smart; he doesn’t want to use all his “talent” early winning conference games and Super Bowls like Brady, Eli, Flacco, etc . . better to save it.

  5. Rookie Nick Foles has as many 60% completion seasons as 10 year veteren Mike Vick.

    Think about that. Foles rookie season would rank barely below Vick’s best season ever as a passer.

    Vick’s rookie season, he completed 44% of his passes.

    People tend to confuse Vick the QB with Vick the RB. Vick has never been a good QB, has never been that accurate but boy he used to be able to run. Vick who is getting near his mid 30’s can’t run and can’t take a hit. One thing he has never done, is make a good decision, and that’s going to cost him and the team now that his legs can’t bail him out.

    To compare, Jamarcus Russell had better passing percentages his 3 years in the league than Vick and Russell can’t find a job.

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