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Vick gets $4 million for one year in New York

Vick AP

When assessing whether Mike Vick has a chance at becoming the starting quarterback for the Jets, the financial investment becomes relevant.  The more the team pays a guy, the more likely he plays.

For Vick, it was widely reported that he’ll get $5 million this year from the Jets. The magnitude helped create the impression for some that he has a great chance at winning the job.

The real numbers weren’t as widely reported.

Per a source with knowledge of the actual deal, Vick is only guaranteed $4 million.  Half comes from a signing bonus, and the other half comes from a fully-guaranteed 2014 base salary.

That’s a lower annual rate than supposedly lesser quarterbacks, like Chad Henne, Matt Cassel, and Josh McCown.  All three are getting at least $5 million per year on two-year deals signed this month.

Then there’s Matt Schaub, whom the Raiders are giving at least $8 million this year and as much as $11 million.

The best news for Vick is that the one-year deal gives him a shot at hitting the market again in 2015.  Given that he opted to sign for $4 million for one year in 2014, he’ll never come close to the six-year, $100 million contract he signed less than three years ago.

Then again, that one was reported incorrectly, too.  It was a five-year, $80 million deal.  And he played only two years of it before it was transformed into a one-year contract.

UPDATE 10:06 a.m. ET: We’ve learned that Vick can earn another $1 million, based on the playing time incentives included in his deal.  He’ll make $100,000 if he takes 50 percent of the Jets’ offensive snaps, $300,000 for 60 percent, $550,000 for 70 percent, $900,000 for 80 percent and $1 million if he plays at least 90 percent.  So, basically, he needs to play at least eight full games to get an extra $100,000.  And he needs to play 14 or 15 games to get another $1 million.

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9 Responses to “Vick gets $4 million for one year in New York”
  1. misterdreamer119 says: Mar 30, 2014 8:31 AM

    Vick is finished. Hes a backup at best now.

  2. redandgoldhitman52 says: Mar 30, 2014 9:01 AM

    so 1mil per game and 10 games on i.r.

  3. heathn09 says: Mar 30, 2014 9:22 AM

    So if he does great he won’t start because he’s being paid less? Thought jobs were given on performance. What does his pay have anything to do with who plays

  4. joetoronto says: Mar 30, 2014 10:10 AM

    The Jets are the only team left that still don’t know Vick is, and always was, a gimmick.

  5. qdog112 says: Mar 30, 2014 10:16 AM

    Whether you like Vick or not, the idea that Chad Henne, Matt Cassel, and Josh McCown. all are paid more, is pretty nuts.

    When you think of the last image you have of Matt Schaub, who can say he’s worth 2x what Vick makes? My lasting image is of Schaub throwing a TD pass … to Richard Sherman.

  6. stonefish67 says: Mar 30, 2014 10:46 AM

    Good luck Vick.

  7. thegrigga49 says: Mar 30, 2014 12:04 PM

    Why is he writing righty?

  8. tryfe says: Mar 30, 2014 7:48 PM

    He writes with his right hand? Is he going to be showing off his ability to throw with both hands now that he’s joined the “Circus”?

  9. nattination says: Mar 30, 2014 11:49 PM

    Didn’t Schaub back up Vick in Atlanta?

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