Two years and two weeks after he signed a two-year contract that paid him less than $2 million in 2009, Vick is poised to once again ink a long-term nine-figure deal.
We’ve confirmed that Vick has agreed to terms with the Eagles on a six-year, $100 million contract. The deal replaces the one-year guaranteed franchise tender, which has a value north of $16 million.
The agreement was first reported by ESPN.
The contract, which comes seven years after Vick signed a 10-year, $130 million deal with the Falcons, raises plenty of questions. How much of it is guaranteed? (Adam Schefter of ESPN says it’s $40 million.) How much of it is truly guaranteed?
What protections, if any, does the deal contain in the event Vick gets into trouble again? Is it front-loaded, back-loaded, or evenly distributed at an average of $16.67 million per year?
Other questions include whether and to what extent the deal created cap space in 2011, and then whether that money will be used to sign receiver DeSean Jackson to a long-term deal.
Once we get our eyes on the specific numbers, we’ll break it all down.
Until then, it’s safe to say that Vick has come full circle, four years after pleading guilty to federal charges relating to gambling and dogfighting. He’s back on top of the football world; the ultimate question is whether he’ll stay there this time.