The Facts:
Following up on the
ongoing story. ... The truth already has trickled out on the contract between the Eagles and Vick, which is worth “up to” $10 million for one year. Per a source with knowledge of the contract, Vick received a signing bonus of $3.5 million. He also will receive a non-guaranteed of $3.5 million. That’s a base rate of $7 million.
Reported by Profootballtalk.com
Fantasy Football Diehards Line:
According to PFT's Mike Florio, the rest comes from incentives. Vick can earn up to $500,000 in roster bonuses, with $31,250 for each game in which Vick is on the active 46-man roster. He gets another $1.5 million is he participates in 90 percent of the offensive snaps, and $1 million if the Eagles win the Super Bowl (and if he plays in it). So it’s a one-year, $7 million deal with $3 million in incentives — at least $1 million of which has a very slim chance of being earned. Overall, it’s actually a three-year deal. But the final two years void early in the 2013 league year. As for the signing bonus, Vick 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.
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