Michael Vick deal with Philadelphia Eagles restructured

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Michael Vick won't be packing his bags anytime soon, as the quarterback has worked out a restructured contract to remain with the Philadelphia Eagles, according to NFL.com. To stick around, Vick will take a pay cut from his $15.5 million salary.

The pay cut shouldn't hurt too much, though, as he can still earn up to $10 million, which is a nice chunk of change. Under the new contract, Vick will be available as an unrestricted free agent in 2014. The Eagles have noted that even with a new deal, Vick isn't guaranteed his job as starting quarterback. Vick turned over the ball 33 times in the last two seasons, and missed nine games due to injury.

Nick Foles, a rookie, filled in for Vick when needed, and looked decent, but still very green. It seems Vick will, essentially, be competing for the job with Foles. With the amount of money they're paying Vick, though, it's not too hard to see which horse they're betting on.

Vick's come a long way, since being the most hated man in the NFL. He served 19 months in prison for owning and operating a dog fighting ring, making national headlines.
Photo/Video credit: Getty Images
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