Vick signs a six-year, $100 million contract.

[Johnny Rockets]

Personally I wouldn't have done it, but that's just me.

Why not let him play out one more year, and franchise him again? The cap his saving is only 2 M. It just doesn't make sense.

That is a valid point and I was thinking the same thing at first. Thing is, Vick is the undisputed leader of that team. All of his teamates and the organization as a whole love him. Not only that but he is probably one of the most popular guys amongst the NFL players and is the biggest reason so many people signed with the Eagles in the off season. An unhappy Vick who could get a season ending injury this year and no contract would not be in the best interest of making a run this season.

[Peppers90 NC]

a lot can be done with 2 mil in cap space

[thefuzz]

That is a valid point and I was thinking the same thing at first. Thing is, Vick is the undisputed leader of that team. All of his teamates and the organization as a whole love him. Not only that but he is probably one of the most popular guys amongst the NFL players and is the biggest reason so many people signed with the Eagles in the off season. An unhappy Vick who could get a season ending injury this year and no contract would not be in the best interest of making a run this season.

I hear ya. Not sure I agree, but I hear ya.

I'm not really sure that Vick is all that great of a leader, but that's just me, I certainly am not in that locker room or in the FO.

[Johnny Rockets]

I hear ya. Not sure I agree, but I hear ya.

I'm not really sure that Vick is all that great of a leader, but that's just me, I certainly am not in that locker room or in the FO.

You are right that it is odd to hear that Vick is viewed by so many as a leader but he is. Never thought I would see the day either. If things stay on this path, then it is quite a comeback and quite a good story.

Just to show how much the Eagles believe in him, there are reportedly no clauses that void the contract in anyway for off field conduct. I found that interesting.

You know that franchise tag you mentioned? Don't be surprised if that gets slapped on Desean if they can't get a deal done with him before then. I hope it don't come to that, because DJax can be a problem.

[JakeFlake]

a lot of that money is going to his creditors.

[R0CKnR0LLA]

Just to show how much the Eagles believe in him, there are reportedly no clauses that void the contract in anyway for off field conduct. I found that interesting.

I'm not sure they even need such a clause. If he has any serious off the field issues then there's a good chance he's permanently banned from the league, automatically voiding any contract.

Not convinced he's earned it yet.

Defenses were doing a way better job of adapting to him by year's end. Were I the Eagles, I'd have waited another year.

Maybe not until next year, then you'd have to worry about franchising him again or letting him hit free agency. And with DJax not locked up long term they have to worry about him as well and you can't franchise them both.

I'd have waited till about week 6-8 though. If he's still playing at an MVP level by then nobody questions the move. If he isn't you can get him for a cheaper deal or decide not to extend him at all depending on how much he's fallen off.

[thefuzz]

You are right that it is odd to hear that Vick is viewed by so many as a leader but he is. Never thought I would see the day either. If things stay on this path, then it is quite a comeback and quite a good story.

Just to show how much the Eagles believe in him, there are reportedly no clauses that void the contract in anyway for off field conduct. I found that interesting.

You know that franchise tag you mentioned? Don't be surprised if that gets slapped on Desean if they can't get a deal done with him before then. I hope it don't come to that, because DJax can be a problem.

Wow, not sure what that says about the Eagles, but if true, then good for Vick.

I like the leverage, that will help in the Desean signing, but I don't think it's really needed. Yes, he can bust off a big one, but he is still only a 50 - 60 catch per season player. With size issues.

[frash.exe]

Has Manning had one $100 million deal? This latest one is only like $90 right... heh, "only".

i think the first extension he got was for 98 mil, which was astronomical at the time.

[Andrew Luck]

I'm very happy to hear this news cause if Vick is getting that much then that means I will get a $2million dollar contract in the future cause i'm gonna be the best QB of all-time.:)

[Jai.]

Two $100 million contracts in one career, amazing!

[MadHatter]

Seems like Vick won't see much of that guaranteed money.

http://profootballtalk.nbcsports.com/2011/08/31/vicks-creditors-win-with-new-contract/

Quote from article:

“It’s a beautiful thing,” Vick bankruptcy trustee Joseph Luzinski told Bloomberg.com, adding that the money should “substantially clean up all of the claims.”

Vick originally owed his creditors $20 million, but Luzinski said that, to date, Vick has paid off only a “couple million.” The Falcons are the largest creditor, with a debt of $7.5 million arising from bonus money that Vick was forced to repay after defaulting on his contract with the team, via his dogfighting conviction.

For the Falcons, it could be about more than getting money back. The Falcons also could get salary cap credits, as the money comes in from Vick. NFL spokesman Greg Aiello tells PFT via e-mail that such matters are reviewed on a case-by-case basis, and that the question of whether the Falcons will receive cap credits is currently under review.

David Teel of the Newport News Daily Press reports that, based on Vick receiving $20 million in 2011, $6.76 million will go to creditors, $8 million will go to taxes, and Vick will receive net pay of $5.24 million.

Taking Luzinski’s “couple million” estimate literally, that means the creditors will still be owed another $11.24 million after 2011. In 2012, Vick is due to make $12.5 million. In 2013, it’ll be either $16.5 million or $15.5 million.

[GritsRgreat]

LMAO!! The tax man will take a ton of that and the creditors will take their fair share living Vick with little leftover....haha.

[jtnc]

LMAO!! The tax man will take a ton of that and the creditors will take their fair share living Vick with little leftover....haha.

Still making more money, than any of us could ever imagine.

[GritsRgreat]

Still making more money, than any of us could ever imagine.

i'm not rich but i make enough to be happy.