Breaking: Michael Vick and the Philadelphia Eagles have agreed to a six-year, $100 million contract.
@adbrandt
Andrew Brandt
WOW! That’s a lot of money. I’ll be updating this post with contract details as they become available…
[8/29/2011 7:50 PM EST] UPDATE – According to ESPN’s Adam Schefter, “about $40 million” of the deal is guaranteed.
The guaranteed money on Michael Vick's brand-spanking-new, 6-year, $100 million contract is about $40 million.
@AdamSchefter
Adam Schefter
[8/29/2011 7:53 PM EST] UPDATE – Sheil Kapadia of Moving the Chains offers perspective on Vick’s deal.
For reference: Peyton Manning's was reported 5 years, $90M with $54.4M guaranteed. Tom Brady's was 5 years, $78.5M with $48.5M guaranteed.
@SheilKapadia
Sheil Kapadia
[8/29/2011 7:59 PM EST] UPDATE – Jason La Canfora of NFL Network says that deal is not “back-loaded with filler”, and has a legitimate shot of earning $16.7 million a year. This is a huge deal.
Mike Vick and Eagles agree to 6yr, $100M contract tonight. Deal is not backloaded with filler - legit chance to earn $16.7M/year
@JasonLaCanfora
Jason La Canfora
[8/29/2011 8:19 PM EST] UPDATE – As McLane points out, this deal frees up about $2 million in cap space.
Vick's 2011 cap figure was trimmed slightly from $16.2 million to $14.4 mil, per a league source.
@Jeff_McLane
Jeff McLane
