Michael Vick Staying With Philadelphia Eagles; Two Sides Agree to Restructured Deal

Dec 13, 2012; Philadelphia, PA, USA; Philadelphia Eagles quarterback Michael Vick (7) on the sidelines during game against the Cincinnati Bengals at Lincoln Financial Field. The Bengals defeated the Eagles 34-13. Mandatory Credit: Eric Hartline-USA TODAY Sports /

One of the biggest questions of the 2013 NFL offseason has just been answered. ESPN’s Adam Schefter is reporting that the Philadelphia Eagles have agreed to a one-year restructured contract with quarterback Michael Vick. The deal will keep Vick in Philadelphia at a discounted price.

Here is Schefter’s report:

Biggest off-season QB domino already has fallen: Eagles have re-signed Michael Vick to a one-year deal for 2013 season.
— Adam Schefter (@AdamSchefter) February 11, 2013

Michael Vick and the Eagles needed each other for 2013. It's a win-win. They succeed, they stay together. They don't they break up.
— Adam Schefter (@AdamSchefter) February 11, 2013

Vick teamed up with new Eagles head coach Chip Kelly? Oh, this is going to be fun. Vick’s skill set will fit right into the wheelhouse of what Kelly wants to install with the Eagles offense. Of course, Vick will first need to beat out Nick Foles for the team’s starting quarterback gig.

The restructured deal is a three-year deal that will essentially turn into a one-year contract when the final two years are voided out on March 15.

It was believed that Vick would be headed for the free agent market following the season, but this latest development will leave quarterback needy teams with one fewer option before the 2013 NFL Draft. The big winners in this deal? Alex and Geno Smith.

Vick is now eligible for unrestricted free agency in 2014.

For more information and news on the Philadelphia Eagles, be sure to check out Inside the Iggles.