Michael Vick, Philadelphia Eagles Restructure Contract

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Newly hired Philadelphia Eagles coach Chip Kelly has examined Michael Vick‘s game film and apparently likes what he sees.

Nothing is guaranteed for Vick. Second-year pro Nick Foles remains a promising option, although he probably doesn’t fit Michael Vickin Kelly’s offense. It wouldn’t be a surprise if Kelly added another interesting name to the mix.

Vick will take a big pay cut from his previous $15.5 million salary. NFL.com’s Ian Rapoport reported Vick can earn “up to” $10 million. NFL.com’s Albert Breer reported Vick’s contract is a three-year deal that voids to one year on March 15, so it’s essentially a one-year deal, making Vick eligible for unrestricted free agency in 2014.

Still, Vick will get what he earns since the deal is heavy on incentives, a source who has seen the contract told Breer. The Eagles are making it clear that Vick isn’t guaranteed anything at this stage, including a roster spot. But they wouldn’t make this move unless they thought Vick had a good chance to win the starting job.

This marks a sensible move for both sides. Vick knows that he’s not going to find a better situation than the one in Philadelphia with Kelly and a talented group of skill position players. Kelly knows he’s not going to find a better option on the free-agent market.

Consider this a one-year trial. It’s a “prove it” deal. It’s another “last chance” for Vick.

Andy Reid‘s departure ultimately allowed Vick to get another season with the Eagles. With Kelly on board, it might be a better chance for Vick to find success.

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