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Eagles, Vick Reach 6-Year Deal Worth $100 Million (VIDEO)

08/30/2011 8:27 am 0 comments

Source: ESPN

Philadelphia – Michael Vick and the Philadelphia Eagles agreed on a six-year contract on Monday that again makes the Pro Bowl quarterback one of the highest-paid players in the NFL.

A league source told ESPN’s Andrew Brandt the deal is worth $100 million and a league source told ESPN NFL Insider Adam Schefter that it contains roughly $40 million guaranteed.

Vick isn’t the only one who will benefit from his new contract. Vick still owes creditors in his bankruptcy case $19 million, according to Miami businessman Joseph Luzinski, the man in charge of paying back creditors in Vick’s bankruptcy. Luzinski told ESPN’s “Outside The Lines” that if Vick earns the full $100 million over six years, those creditors should be paid in full but if Vick simply gets the guaranteed money in the deal, those creditors likely will not get completely repaid.

Vick has come a long way since spending 18 months in federal prison on dogfighting charges. He led the Eagles to the NFC East title last year, was the starting quarterback in the Pro Bowl and was the AP Comeback Player of the Year.

To read this article in its entirety visit ESPN.

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