Eagles restructure Michael Vick’s contract, give him a one-year deal

According to ESPN’s Adam Schefter, the Philadelphia Eagles have restructed signed quarterback Michael Vick’s contract and have given him a one-year contract.

So now Vick will certainly be playing in Philly in 2013 and if the things don’t work out, the Eagles won’t be on the hook for the $15 million he was scheduled to make.

Update: Vick’s 1 year deal can be worth up to $10 million, per Jason La Canfora.  Will probably have to hit escalators to reach that number.

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