Mike Florio of ProFootballTalk.com has a official break down of Michael Vick’s new 2013 contract with the Philadelphia Eagles.
Per a source with knowledge of the contract, Vick received a signing bonus of $3.5 million. He also will receive a non-guaranteed of $3.5 million. That’s a base rate of $7 million.
The rest comes from incentives. He can earn up to $500,000 in roster bonuses, with $31,250 for each game in which Vick is on the active 46-man roster. He gets another $1.5 million is he participates in 90 percent of the offensive snaps, and $1 million if the Eagles win the Super Bowl (and if he plays in it).
So it’s a one-year, $7 million deal with $3 million in incentives — at least $1 million of which has a very slim chance of being earned.
When looking at Vick’s deal, it certainly is a win-win for both sides. There’s a good chance he’ll only receive the $7 million base salary, which wouldn’t hurt the Eagles if everything doesn’t work out.