Michael Vick has landed a six-year, $100 million contract extension with the Philadelphia Eagles, with almost half of it reportedly guaranteed.
Michael Vick Contract Breakdown: Likely No More Than Five-year Deal
The contract is publicized as six years and $100 million, but in reality it will most likely max out at five years and $80 million. The sixth year of the contract is voided if Vick plays in at least 35 percent of the offensive snaps in any year of the deal. If he were to not take part in 35 percent of the snaps between now and year six for any reason other than an injury, it’s safe to say they would have long since cut him.
Under the remaining five-year contract, Vick could make as much as $20 million in 2011, $12.5 million in 2012, $15.5 million in 2013 and again in 2014, and $16.5 million in 2015. The most noteworthy bonus would pay Vick $3 million if the Eagles win the Super Bowl in 2011 or 2012 and Vick participates in 77.5% of the offensive plays during the regular season.
Read Article >Michael Vick’s Eagles Contract Extension Worth $100 Million
He’s still facing debt from bad business deals he incurred during his pre-prison days ... you can probably stop worrying about how he’ll satisfy those, in case you’ve been stressed.
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