Michael Vick and Philadelphia Eagles restructure contract

By Steven Mitchell,

The Philadelphia Eagles and quarterback Michael Vick have agreed to a new contract.

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Reported by Fox Sports, a new deal was structured from his original contract. Vick will now have a one year contract with the Eagles and could make up to $10 million. After the 2013 season Vick can become a free agent.

This is different from the contract Vick already had with the Eagles. His original contract had him at a $15.5 million base salary. Earlier, the Eagles picked up his option for $3 million and his new contract will go into effect March 15.

Vick's future with the Eagles has been much speculated recently with the hire of new head coach Chip Kelly. NBC reports that the new deal doesn’t mean that Vick is Kelly’s starting quarterback.

''I'm going to look at everybody,'' Kelly said. ''If you can throw the ball and run, I'm going to take you out there. We're going to look at everything we can do to put the best product on the field and that's what it's all about.”

Another option at quarterback for the Eagles is Nick Foles who will be entering his second season. Buzz has been surrounding the Eagles about going after San Francisco’s Alex Smith or New York Jets' Tim Tebow. There are other possibilities that could be sought after in the draft.

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