By Anthony Caruso III
The Capital Sports Report
Owner/Managing Editor/Sr. Writer
Philadelphia Eagles quarterback Michael Vick is now on a one-year deal that he could get $10 million next season.
But his new one-year deal contains a $3.5 million base salary. It is $12 million shy of the $15.5 million base salary that he would have made in the old contract.
He also received a $3.5 million dollar signing bonus. The key number in his contract is the signing bonus, because it is guaranteed.
Now, the Eagles are not going to release him before the start of free agent. Now, they are going keep him, as he will only be guaranteed $3.5 million until the start of the season.
In order to reach $10 million, he has to reach many incentives. He will receive $500,000 in roster bonuses with $31,250 for each game he is on the active game-day roster.
He will receive $1.5 million if he plays in 90% of the team’s offensive snaps. In addition, he would receive another $1 million if the Eagles reaches the Super Bowl and Vick plays in it.
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