Mike Vick and the Eagles have agreed to stay together for another year. The new re-structured deal is reported to be worth up to 10 million a year.

The deal doesn’t seem to guarantee much to Vick and looks to be incentive loaded. Those incentives might be hard to reach since we don’t even know if Vick will be the starter. Coach Chip Kelly made it clear today that there will be a QB competition between Vick and Nick Foles.

"There's an open competition. Michael knows that, Nick knows that," new head coach Chip Kelly said at a press conference Monday afternoon. "Nick knew every step of the way what we were doing. I specifically wanted to make sure Nick was included in the plans. I think both of them have outstanding qualities in terms of being quarterbacks in this league. Both of them have started in this league.

"I also know in this league you'd better have two (quarterbacks). So I'm excited about the two of them. They're both going to compete, and who the starting quarterback is to start the season off is going to be won on the practice field."

Vick seems to be comfortable taking a major gamble on himself and his durability.

"I am grateful and proud to be a Philadelphia Eagle. My heart is in Philly and this community is important to me," he said in a statement. "I look forward to playing for Coach Kelly, (Owner) Jeffrey Lurie and the entire Eagles organization, the city of Philadelphia and the fans. I am training hard this offseason and will be ready for Coach Kelly's team vision and leadership. Our goal is to win."

 

Vick and the Eagles are both taking some risk here let’s see how this turns out.