Upon Closer Inspection, Mike Vick’s $100 Million Deal is Nowhere Near That
Mike Vick’s $100 million contract with the Eagles is receiving enormous scrutiny, and the good news is that unlike a lot of previous $100 million contracts, all the salient details are quickly being released, perhaps to assuage the portion of the public that isn’t happy a convicted felon is getting nine figures to throw a football.
Not surprisingly, Vick’s not going to be getting anywhere close to nine figures (especially when you toss in his payments to creditors).
Here’s how Mike Florio broke down Vick’s next six seasons:
2011: $20 million ($10 million base salary, $7 mil signing bonus, $3 mil roster bonus)
2012: $12.5 million base salary
2013: $16.5 million base salary ($3 million guaranteed)
2014: $12.5 million base salary ($3 million roster bonus)
2015: $14.5 million base salary ($2 million roster bonus)
But here’s the kicker:
After year two, when all of the fully guaranteed money has been paid, it will be easy for the Eagles to walk away. In 2013, they’d take a pre-June 1 cap hit of $4.2 million. In 2014, the pre-June 1 cap hit would be $2.8 million. After June 1, they’d split a $1.4 million cap charge over 2014 and 2015.
So when Vick’s 33 and the obviously not the running QB he once was, the Eagles can pull the plug without too many repercussions. Vick’s emergence has bought Andy Reid a couple more seasons, and after last year’s playoff disappointment – yes, they lost to the eventual Super Bowl champs, but the game was at home and Philly was an underthrown Vick pass away from victory – it seems about right the pair will have at least two more years to deliver the Eagles a Super Bowl title.

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67 Responses to “Upon Closer Inspection, Mike Vick’s $100 Million Deal is Nowhere Near That”
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August 31st, 2011 at 12:32 PM
KAFKA
August 31st, 2011 at 12:35 PM
An NFL contract isn’t what it seems? Shocking
August 31st, 2011 at 12:35 PM
Haha, remember Mcnabb’s Redskins contract?
August 31st, 2011 at 12:36 PM
In other news, the sun will set in the West tonight. Film around 7:30.
August 31st, 2011 at 12:37 PM
So, at worse, he has a 2-year, $35.5MM fully guaranteed contract.
Not bad.
August 31st, 2011 at 12:37 PM
/shaking my head
August 31st, 2011 at 12:39 PM
Haha, remember Mcnabb’s Redskins contract?
No, what was that?
August 31st, 2011 at 12:39 PM
That makes the contract tolerable. Good work Eagles.
August 31st, 2011 at 12:41 PM
It was reported to be like 5-years, $78MM.
He played 1 year at $14.7MM.
August 31st, 2011 at 12:42 PM
To be clear, Vick could have made more money by not signing. (This year’s franchise tag value plus the next one, or free agency).
Signing the deal he has insured his 2012 earning potential against a 2011 injury. And if he’s still lighting it up, the Eagles keep him in 2013 at a value. Works for the team and for Vick.
August 31st, 2011 at 12:43 PM
I along with sportsdork am just going to shake my head at this.
Good deal for the Eagles & Vick, spare me the social commentary and the people who think he should be a pariah.
August 31st, 2011 at 12:44 PM
The Eagles also free up their 2012 franchise tag. Not an inconsequential move with the Jackson extension not done.
August 31st, 2011 at 12:45 PM
But I thought lowering Vick’s cap number would ensure a Jackson deal gets done?
August 31st, 2011 at 12:46 PM
So long as on his QB job application he checked YES under the felony section he’s fine
August 31st, 2011 at 12:47 PM
kind of what I was thinking. seems to work out well for both parties.
August 31st, 2011 at 12:47 PM
Still think an extension gets done but I don’t think lowering Vick’s 2011 cap number was required for a Jackson extension, at all.
The Vick extension grants the Eagles further leverage on Jackson (all parties know the franchise tag is there).
August 31st, 2011 at 12:47 PM
no football contract is ever worth the amount reported.
you think Haynesworth was really ever going to see $100 mil?
August 31st, 2011 at 12:48 PM
Not ensure, but it certainly helps open more money up.
August 31st, 2011 at 12:52 PM
you think Haynesworth was really ever going to see $100 mil?
Not unless he married a rich white woman
August 31st, 2011 at 12:52 PM
So long as on his QB job application he checked YES under the felony section he’s fine
oh man, can you imagine how embarrassed he’d have been if he checked NO and the HR lady for the Eagles did a quick Google search
August 31st, 2011 at 12:53 PM
What can be said.
August 31st, 2011 at 12:54 PM
Good deal for the Eagles & Vick, spare me the social commentary and the people who think he should be a pariah.
even if vick was a redskin, this deal would still leave a bad taste in my mouth.
this paints the wrong picture for young athletes, whether you think athletes are role models or not.
August 31st, 2011 at 12:57 PM
I’m not going to go all social commentary, but young kids shouldn’t be thinking of athletes as role models, period. They should idolize scientists, doctors or engineers. But the contract does show that the purpose of the American justice and rehabilitation system works. That does affirm what our founders tried to do, and that’s a damn good thing.
August 31st, 2011 at 12:58 PM
What picture is that? (Or is this sarcasm?)
August 31st, 2011 at 12:59 PM
/fixed
August 31st, 2011 at 12:59 PM
Should the picture be “serving the punishment the judicial system has deemed appropriate is not enough, a citizen should be treated differently for the rest of their life”?
August 31st, 2011 at 1:00 PM
That does affirm what our founders tried to do, and that’s a damn good thing.
You mean what they were trying to do in breeding the perfect dog for fighting bulls?
August 31st, 2011 at 1:02 PM
No establishing a justice system which allowed for punishment and rehabilitation. But please lets make anybody who is in jail and tried to get ahead a social pariah. Might we brand them as well in your world?
August 31st, 2011 at 1:03 PM
What picture is that?
um… if you’re good enough on the field you can do whatever you want off and STILL get paid!
August 31st, 2011 at 1:03 PM
fixed
August 31st, 2011 at 1:04 PM
You forgot a small detail.
August 31st, 2011 at 1:05 PM
That does affirm what our founders tried to do, and that’s a damn good thing.
oh for fuck’s sake. really? a founding fathers reference? does the NFL taint everything!!?!?!
August 31st, 2011 at 1:06 PM
I thought he spent 19 long months in prison for what he did off the field.
Now he’s trying to move on and better himself, and he’s turned his professional skill that not many people have into a nice payday. And we’re to begrudge him that rehabilitation? No thanks.
August 31st, 2011 at 1:07 PM
Might we brand them as well in your world?
come on… he should at least bear the markings of a few dog bites, right?
August 31st, 2011 at 1:07 PM
really? a founding fathers reference? does the NFL taint everything!!?!?!
Well, he’s not paying taxes to Britain, is he? The system works!
August 31st, 2011 at 1:07 PM
didn’t Akers miss a couple field goals as well?
August 31st, 2011 at 1:09 PM
Michael Vick would have been 100 million guarenteed if he was white.
August 31st, 2011 at 1:09 PM
That’s a shame
August 31st, 2011 at 1:10 PM
Auburn would have come over the top with 7 years $118M if he would have waited til he hit UFA.
August 31st, 2011 at 1:11 PM
I thought he spent 19 long months in prison for what he did off the field.
that 19 months is a lot longer for anyone below vick’s social status.
Now he’s trying to move on and better himself, and he’s turned his professional skill that not many people have into a nice payday. And we’re to begrudge him that rehabilitation? No thanks.
and i refuse to hate on anyone for getting paid. i’m simply saying that if i’m a standout athlete already receiving ample perks from anyone and everyone around me, this just reinforces the idea that i can do whatever the fuck i want.
August 31st, 2011 at 1:13 PM
Chronicling the truth, right there.
August 31st, 2011 at 1:14 PM
Auburn would have come over the top with 7 years $118M if he would have waited til he hit UFA.
(George Bush joke), dedicated to Ritty
August 31st, 2011 at 1:15 PM
I see nothing wrong with that.
August 31st, 2011 at 1:16 PM
I just don’t like the deal because I’m not convinced that he’s worth this money just because he had a good October and November. He’s not in the Manning/Brady/Brees/Rodgers stratosphere. Sure, he was for one week against the Redskins.
August 31st, 2011 at 1:16 PM
Adam Dunn provides a worse example to young athletes that it’s okay to be terrible and still get paid
August 31st, 2011 at 1:17 PM
You wouldn’t say that if Adam Dunn were white, Butters
August 31st, 2011 at 1:18 PM
The Eagles are paying him the market rate for a decent QB, not Manning, Rivers, or Brady. Those guys would get north of $20 million a season right now on a new deal.
So even though I disagree with your evaluation of Vick as a player, that’s almost irrelevant because you’re off about what an elite QB is worth right now.
August 31st, 2011 at 1:19 PM
I might be the biggest animal lover on the planet and even I can’t hate on Michael Vick getting paid. We have to put things in perspective. I think Leonard Little is a much bigger sack of shit than Michael Vick yet he didn’t get a punishment nearly as bad as Vick’s.
I do think it would be in his best interest to make a sizable donation to the Humane Society.
August 31st, 2011 at 1:20 PM
this paints the wrong picture for young athletes, whether you think athletes are role models or not
1. Who ever had a role model anyways?
2. No one would credit the dog fighting to the $100 million
3. He would be one of the richest athletes in the world if he hadn’t fought dogs.
August 31st, 2011 at 1:20 PM
The White Mike Vick would make the $100 million.
/Racist ESPN-The Magazine
August 31st, 2011 at 1:21 PM
Bigger pieces of shit than Vick – Ray Murda, Donte Stallworth.
Killing a human or covering up killing a human > killing dogs
August 31st, 2011 at 1:21 PM
Well shit, the Saints were a missed Garrett Hartley kick against the Falcons from home field advantage for the second year in a row. Maybe we should break the bank for him too.
August 31st, 2011 at 1:24 PM
This is how it should have read
August 31st, 2011 at 1:24 PM
That’s God’s Linebacker your talking about
August 31st, 2011 at 1:24 PM
3. He would be one of the richest athletes in the world if he hadn’t fought dogs.
and what does that tell you about vick?
August 31st, 2011 at 1:25 PM
Michael Vick molests collies.
August 31st, 2011 at 1:26 PM
That he’s black?
/veal
August 31st, 2011 at 1:29 PM
Dominican Vick definitely cock fights.
/joke has probably been made many times before
August 31st, 2011 at 1:33 PM
I hear that Jemele Hill has quite the unique and surprising take on this.
Oh, never mind.
August 31st, 2011 at 1:46 PM
ugh. horrible.
August 31st, 2011 at 1:55 PM
“When Tim Tebow bowls over a couple of defensive players for a touchdown in a meaningless preseason game, it’s considered a display of his toughness and leadership. But when Vick launches himself at Troy Polamalu after throwing a costly interception, it’s considered risky and stupid.”
Apparently she forgot that Vick is far more valuable to his team than Tebow and Vick being injured would be catastrophic for the Eagles. Also, Vick is older and has previous injuries. But whatever, I guess it’s totally a black and white thing.
August 31st, 2011 at 2:05 PM
i thought h-backs are supposed to hit people.
August 31st, 2011 at 2:10 PM
I’m jarred that people would actually think Michael Vick would be the QB for the eagles at the age of 37.
August 31st, 2011 at 2:27 PM
or invest in a defense that can tackle and beat a below .500 team on the road in the playoffs.
August 31st, 2011 at 3:00 PM
Wait, what? Manning just signed his deal.
August 31st, 2011 at 3:04 PM
why not? he’ll still have that howitzer when he’s that old and will be less prone to move out of the pocket.
September 1st, 2011 at 10:13 AM
Amazing that they dont force media outlets to just report the bonus and not the BS total. Should be policy.