Michael Vick And Philadelphia Eagles Restructure Deal For 2013

December 30, 2012; East Rutherford, NJ, USA; Philadelphia Eagles quarterback Michael Vick (7) throws an incomplete pass to Philadelphia Eagles running back LeSean McCoy (25) during the first quarter of an NFL game at MetLife Stadium. Mandatory Credit: Brad Penner-USA TODAY Sports

The speculation surrounding Michael Vick’s future with the Philadelphia Eagles has come to an end. The Eagles have restructured Vick’s contract, originally set to go through 2016, as a one year deal according to Adam Schefter. That deal is set to be worth $10 million for next season.

Many thought that the Eagles would cut Michael Vick before February 6th, on that day Michael Vick was guaranteed $3 million for the next season. Had they cut the quarterback the Eagles would be left with only Nick Foles at the quarterback.

But the Eagles ultimately decided to stick with Vick as Adam Schefter reported one tweet at a time.

Biggest off-season QB domino already has fallen: Eagles have re-signed Michael Vick to a one-year deal for 2013 season.

— Adam Schefter (@AdamSchefter) February 11, 2013

Michael Vick and the Eagles needed each other for 2013. It’s a win-win. They succeed, they stay together. They don’t they break up.

— Adam Schefter (@AdamSchefter) February 11, 2013

Eagles QB Michael Vick signed a one-year deal that could be worth up to $10 million.

— Adam Schefter (@AdamSchefter) February 11, 2013

And now, with Michael Vick re-signing, the crop of free-agent QBs becomes even smaller, giving SF more leverage to trade Alex Smith.

— Adam Schefter (@AdamSchefter) February 11, 2013

He is right, that makes Alex Smith all the more valuable to a franchise looking for a quick solution at quarterback.