Michael Vick‘s six-year, $100 million contract will void to a five-year, $80 million deal if he meets minor playing-time requirements in any of the first five seasons, which, barring catastrophic injury, he will, according to league sources.
Vick will earn $20 million in the first year of the contract — he was previously on a $16 million franchise tag — according to the source, and $48 million over the first three years of the deal. The deal includes $36 million in guaranteed money.
Of that guaranteed portion, $33 million is tied to the first two years of the deal. Only $3 million of the guaranteed total comes with the stipulation that Vick is on the Eagles’ roster in February of 2013, for the start of that season.
Vick’s annual salary breaks down as follows:
2011 – $10 million (plus $3 million roster bonus and $7 million signing bonus)
2012 – $12.5 million
2013 – $15.5 million
2014- $15 million (plus $3 million roster bonus)
2015 – $14.5 million (plus $2 million roster bonus)
2016 – $20 million (but will likely be voided)