Tag Archive: mike vick

Feb 25

Jets Look to Restructure Contract of Santonio Holmes

Categories:

Renegotiations

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I already had plenty written on this possibility about a month ago over on Nyjetscap, but I thought it might be worth outlining here as well since Adam Schefter did confirm that the Jets are looking to restructure the contract of WR Santonio Holmes.

Holmes is set to earn $11.25 million in cash payments in 2013 under the terms of his current contract and count for a whopping $12.5 million against the teams salary cap. Since signing his $45 million dollar contract in 2011 Holmes has been ineffective and a perceived locker room cancer before suffering an injury in … Read the rest

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Feb 12

Pro Football Talk Sheds More Light on Vicks New Contract

Categories:

Contracts, Salary cap

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Mike Florio of Pro Football Talk breaks down the particulars of Mike Vick’s new contract in his latest posting over at PFT. According to Florio Vick will receive

$3.5 million in base salary, $3.5 million as a signing bonus and a slew of incentives to max the contract out at $10 million. The easiest to achieve is the $500,000 in gameday active roster bonuses and the most difficult a $1 million dollar bonus if the Eagles win the Super Bowl and Vick sees significant playing time. Since Vick was active for 10 games last season his 2013 cap will reflect … Read the rest

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Feb 11

Mike Vick Restructures Contract

Categories:

Contracts, Salary cap

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Jeff McClane of the Philly Inquirer I believe was the first to report  that the Eagles and QB Michael Vick agreed to terms on a new contract that should drastically reduce Vick’s salary and cap charges in 2013. The contract is technically a 3 year contract that will void to one season on March 15 of 2014 according to McClane.

The reason for such a structure is to likely protect the Eagles from acceleration of prorated money from his prior contract. A pure 1 year contract would see $2.8 million in old prorated money immediate hit the 2013 salary … Read the rest

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Feb 09

An Offseason Look at the Philadelphia Eagles

Categories:

Offseason Overviews

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After slogging around the AFC for a few days we finally move onto the NFC where the Philadelphia Eagles surprisingly ended up with the worst record in the conference. I will say this for the Eagles. I think for years that they have been one of the best run franchises from a salary cap perspective. They are a tremendous organization in that respect, but I think in the last few years there has been a shift on the personnel side to be far more splashy. It has not hurt their cap one bit, but there is a reason why the … Read the rest

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Feb 07

Wrapping up Today’s News- Bradshaw, Canty, and Bell Released; Vick Survives

Categories:

Uncategorized

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While it has not yet reached a frantic pace of moves just yet its become apparent that the Lions and Giants are the most proactive teams in releasing players. The Lions have cut three players and now the Giants join them with the release of DT Chris Canty and RB Ahmad Bradshaw earlier this afternoon. The release of Canty saves the Giants $6.5 million in both cash and cap dollars while moving on from Bradshaw creates $2.75 million in additional cap room for the team while saving them $4 million in real dollars. Both releases were a bit different from … Read the rest

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Nov 06

Looking Closer at Mike Vick…

Categories:

Contracts

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After another terrible performance Monday night Michael Vick in a position where he will likely be released at seasons end and need to search for a new job. Vick’s current contract with Philadelphia allows the Eagles to part ways with Vick after the seasons end for a small cap charge of just $4.2 million dollars provided he is released as soon as the waiver period begins in February, which represents a cap savings of $12.7 million that can be used to instead bolster the defense or the offensive line.

Vick’s situation goes to show just how unimportant reported values are … Read the rest

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Oct 29

Monday Morning Stock Down

Categories:

Stock Down

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mike vick

Mike Vick- Just an awful season and it gets worse by the day. Another non-200 yard passing performance and a turnover to boot. Vicks re-signing was some overreaction to a small sample of actual games and he has not rewarded the Eagles at all. He has a good chance of being benched as the head coach struggles to save his own job. Vick has no job security with the team right now. He has no cash guarantees left in his contract provided the Eagles release him before the start of the 2013 waiver system in February. His dead cap … Read the rest

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