According to Andrew Brandt of ESPN and NationalFootballPost.com, the Eagles and Vick have come to terms on a six-year, $100 million contract. According to ESPN's Adam Schefter, the new deal will give Vick a guaranteed $40 million.
Vick signed a franchise tender with Philadelphia in March. That deal ensured that the quarterback would make $16 million this season. By signing a new contract now, though, Vick likely allows the Eagles to restructure some of their money to help ensure they are under the salary cap.