Initial reports of quarterback Michael Vick’s contract were valued at approximately $10 million, but it’s very unlikely the 32-year-old will earn the maximum value of the deal.
Vick’s deal will net him a $3.5 million signing bonus, a $3.5 million base salary, and $500,000 in roster bonuses. It’s very likely that Vick will earn that combined $7.5 million next season. As for the remainder of his potential earnings? Well, that won’t be quite so easy.
Vick will need to play in 90 percent of the team’s snaps next season to hit a $1.5 million escalator bonus and win the Super Bowl to cash in on the remaining $1 million.
The team could, of course, cut Vick prior the season which means he’d earn $3.5 simply for showing up to training camp, but such a move seems unlikely.
I have to tell you–I’m hoping the man cashes in on every last cent of the deal.