The Philadelphia Eagles re-signed Michael Vick on Monday to a one-year deal for the 2013 season, the team announced. Vick could make as much as $10 million next season, a league source told ESPN NFL Insider Adam Schefter.
This contract replaces the six-year, $100 million contract Vick signed in 2011 and he now is scheduled to be a free agent after next season.
"He wanted to be here," new Eagles head coach Chip Kelly said Monday in his first meeting with the media following his opening news conference on Jan. 17. "I had never met him before. The one thing that attracted me to him is Michael is a competitor. Nick is, too. You want guys who want to compete."
In a statement, Vick said he was "grateful and proud" to be with the Eagles.
"My heart is in Philly and this community is important to me. I look forward to playing for Coach Kelly, [owner] Jeffrey Lurie and the entire Eagles organization, the city of Philadelphia and the fans. I am training hard this offseason and will be ready for Coach Kelly's team vision and leadership. Our goal is to win," he said.
Vick, who turns 33 in June, passed for 2,362 yards, 12 touchdowns and 10 interceptions in 10 games last season, his fourth with the Eagles.
The Eagles finished 4-12 and in last place in the NFC East. Andy Reid was fired as coach the day after the season ended, and Kelly was hired last month.
Vick seems equipped to run the aggressive, up-tempo offense that Kelly is bringing to the Eagles from Oregon.
However, Kelly's offense is predicated on designed runs, which Vick has struggled with. Over the last two seasons, he has averaged 6.7 yards per rush on scrambles but just 1.7 yards per rush on designed runs, according to ESPN Stats & Information.
Vick was signed by Philadelphia in 2009, and became the starter in 2010. He led the Eagles to an NFC East title that season and a memorable 38-31 December win over the Giants in which he rallied the team from a 21-point deficit.
There are questions, of course, about his durability and his age, as he now seems far removed from that resurgent 2010 season. He finished that year with 3,018 yards passing, 676 yards rushing and 30 total touchdowns.
"He's younger than (Dallas quarterback) Tony Romo, and he's right about the same age as (Giants quarterback) Eli Manning," Kelly said. "The only reason I say that is because I told Michael that this morning, and he didn't know."
Vick played in only 10 games last season, and in the finale versus the Giants, he had a quarterback rating of just 68.4 en route to a 42-7 loss.
"I looked at the films, and studied the tape. When you look at Michael, it's his toughness. That cannot be overrated at all," Kelly said. "We looked at his skill set. He still has that skill set. He can still throw the football.
"He's got an unbelievable release, and it's our job as coaches to make sure he can get the ball out quickly."
All told, Vick has started 35 games for Philadelphia over the last three seasons. Foles has started six. The Eagles scored just 280 points last season as they endured an eight- and a three-game losing streak. Only Arizona (250) scored fewer in the NFC.
Meanwhile, Vick's Total QBR (ESPN's quarterback rating system) has dropped from 68.0 in 2010 to 46.0 last season. Total QBR is tabulated on a scale of 0 to 100 with 50 being average.
When asked whether Vick or Foles would work with the first-team offense in training camp, Kelly smiled and quickly showed that he'll be able to handle the Philadelphia media just fine.
"We'll go alphabetical," he said with a grin. "First name? Last name? We'll flip a coin."
Information from ESPN NFL Insider Adam Schefter, ESPN Stats & Information and The Associated Press was used in this report.