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, according to a league source.
This contract replaces the long-term contract Vick had signed in 2011 and he now is scheduled to be a free agent after next season.
But this season he will quarterback new coach Chip Kelly's offense. Kelly will address the media at a news conference later Tuesday.
"I feel like this is the perfect situation for me. After talking with Chip and looking at the offense, I wanted to be here," Vick told Yahoo! Sports.
He was scheduled to make $15.5 million in base salary in 2013 under the six-year, $100 million extension he signed with the team in 2011.
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.
Vick was injured and inconsistent last season, eventually giving way to rookie Nick Foles. Vick returned to start the season finale vs. the New York Giants in December because Foles was injured.
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 Kelly's aggressive, up-tempo offense that he is bringing to the Eagles from Oregon.
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