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Philadelphia Eagles Restructure QB Michael Vick’s Contract

Rich Schultz/Getty Images(PHILADELPHIA) -- Quarterback Michael Vick and the Philadelphia Eagles agreed to a new contract for the 2013 season on Monday.  The pact could be worth as much as $10 million, according to the Philadelphia Inquirer.

The deal -- effectively a one year deal -- replaces the six-year, $100 million contract the four-time Pro Bowler signed with the Eagles in 2011.

“I looked at his skills set first and foremost, and what he can do and how he can throw the football, how he can beat people with his feet, there is a lot of different factors he has,” Eagles head coach Chip Kelly said.  “You also have to look at what the landscape is out there for other quarterbacks.”

In 10 games with Philadelphia last season, Vick tossed for 2,362 yards with 12 touchdowns and 10 interceptions. He also rushed for 332 yards and a touchdown on 62 carries.

The Eagles finished in last place in the NFC East in 2012 with a 4-12 record.

Copyright 2013 ABC News Radio

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