Mike Vick's 6-year, $100 million contract with $40 million guaranteed sets the Eagles up at quarterback for three years and gives them the flexibility to redo the contract of wide receiver DeSean Jackson, who has been waiting 
patiently.

Vick didn't handle the last mega-bucks contract he got from the Falcons real well, so rest assured it's an Eagles-type extension full of roster bonuses and other monies the quarterback earns only if he's still a member of the squad. There also are bankruptcy issues involved with Vick. The Eagles privately have handed out almost $225 million in contacts in the span of four weeks.

Eagles head coach Andy Reid and Vick are slated to address the contract at 2:30 p.m. Tuesday.

"I'm very happy we were able to reach an agreement with Michael on this long-term contract," Reid said in a statement. "It's a product of all the hard work Michael has done to better himself over the last couple of years both on and off the field. I'm very proud that he has been able to achieve success again in this league. But he'll be the first one to tell you that there is a lot of work yet to be done by him and this team as a whole. And there's no doubt in my mind that he will continue on that path. I give a lot of credit to Joe Banner and Joel Segal for getting this deal done."