Michael Vick signs franchise tender for next season, if there is one
Michael Vick received the after the 2010 NFL season concluded. Now, he stands to receive a raise of approximately $15 million.
On Wednesday, the AP Comeback Player of the Year , in essence a one-year contract worth $20 million. The franchise tag on Vick precludes him from becoming a free agent, allowing the Eagles to keep him for at least one more year and possibly negotiate a long-term deal.
Under the rules of the NFL's current collective bargaining agreement, by placing the franchise tag on Vick, the the average of the top five salaries at his position.
The current CBA expires at midnight Thursday.
NFL owners and the players union Wednesday in Washington, D.C., trying to come up with a new CBA before the Thursday deadline.
If a new agreement can't be reached, the threat of a player lockout looms over the sport, which could threaten the 2011 season. At stake? What else - .
There is a chance the could be extended, if talks look promising.
