A four-time Pro Bowl quarterback, Vick has made it back to the top after having his career bottom out. He spent 18 months in federal prison on dogfighting charges and came back to the league as a third stringer with the Eagles in 2009.
Now he is one of the highest paid players in the league with the deal reportedly worth $100 million with $40 million guaranteed.
"I'm very happy we were able to reach an agreement with Michael on this long-term contract," said head coach Andy Reid. "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."
Vick led the Eagles to the NFC East title last season but they lost a home playoff game to the eventual Super Bowl champion Green Bay Packers. Philadelphia is a favorite to win the Super Bowl this season and appears to be primed for a run over the next few years and now those hopes are tied to Vick.
"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," Reid said. "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."
With this new deal, Vick will be under contract with the Eagles through the 2016 season. He was previously playing under the one-year franchise tender.
"I think he's become the ultimate leader of this team," tight end Brent Celek said. "He is our leader. He has taken control of the offense. The things that he can do athletically I think you guys already know that but the off-the-field stuff and the leadership that he has on the field he's really taken over."
Vick led the Eagles to the NFC East title last season in his ninth NFL campaign.
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