Vick signs one-year tender

Sports Network

, Last Updated: 3:26 PM ET

PHILADELPHIA -- The Philadelphia Eagles signed quarterback Michael Vick to a one-year franchise tender contract on Wednesday.

The club placed the franchise tag on Vick February 15, giving the Eagles exclusive negotiating rights.

Under the rules of the expiring collective bargaining agreement, the Comeback Player of the Year will earn a minimum of $16 million for the 2011 season, which is the average of the top five quarterback salaries in the National Football League.

Both sides could also reach a long-term agreement, but that appears unlikely considering the current CBA is set to expire late Thursday night.

Vick passed for 3,018 yards and 21 touchdowns with six interceptions while helping the Eagles to the NFC East title in his first season as an NFL starter since 2006.

The Eagles, who placed the transition tag on kicker David Akers, were unable to reach a contract agreement on Wednesday.

The transition tag requires the Eagles to tender a one-year offer to the 12- year veteran for the average of the 10 highest-paid kickers and punters throughout the NFL.

Akers was 32-for-38 in field goal tries and made all 47 PAT attempts en route to 143 points last season. The Pro Bowl kicker is the all-time franchise leader in games played, points and field goals


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