In one of the riskier moves by any team this NFL offseason, the Philadelphia Eagles signed free agent quarterback Michael Vick to a one-year, $1.6 million deal with a $5.2 million team option for 2010.

Bet 2010 Super Bowl Odds

Vick's agent, Joel Segal, confirmed Thursday that the sides had a deal.

Vick has not played in the NFL since 2006. The former Atlanta Falcons star was convicted in August 2007 of conspiracy and running a dogfighting operation, and was sentenced to 23 months in federal prison. He also was suspended indefinitely by the NFL.
NFL commissioner Roger Goodell conditionally lifted Vick's suspension on July 27, allowing him to sign with a team.

While Vick isn’t expected to replace Donovan McNabb as the Eagles’ starting quarterback, he will provide a decent backup and an option in the “Wildcat” formation. If the move doesn’t pan out, at least the Eagles would only be on the hook for one season.

Philadelphia has now had a pretty productive offseason, first trading for Pro Bowl offensive tackle Jason Peters, drafting Jeremy Maclin and LeSean “Shady” McCoy in April, and now signing Vick. The Eagles are certainly stocking their roster with talent.

Oddsmakers from online sports book have made the Eagles 10/1 mid-range favorites to win Super Bowl XLIV. Philadelphia is also 5/1 to win the NFC Championship.

Bet 2010 Super Bowl Odds

Posted: 8/14/09 7:20PM ET