Michael Vick talked to Mike & Mike this morning about his decision to restructure his contract to stay in Philadelphia.

“Initially I weighed my options,” said Vick. “The city of Philadelphia has been great to me, the organization has been great. I’ve enjoyed my ride there, my experience. It was pretty much all up in the air. It was my decision, it was at my discretion. It was also at their discretion. Overall you have to look at what really works and what makes you comfortable, and I felt as if coming back made me feel comfortable. Meeting with Chip [Kelly] for the first time, I felt as if we can make it work if we had the opportunity to work together. It was a whole array of things that brought me back.”

Kelly sounded like he wants Vick to be part of the quarterback equation for the 2013 season, though Vick’s new one-year deal does offer the Eagles some flexibility.

The Michael Vick news stole the show Monday. On the day Chip Kelly‘s much-discussed coaching staff was put on display, the mind kept going back to Vick and the fact that he would almost certainly be part of the quarterback equation in Philadelphia for another season after restructuring his contract.

“I am grateful and proud to be a Philadelphia Eagle. My heart is in Philly and this community is important to me,” said Vick in a statement. “I look forward to playing for Coach Kelly, Jeffrey Lurie and the entire Eagles organization, the city of Philadelphia and the fans. I am training hard this offseason and will be ready for Coach Kelly’s team vision and leadership. Our goal is to win.”

So, how did we get here?

It looks like Michael Vick is sticking around, at least for one more year.

The team announced late Monday morning that Vick has agreed to restructure his contract. For all intents and purposes it is a one-year deal. Because of certain provisions in the salary cap and Collective Bargaining Agreement, it was set up as a three-year deal. However, the last two years void on March 15.

The quarterback was scheduled to make $15.5 million in 2013. According to reports, Vick can now make up to $10 million this season.