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Michael Vick signs one-year deal with the Eagles

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Michael Vick will remain with the Eagles for another year.

The quarterback, who had been rumored to be on his way out, signed a one-year deal that replaces the the six-year, $100 million contract Vick had signed in 2011, according to ESPN.

Vick will become a free agent after next season.

New coach Chip Kelly said Vick and quarterback Nick Foles will compete for the starting job in training camp.

Read more at ESPN.