NFL.com's Ian Rapoport reported Wednesday, via an Eagles source, that Vick has been informed he will not be released before a Wednesday deadline that calls for a $3 million roster bonus for Vick if he remains on the team.
Vick still was on the Eagles' roster at the close of the NFL business day Wednesday.
So now the Eagles have until March 12 (the start of free agency) to make a decision. Vick will attract interest on the open market, and the Eagles will be off the hook financially as long as Vick's new team pays him at least $3 million as Vick's contract contains offset language, according to Rapoport. Vick won't get another $100 million deal, but he will get that.
"There's no real urgency on our part to do something this minute," an Eagles source told Rapoport.
It remains to be seen if Vick would be willing to renegotiate his $15.5 million salary in 2013, or if the Eagles would even be interested. Vick is a hypothetical fit in Chip Kelly's world, but injuries and back-to-back rough seasons might dictate a change in scenery for the 32-year-old quarterback.
Another name on the Eagles' radar is Dennis Dixon, who just finished a season as a scout team quarterback for the Super Bowl champion Baltimore Ravens and played under Kelly at Oregon. Dixon's agent told The Baltimore Sun that the Eagles are in talks about a potential deal.
Follow Dan Hanzus on Twitter @DanHanzus.