The Philadelphia Eagles and Michael Vick agreed to a one-year deal for the 2013 season, the team announced Monday.

The contract replaces the long term contract the wide receiver signed in 2011 and he is now scheduled to be a free agent after next season.

"I feel like this is the perfect situation for me. After talking with Chip and looking at the offense, I wanted to be here," Vick said in a statement.

Vick will be forced to take a huge pay cut from his previous $15.5 million salary and could make as much as $10 million in the 2013 playing season. The 32-year-old who was injured and inconsistent last season gave way to rookie Nick Foles, who now has a three-year contract. Vick will have to compete with Foles to determine who will run new coach Chip Kelly's offense in the 2013 season.

"I'm going to look at everybody," Kelly said. "If you can throw the ball and run, I'm going to take you out there. We're going to look at everything we can do to put the best product on the field and that's what it's all about. I've followed Michael's career and I understand what a talent he is. But there's nothing that's off the board right now."

Vick, who returned to start the season finale versus the New York Giants in December 2012 because Foles was injured, topped the 2012 season with 2,362 yards passing, 12 touchdowns and 10 interceptions. The Eagles (4-12) finished last place in the NFC East.

Vick was signed by Philadelphia in 2009 and became the starter in 2010. He started more than 30 games for Philadelphia over the last three seasons while Foles started six. The Eagles only scored 280 points in the 2012 season as they suffered an eight and a three-game losing streak.

"Our sole focus and goal is that we're going to put an offense on the field that's going to score points,'' Kelly said. "That's basically what we're going to do and whoever that is, I don't know that. There's nobody ruled in, there's nobody ruled out.''