The Facts: According to ESPN's Adam Schefter, the Jets have signed Vick to a one-year deal. The deal is worth $5 million.

Diehards Line: The news, which has been independently confirmed by Profootballtalk.com, comes right after the Jets announced the release of Mark Sanchez. And now Vick will compete with Geno Smith for the starting job. Remember: Vick has considerable experience in current Jets OC Marty Mornhinweg's offense (Mornhinweg was previously the Eagles OC). For fantasy football owners, Vick immediately becomes a player worth watching -- assuming he beats out Smith. ... Stay tuned. More to come on this one.