Mark Sanchez is set to sign a new deal with the Philadelphia Eagles after being released last week by the New York Jets.

As we know, the Jets signed former Eagles starter Michael Vick to a one-year $5 Million deal last week and he'll compete for the starting job with Geno Smith.

Sanchez, who spent 5 seasons with the Jets, lost his starting quarterback position to Smith in 2013 and will more than likely back up Nick Foles in Philly in 2014.