Vick will not be eligible to play when the regular season but he can play in the final two preseason games. Commissioner Roger Goodell will re-evaluate Vick's status for regular-season games by Week 6 His eligibility will be based on him following the NFL's guidelines that will oversee his off-field life, including his finances and personal relationships.

Former Colts coach Tony Dungy will serve as a mentor to Vick, who last Monday finished a 20-month sentence for a federal dogfighting conviction, during the conditional reinstatement.

Vick is free to sign with any club. Vick is eligible to participate in any team activities other than games before Week 6, although the NFL will develop specific guidelines governing Vick.

"I would like to express my sincere gratitude and appreciation to commissioner Goodell for allowing me to be readmitted to the National Football League," Vick said. "I fully understand that playing football in the NFL is a privilege, not a right, and I am truly thankful for the opportunity I have been given."As you can imagine, the last two years have given me time to re-evaluate my life, mature as an individual and fully understand the terrible mistakes I have made in the past and what type of life I must lead moving forward."