This just hit the Virginian Pilot's website a short while ago(http://content.hamptonroads.com/story.cfm?story=130378&ran=147795&tref=po):
Federal prosecutors have offered Atlanta Falcons quarterback Michael Vick a plea deal that would recommend he serve at least one year in prison on a felony dogfighting conspiracy charge, according to two sources with knowledge of the discussions.
Vick has until 9 a.m. Friday to accept the offer or potentially face additional charges when a grand jury convenes next week in U.S. District Court in Richmond, one of the sources said. At least two of Vick’s attorneys have been discussing a plea bargain with prosecutors since early this week, the source said.
Two co-defendants are scheduled to appear in court Friday morning where they are expected to enter guilty pleas. Quanis L. Phillips, a friend of Vick’s since middle school and a high school football teammate of his, has a plea agreement hearing set to begin at 9 a.m. Friday. That is to be followed by a plea agreement hearing for a second co-defendant, Purnell A. Peace.
The third co-defendant in the case, Tony Taylor, plead guilty and accepted a plea deal last month. His sentencing is set for Dec. 14.