NFL takes Vick back

(NBC) - Michael Vick is getting a second chance. NFL Commissioner Roger Goodell has reinstated the former Atlanta Falcons quarterback, but with conditions.

"I was interested in Michael as an individual and what we could do to help re-establish his life," said Commissioner Goodell.

Vick will be allowed participate in preseason practices, workouts and meetings and can play in the final two preseason games, if he can find a team that will sign him.

The athlete had been suspended indefinitely since August 2007 after pleading guilty to federal charges related to an interstate dog fighting operation. Vick was released from federal custody last week.

"We all want to recognize that the conduct that Michael engaged in was not only horrific but it was cruel," Goodell said.

In a written statement, Vick said, "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."

"I accept his apology, I understand," said Goodell.

In the coming weeks, the commissioner said he'll evaluate Vick's progress based on reports from outside professionals, his probation officer and others charged with supervising his activities.

Full reinstatement he said, could come by October 18th, week six of regular season play.