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VIA MSNBC:

NEW YORK – Michael Vick was reinstated by NFL commissioner Roger Goodell on Monday and could play in regular season games as early as October.

Vick can immediately 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. A number of teams have already said they would not.

“Needless to say, your margin for error is extremely limited,” Goodell said in a letter to Vick. “I urge you to take full advantage of the resources available to support you and to dedicate yourself to rebuilding your life and your career. If you do this, the NFL will support you.”

Goodell suspended Vick indefinitely in August 2007 after the former Atlanta Falcons quarterback admitted bankrolling the “Bad Newz Kennels” dogfighting operation. Goodell said then that Vick must show remorse and signs that he has changed before he would consider reinstating him.

Once the season begins, Vick may participate in all team activities except games, and Goodell said he would consider Vick for full reinstatement by Week 6 (Oct. 18-19).

Goodell called a news conference for late Monday afternoon.

Read more here.