Per NFL Network's Ian Rapoport, the Falcons announced they would honor Vick and White on Monday, with team owner Arthur Blank adding he considers them to be "part of the family.”
Per the team's official website, Vick and White will not sign a contract or take up a roster spot to acknowledge their retirement with the Falcons.
“We do not need a contract in place to consider them a part of our family and honor their decision to retire as a Falcon,” Blank told the website.
Vick played six seasons with the Falcons, who traded up four spots to draft him No. 1 overall in 2001. He made three of his four Pro Bowl appearances as a member of the franchise and led the 2004 team to the NFC Championship Game.
White spent his entire 11-year career with the Falcons. He was drafted 27th overall by the franchise in 2005 and is the Falcons' all-time leader in receptions (808), receiving yards (10,863) and 1,000-yard seasons (six).