Vick Sacked for a 20 Million Dollar Loss
Boy, fighting dogs can sure be exciting, especially if your whole bank account is on the line. Now Vick has to repay a $20 Million bonus to the Atlanta Falcons. Maybe the Falcons can use that money to buy a quarterback that doesn’t suck or isn’t a lowlife criminal.
From the AP here:
The Atlanta Falcons are entitled to recover nearly $20 million in bonus money paid to disgraced quarterback Michael Vick, an arbitrator ruled Tuesday.
The Falcons argued that Vick, who pleaded guilty to federal charges for his role in a long-running dogfighting operation, knew he was in violation of the contract when he signed a $130 million deal in December 2004.
The team said he used proceeds from the contract to fund his illicit activities and sought the repayment of $19,970,000 in bonuses he was paid over the last three years.
Any money the Falcons recover from Vick would be credited to its future salary cap, a huge step in recovering from the loss of the team’s franchise player. Atlanta (1-4) is off to a dismal start with Joey Harrington at quarterback.
And the 49 remaining dogs that Vick didn’t get around to killing? They are going to be put up for adoption or used for police or military purposes. All except one which is so mean it has to be put down.
I heard at least 2 banks are suing Vick for unpaid loans so all they may get back are 20 of those $1-Million bills. If his financial managers are as good as his lawyers…he’s broke.
Hey Gregory,
I have a sneaky suspicion that Vick is quickly reaching the end of his financial tether. And I also find it hard to believe that he did something sensible with his money. I just can’t see Vick accepting advice from anyone, given his personal debacles. I mean, didn’t anyone tell him, Hey, Mike, this dog fighting thing might not be a good idea?
I can just see him taking the advice of his thug friends and leaving his cash piled in a brown paper bag underneath a Glock. Cause Gangstas don’t invest! They Spend!