Vick's money losses
The Atlanta Journal-Constitution
Published on: 12/10/07
A look at the staggering financial losses — totaling an estimated $142 million — incurred by Falcons quarterback Michael Vick:
$71 million: Salary in the final seven seasons of his Falcons contract, which the team is expected to terminate when salary-cap ramifications are resolved.
$50 million: Endorsement income lost over the next decade, according to an estimate by the University of Oregon's Warsaw Sports Marketing Center.
$19.97 million: Previously paid bonuses that an arbitrator has ruled the Falcons can recoup from Vick (a ruling currently being reviewed by U. S. District Judge David Doty in Minneapolis).
$928,073: Funds Vick put into an escrow account, as part of his plea agreement, to fund the care of about 54 pit bulls found on his property.
Note: Vick has been sued by three banks for alleged defaults on a total of $5.8 million in loans.
— Compiled by Tim Tucker
|All times are GMT -5. The time now is 03:23 AM.|
Copyright 1997 - 2013 - BlackandGold.com