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this is a discussion within the NFL Community Forum; http://www.ajc.com/sports/content/sp...oney_1211.html 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 ...
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12-12-2007, 10:38 AM | #1 |
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Join Date: Jan 2005
Location: New Orleans
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Vick's money losses
http://www.ajc.com/sports/content/sp...oney_1211.html
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. Total: $141,898,073 Note: Vick has been sued by three banks for alleged defaults on a total of $5.8 million in loans. — Compiled by Tim Tucker Ouch. |
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