As Michael Vick is released from prison and looks to pick up the pieces of his life, he's got a lot of financial trouble to deal with. If things go as Vick plans, however, he won't be in that pickle for long. According to The Atlanta Journal-Constitution, Vick has filed papers with a bankruptcy court where he claims he'll be raking in upwards of $10 million a season in the NFL. Now, assuming Roger Goodell reinstates Vick, and a team is willing to roll the dice on a man who has an awful public image and hasn't played football for three years, how in God's name does he think he's getting $10 million a year?
Do you know who didn't make $10 million in 2008? Tom Brady. Drew Brees. Donovan McNabb. Kurt Warner. Eli Manning. Philip Rivers.
Yeah, the list goes on and on. The only quarterbacks who made eight figures in 2008 base salary were Peyton Manning and Brett Favre. Vick hasn't even had a quarterback rating north of 80 since 2002. Needless to say, Vick ain't making that much a season for the rest of his career.
The problem in this whole mess is Vick's planning.
The embattled Atlanta Falcons quarterback is hoping to earn as much as $10 million a year or more, according to court filings in his bankruptcy case. Under the plan he submitted to the court, Vick would keep the first $750,000 of his annual income over the next five years. After that, a percentage would go to his creditors based on a sliding scale.Look, I know he got used to an upscale way of life his first time through the league, but things are different now. He's a convicted felon. He's older. He owes way too much money to different creditors. And he's planning on keeping $750,000 for himself every year? C'mon.
He's gonna have to swallow a bit more of his pride and "settle" for only about $200,000 a year. This would enable him to pay off his debts in a realistic and legal fashion, all the while maintaining an income most Americans will never reach. Can't someone talk some sense into him after all he's already been through? Making six figures is a very nice living.
Instead, he's thinking he gets eight figures? He's either delusional or lying to the courts. That's simply not happening. Here I was hoping prison straightened him out.




