Archive for August 30th, 2011
The Micheal Vick story makes yet another dramatic turn. This time, hopefully, it will be for good. The 31-year-old, 6-feet tall, 215lb quarterback began his successful professional career with the Atlanta Falcons. Hoping the Vick not only can repeat his great performance for last season, but actually could become its franchise player, Philadelphia Eagles agreed on a six-year, $100 million, contract on Monday that again makes the Pro Bowl quarterback one of the highest-paid players in the NFL.
Vick was selected first in the 2001 NFL Draft by the Atlanta Falcons, and would slowly but steadily work his way into the prominent position he once held at the Falcons. In 2003, Michael Vick was named the Best NFL Player during the ESPY Award. He was part of the Pro Bowl selection in the 2002, 2004, 2005 seasons. Things were working fairly well for the talented quarterback but soon enough it was all going to change. In April 2007, Vick was implicated in an illegal interstate dog-fighting ring. The federal investigation linked him with an illegal dog-fighting ring that had operated over five years in different cities in southeastern states. In August 2007, Vick pleaded guilty to federal felony charges and served 21 months in prison, followed by two months in home confinement
During his incarceration, Vick’s financial condition went down the toilet. Soon enough he came to realize that he no income because all of his money came from either endorsements or his salary as a professional NFL player. It doesn’t takes a makerketing specialist to know that there is no way a brand would endorse a public figure who had been involved in such heinous crime. Considering that he was getting no profits and that he had to deal with substantial expenses for attorneys, plus and effort to maintaining at least six luxury homes in Virginia, Georgia, and Florida, Michael Vick knew that something had to be done.
Not only did he have to pay for his legal council behind bars, before his incarceration began he had provided living expenses and about ten vehicles for friends and relatives. Soon enough Vick found himself head deep in debts millions of dollars in excess of his assets. His attorneys filed for federal bankruptcy protection under Chapter 11 on Vicks behalf in July 2008. With this new signing, Vick is finally going to be able to start paying off his debt.
This could had been a very different story. At least financially, it could had been quite a different story. Truth is that Vick signed a $130 million, 10-year deal in 2005 with the Atlanta Falcons. That salary made him the top-paid player in the league. But Vick lost it all when he went to jail and he eventually filed for bankruptcy.
He’s come a long way, and so far, every bit of his comeback has been quite succesful. Michael Vick wasn’t returning to Atlanta after he was released from prison. It was the Philadelphia Eagles who gave him a chance. After playing backup first to Kevin Kolb and later on to Donovan McNabb, Michael Vick kept on working hard and soon enough he was back as the starting quarterback of the Eagles. Vick finished the 2010 season passing for 3,018 yards, 21 touchdowns and six interceptions with a passer rating of 100.2. He had 100 carries for 676 yards and nine touchdowns.