12-11-2007, 10:41 AM
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Everything we do is dictated by motive
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Join Date: Apr 2004
Posts: 31,337
Points: 253,682.83
Bank: 15,326.14
Total Points: 269,008.97
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Dispatch
Quote:
Vick's financial hit
Tuesday, December 11, 2007 3:08 AM
A look at the staggering financial losses, approaching an estimated $142 million, incurred by Falcons quarterback Michael Vick:
Salary $71 MILLION
? In the final seven seasons of his Falcons contract, which the team is expected to terminate when salary-cap ramifications are resolved
Endorsements $50 MILLION
? Lost in the next 10 years, according to an estimate by the University of Oregon's Warsaw Sports Marketing Center
Lost bonuses $19.97 MILLION
? Previously paid bonuses that an arbitrator has ruled the Falcons can recoup from Vick, though the ruling is being reviewed by a U.S. District Judge in Minneapolis
Escrow $928,073
? Funds that Vick put into an escrow account as part of his plea agreement for the care of about 54 pit bulls found on his property
? Note: Vick also has been sued by three banks for alleged defaults on a total of $5.8 million in loans
-- Atlanta Journal-Constitution
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