<div class='quotetop'>QUOTE </div><div class='quotemain'>RICHMOND, Va. -- Imprisoned quarterback Michael Vick filed for bankruptcy protection while serving time for federal dogfighting charges, saying he owes between $10 million and $50 million to creditors. Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday. The seven largest creditors listed in the court papers are owed a total of about $12.8 million. The suspended Atlanta Falcons quarterback hopes he "can, after the conclusion of the bankruptcy case, rebuild his life on a personal and spiritual level, resurrect his image as a public figure, and resolve matters with the NFL such that he can resume his career," according to the filings. Vick is serving a 23-month prison sentence at the U.S. Penitentiary in Leavenworth, Kan., after pleading guilty last year to bankrolling a dogfighting ring. He was subsequently suspended indefinitely without pay and lost all of his major sponsors, including Nike. He also faces state charges related to dogfighting. The debt includes part of a signing bonus that the Falcons are seeking to recover. After the plea on dogfighting charges, the Falcons tried to recover about $20 million in bonuses Vick earned from 2004 to 2007. But a federal judge held that Vick is entitled to keep all but $3.75 million of the money paid to him for playing football through the 2014 season. According to the filings, Vick's other debts include $4.5 million owed to Richmond-based Joel Enterprises Inc. In May, a federal judge ordered Vick to repay about $2.5 million to a Canadian bank for defaulting on a loan. The Royal Bank of Canada had sued Vick in September, arguing his guilty plea to a federal dogfighting charge -- and the resulting impact on his career -- prevented him from repaying the loan. A default judgment for $1.08 million also was entered in January against Vick and a business partner in a lawsuit brought by Wachovia Bank over a loan for an Atlanta-area wine shop and restaurant. Copyright 2008 by The Associated Press</div> http://sports.espn.go.com/nfl/news/story?id=3477573
Man, this guy's life is going down the drain. Does anybody think he'll get on another NFL team when he's done in jail?
It could go either way. I could see the NFL blackballing him. And I could see a team taking a chance on him for a mininum salary. But I wonder if he'd be moved to like a scatback type of role....simply because 2 years or so out of the NFL and playing QB might be too much.
It looks like he will be working for McDonalds when he gets out. I dont know any team that wants to touch Mike Vick, he would turn more fans away than take in. I dont even know if the AFL would take him in. Maybe he can make a life fighting in the UFC.
<div class='quotetop'>QUOTE (CelticKing @ Jul 8 2008, 01:17 PM) <{POST_SNAPBACK}></div><div class='quotemain'>How long is he in jail for?</div> Not much longer, though I thought with Bankruptcy he could save some of his property (the way OJ evaded paying some of the money he owed in the civil trial). I'm no lawyer though, I don't know all the details. Vick's autograph will probably always be worth something, McDonalds is hardly an option for him.
<div class='quotetop'>QUOTE (Vintage @ Jul 8 2008, 12:44 PM) <{POST_SNAPBACK}></div><div class='quotemain'>It could go either way. I could see the NFL blackballing him. And I could see a team taking a chance on him for a mininum salary. But I wonder if he'd be moved to like a scatback type of role....simply because 2 years or so out of the NFL and playing QB might be too much.</div> Playing QB was too much for Michael Vick before he went to jail. Vick should have been playing HB/WR for the Falcons and that's what he should attempt when he comes back.
