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| 22nd August, 2007 - 2:27 pm |  New York Daily News - The bill for Michael Vick's role in illegal dogfighting could reach a staggering $100 million in lost future salary, potential repayment of bonuses demanded by the Falcons for defaulting on his contract and endorsement money that is drying up.
Vick will plead guilty to federal dogfighting charges Monday in Richmond, Va. A sentencing date has not been set, but it is anticipated he will spend 12-18 months in prison. NFL commissioner Roger Goodell could then add a year's suspension, meaning Vick's earliest re-entry into the NFL appears to be 2010, assuming a team wants to take on the baggage and negative publicity that will come with signing him.
The grand total for Vick's potential financial losses: $71 million in base salary, as much as $25 million in bonus repayment, depending on the interpretation of roster bonuses in the new collective bargaining agreement and $3 million-$5 million per year in endorsements. [READ] |
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