Already facing prison time, disgraced quarterback Michael Vick lost the first round in his financial battle with the Atlanta Falcons when an arbitrator ruled Tuesday that Vick should repay much of the bonus money he got after signing his most recent contract. The Falcons argued that Vick, who pleaded guilty to federal charges for his role in the long-running operation, knew he was in violation of the contract when he signed a 10-year, $130 million deal in December 2004. The team said he used proceeds from the contract to fund his illicit activities and sought the repayment of $19,970,000 in bonuses he was paid over the last three years. The case is far from over. The players' union said it will appeal the ruling.
With the ridiculous amounts of cash Vick has already lost from his sponsorship deals , having to cough up another $20 Million is worse than a dog bite to the nads. Lucky for him, his pending time in the slammer is turning out to be a blessing in diguise. Sure the nightly anal rapings in the shower can't be pleasant, but at least his room and board for the next year won't do further damage on his pocketbook.
Thursday, October 11, 2007
Vick still paying the price
Posted by Alllegionoflegit at 10/11/2007
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