Michael Vick SOL and out of $24 million Plus

Posted on October 13, 2007
Filed Under Major Developments |

michael-vick-in-high-school We’ve all talked about how Michael Vick seemed to waste over a hundred million in potential earnings and contracts.  Potential earnings, even though they could have been real are still just potential.  Its one thing to lose your potential earnings.

Hey Joe, “It’s been a bad year for GM this year and we are going to cut the pay raise we were thinking about giving you next year.”

Joe, “Well that sucks, but I never had it to begin with.  Guess, the writing is on the wall, and I need to find myself a job with more stability or start my own company as there are millions of people from China gunning for my job at 5% of my own salary and this company hasn’t been able to get it together since the sixties.”

Its another thing to lose money out of your bank account.

Hey Joe, “Its been a bad year at Ford.  We lost $12 billion dollars and we are going to garnish back $20,000 direct deposit out of your bank account, your 401k, your kids college fund, your credit card, or your home equity, in that order.”

Joe, “YOU Sons of ****es, You can’t take my money!”

You get the picture.  :) 

Michael Vick lost the first round of his legal fight against his former team the Atlanta Falcons.  A mediator decided that Michael Vick would have to repay about $20 million in bonuses to his team.  This decision will of course be appealed by the players union representing Vick.

The next round of legal battles will move out of mediation (that worked well) and straight into a Denver Federal Court where a Federal judge will be in control following an anti-trust fight dating back 20 years to 1987 and the players strike back then.  The Falcons claim (as we have pointed out here on this site) that Vick was in breach of the contract he signed with them as he used his earnings to fund the illegal dog fighting business almost at the same time he signed the contract. 

Breach of Contract in Simple Terms

Hey Joe, “We’ll give you a signing bonus of $20k if you agree to work with GM and not break the law in your spare time outside of work.  We want you to be a stand up representation of what a great GM worker is and that is part of the requirements of this contract you will sign and the reason why we’ll pay you a $20k bonus.”

Joe, “Sure, where do I sign?”  (To himself, these dumb fools, Guess they don’t need to know about my work as a bookie on the side, nor my blood lust to kill puppies with a GM logo shaved on their backs).  What they don’t know won’t hurt them.)

 

That’s not the Only Group Gunning for his Money (If it is his money)

As we mentioned before the Bank of Canada is after Vick for defaulting on a loan and so is a bank in Indiana.  That ratchets up another $4.3 million right there.  Putting Michael Vick’s real wealth at risk by $24.3 million approximately, and I suspect you can add at least $1m for legal expenses.

Then There’s Another Slap in the Face for Vick

Vick’s own high school added insult to his injury (turn about is fair play in high school) by removing his jersey from their show case.  That’s got to be one of the more symbolic gestures that might hit home the most.  Think of it, if your own high school can’t forgive you, then who can?

Seriously, I think that is a great example for the kids, showing them even if you reach the exalted level that Michael Vick did, if you are a sick bastard that kills dogs for sport, we won’t leave your jersey in our show case.  After all, if a current student at the school were caught killing dogs, I suspect they wouldn’t celebrate that at the school either.

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Comments

2 Responses to “Michael Vick SOL and out of $24 million Plus”

  1. Rev. Joe N. Williams on November 25th, 2007 10:47 pm

    Every man deserves a second chance in life, I think we should leave this situation in Gods hands.

  2. doglover332 on November 25th, 2007 11:59 pm

    Rev. Joe N Williams,

    I would not deny Michael Vick a second chance in life, but I do not believe he should be given a second chance in the NFL.

    Furthermore, he has not yet paid his debt to society for his mistakes, in fact he seems to be on a track to avoid penalties for the majority of his crimes (given the plea deal and the Federal Investigators intention to not cooperate with a related murder investigation in North Carolina.)

    I do not seek to judge Michael Vick, but I do seek to protect society from a sociopath with millions of dollars and a great deal of influence over young children, teens and adults.

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