With a (not so easy, yet) simple plea bargain, Vick stands to lose up to 100 Million dollars in salary, signing bonus, and even more with endorsement deals.
In December of 2004, The Falcons organization signed Vick to the largest contract in NFL history; 10-year, $130 Million. He has collected a combined $77 Million in signing and roster bonuses to date. The expectation is that they will seek repayment on a pro-rated basis of the $37 Million dollar bonus, approximately $25 Million. This will likely be resisted by the Players Association, ending up in an abitrator's hands.
League sources say that the Falcon's are likely to cut Vick, but at Commissioner Goodel's request, will hold off for now. If they wait till march of 2008, there is actually as savings in salary cap space. With the remaining $6 Million to come off the books this year, next year's salary of approximately $7.5 Million will be more than enough to sign a veteran quarterback.
Vick's products are flying off the shelves, but not by consumers, but by his endorsers, sacrificing thousands, even millions, to "save face". (Rawlings ended it's contract and Nike suspended theirs). Most trading card vendors are going forward with their cards though.
With 12-18 months jail time (avg. federal sentence served is 85%), an expected one year suspension, and no salary during that time, it is hard to say that Vick will get off easy, even if we all are probably more worse off financially, because we still have "our good name".
Who is going to want to take him on in 2010? The first clue is NFL.com and it's merchandising department...they no longer sell anything "Vick"... I wouldn't be surprised if "Vick's VapoRub" changes their name, for simple association reasons.
I know I would...
Statistocrat
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3 comments:
You hit it on the head with Vick. I'm sure looking back on everything right now, and losing loads of cash, he probably feels like garbage. What a fool is all I can say. Just shows that money doesn't buy happiness or freedom
Thanks for your comment nos... It is sad, but true (not to quote Metallica or anything), but the sad fact is "money isn't EVERYTHING" and often leads to turmoil... Ask King Solomon, he wrote a book about it and he was the richest guy in the world!!!
was listening to the radio this morning after my shower, and the sports guy made mention of talks possibly with the CFL's Edmonton Eskimos (Why not? We took Ricky Williams...but all he did was smoke some pot... :) ). I doubt there's been much mention (if any at all) of this south of the border yet, and it could all be bullshit, but where else is he gonna go? The arena league?
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