Michael Vick came to the Philadelphia Eagles for a new beginning. A chance to put behind his troubles of the past and build a new future. Any mistakes of the past could be left there. It appears, though, that Vick has not learned lessons from bankruptcy. A report from TMZ says that Michael Vick has blown most of the money he made with the Eagles:
According to legal docs filed in his bankruptcy case, Vick made $31
million since he went belly up — that includes his Eagles salary and
various endorsements and other business ventures.The math is
pretty simple — Vick had to pay a total of $29.6 mil — of that, $10.9
went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and
accountants, and the rest is for various things, including child support
and living expenses.All tolled, Vick is now left with around
$1.5 mil. That's nothing to sneeze at, but considering what he made
it's pretty shocking.
Sounds like a lesson NOT learned. Doing the math, that is $6.8 million worth of "living expenses" and child support. Previous reports put the child support and alimony at around $95,000.00 for one year.
Vick better be careful: a hit here and a hit there could greatly diminish his ability to make plays – and fill out the six year, $100 million contract he signed with the Eagles.
