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Michael Vick is Almost Unbroke
By Kyle Scott
Published:
Photoshop via reader Tom
Is that a word? I don't care.
What does two seasons sans a playoff win get you? Financial freedom!
Michael Vick is almost out of bankruptcy, according to TMZ:
But Vick's been busting his ass to pay off his debts ever since he was reinstated with the Eagles in 2009 — in fact, according to a new filing in his bankruptcy case, he's already reduced his outstanding debt to less than $400,000.
According to the docs, the outstanding debt is owed to Bank of America (related to one of his properties), BMW financial services, and his friendly neighborhood tax collector.
That’s impressive for this to have been (nearly) done so quickly. Vick owed at least $12 million of his $100 $80 million contract to various creditors. He stands to make $12.5 million in 2012, after which point the Eagles can part ways with him and have to take on only a small cap hit. <—- Jason Babin hates those sorts of things.
Kyle Scott is the founder and editor of CrossingBroad.com. He has written for CBS Philly and Philly Voice, and been a panelist or contributor on NBC Sports Philly, FOX 29 and SNY TV, as well as a recurring guest on 97.5 The Fanatic, 94 WIP, 106.7 The Fan and other stations. He has more than 10 years experience running digital media properties and in online advertising and marketing.