In 2004, Atlanta Falcons' quarterback Michael Vick signed a 10-year, $130 million contract that assured fans his unique combination of running-back elusiveness and speed and rocket passing arm would lead the team for years to come.Then came the dog-fighting scandal. Now, with Vick's career in ruins and facing a stretch in the slammer, the Falcon's are applying the coup de grace, suing to recover almost $20 million in bonus money paid to him at the time the contract was signed.
The measure was approved by the NFL's Special Master Stephan Burbank, who is charged with resolving league/union disputes. It sets a new and dangerous precedent for the players. While almost no one (thankfully) is speaking up in defense of Vick, the league is rife with players that have transgressed in other ways; drug use, drunken driving, and sexual peccadilloes, for example. The notion that the players could not only lose future employment, but also be forced to repay money already received, will be sobering. The league hopes.
The NFL Player's Union is appealing the decision, as one might expect. Either way, I'd guess in the future player's agents will demand signing bonuses be constructed to safeguard their clients from such reversals.
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Reader Comments (Page 1 of 1)
10-12-2007 @ 11:26AM
Jake said...
Dude, I wonder what Vick is gonna do now, no money, no fame, no football. He even lost his home where the dog fighting was. Sux for him. Found the house on a real estate site, likes nice check it out
http://www.housefront.com/660646