Atlanta expected to try to recoup $22M of Vick's signing bonus

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  • bigboydan
    SBR Aristocracy
    • 08-10-05
    • 55420

    #1
    Atlanta expected to try to recoup $22M of Vick's signing bonus
    There attacking Vick where it really counts now. I just wonder if legally they can actually get it back considering it was the NFL that suspended him, and not the Falcons.

    Atlanta expected to try to recoup $22M of Vick's signing bonus

    ATLANTA (AP) — The Atlanta Falcons apparently are not through with Michael Vick yet — not when the team still hopes to recover millions of dollars it already paid the quarterback.

    Vick was suspended indefinitely without pay by NFL commissioner Roger Goodell on Friday, only hours after Vick acknowledged his guilt to a dogfighting conspiracy charge. In announcing the suspension, Goodell also opened the way for the Falcons to attempt to recover $22 million of Vick's signing bonus from the 10-year, $130 million contract he signed in 2004.

    "I have advised the Falcons that, with my decision today, they are no longer prohibited from acting and are now free to assert any claims or remedies available to them under the Collective Bargaining Agreement or your NFL Player Contract," Goodell said Friday.

    Though Falcons officials wouldn't discuss their plans Saturday, the team is expected to follow Goodell's suggestion and attempt to recoup the money from Vick. The process will remain private.

    "We're not going to talk at all in any detail about any of that," Falcons spokesman Reggie Roberts said Saturday night.


    The fact Vick remains on the team's roster may be the best indication of the plans. For the team to make a legal claim to recovering money under the CBA, Vick must remain on the roster, even though he is suspended.

    The Falcons already have some financial relief. The team will not have to pay Vick's $6 million base salary this season, and it can add a player to replace Vick, since he is on the suspended list.

    The bad news for the team: Vick still counts about $8.5 million against the team's salary cap for this season.

    The loss of Vick may hurt the team in other ways. Monday night's preseason opener against Cincinnati will be the first chance for the team to learn if Vick's departure hurts attendance at the Georgia Dome.

    Vick wears the biggest-selling jersey in team history and is given much credit for the team's 51 consecutive sellouts.
  • homedog
    SBR Sharp
    • 09-08-05
    • 260

    #2
    I hope they get it all.
    Comment
    • Mudcat
      Restricted User
      • 07-21-05
      • 9287

      #3
      Recouping part or all of a signing bonus is not a particularly rare thing in the NFL. I believe similar actions are being undertaken with Pacman Jones and Jake Plummer right now. Kellen Winslow Jr. and Ricky Williams are other names that have been connected to such actions in the past.

      I think it would be a slam-dunk for the Falcons in the Vick case.
      Comment
      • durito
        SBR Posting Legend
        • 07-03-06
        • 13173

        #4
        Barry Sanders too.
        Comment
        • Helmut
          Restricted User
          • 03-17-07
          • 356

          #5
          If they win good luck to them trying to collect.
          Comment
          • onlooker
            BARRELED IN @ SBR!
            • 08-10-05
            • 36572

            #6
            It was only a matter of time, and I hope they get that signing bonus back.
            Comment
            • t2wentyfou4r
              SBR High Roller
              • 06-27-07
              • 212

              #7
              This is the biggest fall of of proffesional player, in any sport. Vick will be broke in no time, and what team is every going to give him another chance. Stop with the Raiders picking him up after jail talk. They have Culpepper for the present, and Russell for the future. Maybe to the Browns might be a perfect fit. Vick loves the dog pound.
              Comment
              • Mudcat
                Restricted User
                • 07-21-05
                • 9287

                #8
                Well that's a topic which already has a few threads devoted to it. In my opinion, Vick would not only find a team to give him a chance, there would be competition from multiple teams for his services.
                Comment
                • durito
                  SBR Posting Legend
                  • 07-03-06
                  • 13173

                  #9
                  I see no reason why they would not win, nor why they wouldn't be able to collect. Unless he doesn't have the money. He obviously is not the smartest person in the world, but he'd have to have really ****ed up to not have the money still. His legal fees, while probably pretty high, will be way less than had he gone to trial.

                  If I were him, I'd pay it back, serve my time, and disappear for the rest of my life. If he had even a basic amount of financial intelligence, he should still have plenty of money.
                  Comment
                  • BatemanPatrickl
                    SBR Posting Legend
                    • 06-21-07
                    • 18772

                    #10
                    Look at how much money Tyson spent; it would not suprise me if Vick has the same money management skills.
                    Comment
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