Michael Vick #7 of the Atlanta Falcons jumps into the end zone as Ryan Nece #56 of the Tampa Bay Buccaneers falls during their game on September 17, 2006 at the Georgia Dome in Atlanta, Georgia. (Photo by Streeter Lecka/Getty Images Sport)
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It seems
Michael Vick has finally realized that a multi-million dollar
NFL contract may not be waiting for him after he's released from prison in May. The former
Atlanta Falcons quarterback appeared in bankruptcy court Thursday, and announced he'll work construction after he's released.
The 28-year-old explained to a judge just how he plans to eventually pay off his growing debt. According to the
Associated Press Vick's attorney, Michael Blumenthal, said his client's financial plan is still based on his eventual return to football, but until that happens, Vick plans to work 40 hours a week for a construction company.
Vick's potential wages were not disclosed, but it was confirmed that he has lined up a solid job with a construction company.
After serving 23-months in prison on dog fighting charges, Vick is scheduled to be released in July, but could possibly go home as early as May. During his prison stay his financial situation has only gotten worse.
The
AP writes:
Earlier this week, Vick and the Falcons agreed that he would pay back $6.5 million of his Atlanta contract, moving closer to cutting ties with a team that doesn't want him. But how and when Vick might begin a professional comeback isn't clear. Vick was suspended indefinitely after his 2007 indictment, and NFL Commissioner Roger Goodell has said he will review Vick's status after he is released.
Under Vick's proposed bankruptcy plan, assuming he will eventually make a substantial salary, he will be able to keep $750,000 a year, while the rest goes to pay of his massive debt.
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