Michael Vick Agrees To Pay Atlanta Falcons $6.5 Million

Word is Michael Vick agreed to pay Atlanta Falcons $6.5 million as a part of his bankruptcy case. This also gives the Falcons the aportunity to clear the way to release him before training camp.

This bit of information was not supposedly meant to be announced publicly, but apparently someone close to the Falcons camp leaked this info to the media.

The person, who spoke on condition of anonymity because the settlement is not being announced publicly, said Tuesday the payment would release Vick from the $130 million, 10-year deal he signed with the team in December 2004.

Vick, serving a nearly two-year prison sentence for dogfighting, was due to receive a base salary of $9 million and a bonus of $6.43 million in 2009. The remainder of the contract was worth at least $45.11 million.

The settlement was reached ahead of Vick's bankruptcy hearing in Virginia on Thursday.Source

And in other news, literary agent Scott Waxman is shopping a proposal for a Michael Vick memoir and this idea does not set well with PETA. Apparently, this book idea is also suppose to act as a means of showing remorse to the NFL for his crime he is currently serving 23 months.

Michael Vick can not win for losing.

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