Consider Michael Vick the poster child for “Blowin’ Money Fast.” The Philadelphia Eagles quarterback has made $31 million since filing for bankruptcy back in 2008. But the kicker, reports TMZ, is that the VA native has spent $29 million of those bucks. It wasn’t on b.s., like these athletes here, though.
The math is pretty simple — Vick had to pay a total of $29.6 mil — of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses.
All tolled, Vick is now left with around $1.5 mil. That’s nothing to sneeze at, but considering what he made it’s pretty shocking.
Things are looking up for the NFLer. Vick signed a 6 year, $100 million contract in 2011 … with almost $40 mil in guaranteed money, so he won’t be poor — in rich terms — for much longer.
Hey, at least Vick is still gainfully employed by the NFL and doesn’t hang out in the Cheesecake Factory like Vince Young.
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Photo: NFL
