Michael Vick Net Worth
Michael Vick Net Worth and Salary: Michael Vick is a retired American professional football player who has a net worth of $16 million dollars. During his career, Michael earned equal headlines for his on the field talents and off the field controversies.
Early Life: Michael Vick was born on June 26, 1980. He played quarterback at Newport News Warwick High School. He then moved on to Virginia Tech where he was named Big East Offensive Player of the Year and Big East Rookie of the Year in 1999.
Vick was drafted #1 overall by the Atlanta Falcons in the 2001 NFL Draft. He played for the Falcons from 2001 to 2008 and for the Philadelphia Eagles from 2009 to 2013. He then played for the New York Jets in 2014 and the Pittsburgh Steelers in 2015. He was a four time Pro-Bowl selection.
Controversy: Michael's reputation was destroyed when his involvement in an illegal dog-fighting ring came to light in 2007. He eventually served two years in jail for committing what were proven to be horrendous crimes against animals.
Bankruptcy: Around the time he entered prison, Michael was forced to declare bankruptcy. He owed an estimated $18 million to a variety of creditors. He earned 12 cents an hour mopping floors at Leavenworth prison. When he left prison, his net worth was negative. To make ends meet he took a job as a construction worker.
On October 2nd, 2012, court documents revealed that Vick had spent 95% of his 2008-2012 income, roughly $30 million, paying taxes, creditors, lawyers and accountants. At the time he filed for bankruptcy, he had a very distinct choice to make: A) He could file for Chapter 7 bankruptcy protection and walk away from all his debts. Or B) He could file for Chapter 11 and honor every penny of debt. Michael chose Chapter 11. He actually went out of his way to keep his debts active.
Court documents in 2014 revealed that by that point, Michael had paid down 87% of his debt.
He was fully debt free by late 2015. In order to pay off his debt, he chose to live off $300,000 per year, giving every other penny to his debtors. Once his debts were paid off, he continued living off $300,000, putting anything leftover into savings.
Return to the NFL and Contracts: Vick's original $130 million contract with the Atlanta Falcons was negated after his legal troubles.
Michael returned to the NFL in late 2009. He was actually named Comeback Player of the Year in 2010. On Monday August 28th 2011, Michael Vick and signed a 6-year $100 million contract with the Philadelphia Eagles. This new contract included $40 million in guaranteed cash and worked out to an annual salary of $16.5 million. At the time, Vick was just the third athlete in professional sports history, joining Derek Jeter and Shaquille O'Neal, to sign more than one $100 million+ contract. In 2014 he signed a 1-year $5 million contract with the Jets.
After being a free agent in 2016 he officially retired in 2017. Vick became an analyst for the Fox Sports television series Fox NFL Kickoff on FS1 in 2017.
|Net Worth:||$16 Million|
|Date of Birth:||Jun 26, 1980 (40 years old)|
|Height:||6 ft (1.83 m)|
|Profession:||American football player, Spokesperson|
|Nationality:||United States of America|
Michael Vick Earnings
- Philadelphia Eagles (2009-10)$1,625,000
- Atlanta Falcons (2006-07)$8,401,980
- Atlanta Falcons (2005-06)$23,102,750
- Atlanta Falcons (2004-05)$12,502,400
- Atlanta Falcons (2003-04)$3,503,500
- Atlanta Falcons (2002-03)$8,900,000
- Atlanta Falcons (2001-02)$5,500,000