Wednesday, April 1, 2009

Vick agrees to pay Falcons, who are expected to release QB

http://www.nfl.com/news/story?id=09000d5d80f87b42&template=without-video&confirm=true



The article is about Micheal Vick prison sentence.Also they are talking about how he have to pay the Atlanta Falcons money.Even though he is under going bankruptcy.Which means he would not have money in his bank account.Vick owed them nearly $21.2 million for bonuses he received before his guilty plea to federal dogfighting charges.After an arbitrator sided with the team, the players union took the case to federal court. A U.S. district judge reduced the amount to $3.75 million, and the case remains on appeal."To resolve uncertainty over the amount of the Falcons' claim, the parties have determined that the Falcons will receive an allowed general unsecured claim in the debtor's bankruptcy case in the amount of $7.5 million," said the court filing, which was entered last week. "If the district court's ruling is ultimately affirmed on appeal, the amount of the Falcons' claim will be reduced to $6.5 million."

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