Vick To Pay Falcons At Least $6.5 Million

By: Paul Newberry - AP Sports Writer Email
By: Paul Newberry - AP Sports Writer Email

FLOWERY BRANCH, GA. (AP) - Michael Vick has agreed to pay the Atlanta Falcons at least $6.5 million as part of his bankruptcy case, clearing the way for the team to release him before training camp.

The settlement was reached ahead of Vick's bankruptcy hearing in Virginia on Thursday. Vick arrived in Virginia Monday afternoon and is being held at Western Tidewater regional jail in Suffolk, VA.

According to a bankruptcy court filing, Vick and the Falcons have settled the Falcons' claims that Vick owed them nearly $21.2 million for bonuses he received before his guilty plea to federal dogfighting charges.

Under the settlement, which still must be approved at Thursday's bankruptcy hearing in Virginia, the team would receive $7.5 million if it wins the appeal or $6.5 million if the lower amount is upheld.

(Copyright 2009 By The Associated Press. All Rights Reserved.)


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 42228772 - nbc11news.com/a?a=42228772
Gray Television, Inc.