In the last four years Philadelphia Eagles quarterback Michael Vick has raked in a fortune from his NFL salary and various endorsements, but the money is being spent at an alarming rate.
TMZ reports that Vick has gone through $29 million, or roughly 95% of his total income since filing for bankruptcy in 2008.
The QB made $31 million during that time period. “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.” That leaves Vick with $1.5 million, which is nothing to sneeze at, but he’s still taken a huge financial hit.
The good news is that he signed a 6 year, $100 million contract in 2011 with the Eagles. That includes almost $40 million in guaranteed money. That will hopefully ensure that the 32-year old player won’t be hurting for money even after his career is long over with.
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