Ruling says Falcons entitled to nearly $20M - The Orange Mane

El Minion · 10-09-2007, 06:58 PM

Associated Press

ATLANTA (AP) - The Atlanta Falcons are entitled to recover nearly $20 million in bonus money paid to disgraced quarterback Michael Vick, an arbitrator ruled Tuesday. The players' union vowed to appeal.
Stephen B. Burbank, the University of Pennsylvania law professor and special master who led last week's arbitration hearing, sided with the team after hearing from Falcons president and general manager Rich McKay and attorneys from the NFL Players Association, which represented Vick.
The Falcons argued that Vick, who pleaded guilty to federal charges for his role in a long-running dogfighting operation, knew he was in violation of the contract when he signed a $130 million deal in December 2004.

The team said he used proceeds from the contract to fund his illicit activities and sought the repayment of $19,970,000 in bonuses he was paid out of a total of $22.5 million in 2005 and '06.

Any money the Falcons recover from Vick would be credited to its future salary cap, a huge step in recovering from the loss of the team's franchise player. Atlanta (1-4) is off to a dismal start with Joey Harrington at quarterback.

"We are certainly pleased with today's ruling," the Falcons said in a statement. "It is the first step in a process that our club has undertaken in an attempt to recoup significant salary cap space that will allow us to continue to build our football team today and in future years."

Vick was suspended indefinitely without pay by the NFL after entering into his plea agreement. He also lost millions in lucrative endorsement deals.

"We have reviewed the decision handed down by Special Master Stephen Burbank and believe it is incorrect," the NFLPA said in a statement. "We will now appeal his ruling."

The case goes to U.S. District Court Judge David Doty in Minneapolis, who still has jurisdiction over the antitrust suit filed by players following the 1987 strike.

Bronx33 · 10-09-2007, 07:00 PM

most expensive dog fightEVER!

Rock Chalk · 10-09-2007, 07:01 PM

haha Bronx

DomCasual · 10-09-2007, 07:05 PM

Man, starting with the Ron Mexico herpes fiasco, Mike Vick's life has spiraled out of control faster than anyone - except for Britney Spears, maybe.

Cito Pelon · 10-09-2007, 07:31 PM

I bet the appeal gets rejected. What a fool. I bet he has hid the money, tries to hide it, says he cant' pay it back.

NaptownChief · 10-09-2007, 07:55 PM

Quote:

Originally Posted by Cito Pelon

I bet the appeal gets rejected. What a fool. I bet he has hid the money, tries to hide it, says he cant' pay it back.

I bet you are right on the fact he won't pay it back but I doubt it will be due to the fact that the money was hidden unless you call spending it foolishly as hidding it.

Welcome to bankruptcy Ron Mexico. It is a good reflection of what your talent was worth as a NFL QB, it just took a bassackwards way to settle up properly.

Jason in LA · 10-09-2007, 07:59 PM

Looks like the Falcons are going to have a lot of cap room.

No1BroncoFan · 10-09-2007, 09:54 PM

Quote:

Originally Posted by DomCasual

Man, starting with the Ron Mexico herpes fiasco, Mike Vick's life has spiraled out of control faster than anyone - except for Britney Spears, maybe.

Nah. Brittany was successful much longer before nosediving.

Ben

Beantown Bronco · 10-10-2007, 09:18 AM

He'll need that $20 million for his legal fees to date.....and for the rest that will surely accrue through the end of this year.

bronco militia · 10-10-2007, 02:06 PM

http://kissmesuzy.blogspot.com/2007/...9-million.html

Drek · 10-10-2007, 04:03 PM

Good news for us. If Henry loses his legal case we can pursue his bonus money with some precident as well as contract language to recoup as much as possible.

TomServo · 10-10-2007, 07:35 PM

Quote:

Good news for us. If Henry loses his legal case we can pursue his bonus money with some precident as well as contract language to recoup as much as possible.

this is the same judge or office that ruled for lelei so who knows.

Bronx33 · 10-11-2007, 04:11 PM

Sparkyapproves

NEWPORT NEWS - Michael Vick's old jersey has been removed from the trophy case at Warwick High School, where he starred at quarterback before going on to national fame at Virginia Tech and in the NFL.

Michelle Morgan, a spokeswoman for Newport News Public Schools, said Vick's jersey was taken down last month around the time he pleaded guilty to federal dogfighting charges.

"It remained up through a lot of the allegations and news reports," Morgan said. "It came out after he admitted to some wrongdoings."

In pleading guilty, Vick admitted to funding the dogfighting operation for several years and participating in the execution of several dogs.

Morgan said the decision to remove the jersey was made at Warwick High School, not at the school district.

Administrators at Warwick High School were not available for comment Wednesday morning.

10-09-2007, 06:58 PM	#1
El Minion Ring of Famer Join Date: Apr 2005 Posts: 1,531	Ruling says Falcons entitled to nearly $20M Associated Press ATLANTA (AP) - The Atlanta Falcons are entitled to recover nearly $20 million in bonus money paid to disgraced quarterback Michael Vick, an arbitrator ruled Tuesday. The players' union vowed to appeal. Stephen B. Burbank, the University of Pennsylvania law professor and special master who led last week's arbitration hearing, sided with the team after hearing from Falcons president and general manager Rich McKay and attorneys from the NFL Players Association, which represented Vick. The Falcons argued that Vick, who pleaded guilty to federal charges for his role in a long-running dogfighting operation, knew he was in violation of the contract when he signed a $130 million deal in December 2004. The team said he used proceeds from the contract to fund his illicit activities and sought the repayment of $19,970,000 in bonuses he was paid out of a total of $22.5 million in 2005 and '06. Any money the Falcons recover from Vick would be credited to its future salary cap, a huge step in recovering from the loss of the team's franchise player. Atlanta (1-4) is off to a dismal start with Joey Harrington at quarterback. "We are certainly pleased with today's ruling," the Falcons said in a statement. "It is the first step in a process that our club has undertaken in an attempt to recoup significant salary cap space that will allow us to continue to build our football team today and in future years." Vick was suspended indefinitely without pay by the NFL after entering into his plea agreement. He also lost millions in lucrative endorsement deals. "We have reviewed the decision handed down by Special Master Stephen Burbank and believe it is incorrect," the NFLPA said in a statement. "We will now appeal his ruling." The case goes to U.S. District Court Judge David Doty in Minneapolis, who still has jurisdiction over the antitrust suit filed by players following the 1987 strike.

10-11-2007, 04:11 PM	#13
Bronx33 lets go partner Rumpson Rocks Join Date: Oct 2004 Location: Lakewood,Colo Posts: 41,221 Adopt-a-Bronco: Woodyard	Warwick High takes Vick's jersey out of trophy case Sparkyapproves NEWPORT NEWS - Michael Vick's old jersey has been removed from the trophy case at Warwick High School, where he starred at quarterback before going on to national fame at Virginia Tech and in the NFL. Michelle Morgan, a spokeswoman for Newport News Public Schools, said Vick's jersey was taken down last month around the time he pleaded guilty to federal dogfighting charges. "It remained up through a lot of the allegations and news reports," Morgan said. "It came out after he admitted to some wrongdoings." In pleading guilty, Vick admitted to funding the dogfighting operation for several years and participating in the execution of several dogs. Morgan said the decision to remove the jersey was made at Warwick High School, not at the school district. Administrators at Warwick High School were not available for comment Wednesday morning.

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10-09-2007, 07:00 PM	#2
Bronx33 lets go partner Rumpson Rocks Join Date: Oct 2004 Location: Lakewood,Colo Posts: 41,221 Adopt-a-Bronco: Woodyard	most expensive dog fightEVER!

10-09-2007, 07:01 PM	#3
Rock Chalk Cheeky Bastards Laus Deo Join Date: Oct 2001 Location: The Backside of the Internet Posts: 29,940 Adopt-a-Bronco: Chris Harris	haha Bronx

10-09-2007, 07:05 PM	#4
DomCasual The Dude abides. Shameless Homer Join Date: Nov 2004 Location: Cocytus Posts: 13,173 Adopt-a-Bronco: Gus Frerotte	Man, starting with the Ron Mexico herpes fiasco, Mike Vick's life has spiraled out of control faster than anyone - except for Britney Spears, maybe.

10-09-2007, 07:31 PM	#5
Cito Pelon Attack at all times . . . Happy dog at the Divide Join Date: Jun 2004 Location: AFC West Championshipville Posts: 15,194 Adopt-a-Bronco: Elvis	I bet the appeal gets rejected. What a fool. I bet he has hid the money, tries to hide it, says he cant' pay it back.

10-09-2007, 07:59 PM	#7
Jason in LA Gimmie that rep fool! Speaking of Butts & Boob Mojo Join Date: Apr 2001 Location: LA Posts: 12,253	Looks like the Falcons are going to have a lot of cap room.

10-10-2007, 09:18 AM	#9
Beantown Bronco Athletic Supporter Join Date: Mar 2004 Location: Mass Posts: 19,042 Adopt-a-Bronco: Matt Prater	He'll need that $20 million for his legal fees to date.....and for the rest that will surely accrue through the end of this year.

10-10-2007, 02:06 PM	#10
bronco militia Ring of Famer THE GREATEST Join Date: Apr 2001 Location: colorado springs, co Posts: 22,591	http://kissmesuzy.blogspot.com/2007/...9-million.html

10-10-2007, 04:03 PM	#11
Drek Ring of Famer Join Date: Mar 2004 Posts: 12,317	Good news for us. If Henry loses his legal case we can pursue his bonus money with some precident as well as contract language to recoup as much as possible.