So if I read this correctly, Michael Vick just helped Arthur Blank move $7.5 million closer to getting a new stadium.
Vick’s new reported six-year, $100 million contract with the Philadelphia Eagles means he should be able to clear all of the creditors listed in his original bankruptcy, which totaled about $20 million.
Not surprisingly, the biggest creditor was the Falcons. They are owed $7.5 million from his signing bonus after he defaulted on his contract. Something about dog fighting and prison. It’s all a blur now.
Our D. Orlando Ledbetter reported back in April of 2009 that Vick and the Falcons had reached a settlement on the salary cap refund, so that part of the story is not news. But this could be: Via ProFootballTalk.com, the Falcons will seek and could receive salary cap credits, which would come as Vick returns the money.
Greg Aiello, the NFL’s vice president of public