Vick has blown $30 million: In four years, Michael Vick has managed to blow through $30 million. And apparently it wasn’t too hard to do. According to TMZ, Vick has made about $31 million since he filed for bankruptcy in 2008. In the last four years he’s spent around $29.6 million. That might sound like a lot but surprisingly Vick didn’t spend much of that money on himself.
The gossip site got a hold of some of the NFL player’s bankruptcy papers and found that Vick paid$10.9 million in taxes, $9.2 million to creditors, and $2.7 million to accountants and lawyers. That adds up to $22.8 million. The rest of the money was apparently spent on child support, living expenses, and other purchases.
Vick reportedly has about $1.5 million left.
But don’t feel too bad for Vick. The NFL player’s bankroll may have diminished but he’s set to receive a steady stream of six-figure checks over the next few years. Baller Status reports that Vick signed a 6-year contract in 2011 for close to $100 million. He’s guaranteed $40 million of that money regardless of his performance.
Of course, with Vick’s pile of bills, $100 million might not last as long as you think.
The gossip site got a hold of some of the NFL player’s bankruptcy papers and found that Vick paid$10.9 million in taxes, $9.2 million to creditors, and $2.7 million to accountants and lawyers. That adds up to $22.8 million. The rest of the money was apparently spent on child support, living expenses, and other purchases.
Vick reportedly has about $1.5 million left.
But don’t feel too bad for Vick. The NFL player’s bankroll may have diminished but he’s set to receive a steady stream of six-figure checks over the next few years. Baller Status reports that Vick signed a 6-year contract in 2011 for close to $100 million. He’s guaranteed $40 million of that money regardless of his performance.
Of course, with Vick’s pile of bills, $100 million might not last as long as you think.
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