Michael Vick may have a million dollar salary with the Philadelphia Eagles this year, but that doesn’t mean the all-star quarterback is out of debt. According to the Associate Press, Vick has been ordered to pay creditors more than $20 million dollars, over a structured time period, in order to get out of bankruptcy.
His current contract with the Eagles shows that he will be paid $1.6 million dollars this year and an option for $5.6 million next year. Vick, who was once the highest paid player in the NFL, will probably be on the hunt for endorsement deals and other high paying alternatives.
Vick won’t be having to go the shelter anytime soon though. Creditors allowed the all-star QB to keep his house in Virgina, cars and other important poession. However, they have said that they will automatically take 10% of his annual contract with the Philadelphia Eagles.