Michael Vick Net Worth
Michael Vick has an estimated net worth of $16 million. Former NFL quarterback Michael Vick’s promising career was tainted by off-the-field activities, including involvement in an illegal dog fighting ring. He earns most of his income from his career as an American football player and spokesperson.
While at Virginia Tech, quarterback Michael Vick displayed early talent and drew NFL interest. He appeared to be fulfilling his promise after being drafted by the Atlanta Falcons until poor decisions and illegal activities ended his career. Before joining the Philadelphia Eagles, he served time in prison for illegal dog fighting. In 2017, he announced his retirement.
To calculate the net worth of Michael Vick, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$16 Million|
|Monthly Salary:||$100 Thousand|
|Annual Income:||$3 Million|
|Source of Wealth:||American football player, Spokesperson|
Michael Dwayne Vick was born in Newport News, Virginia on June 26, 1980. Michael Vick, the second of four children born to Brenda Vick and Michael Boddie, grew up in a rough part of his hometown dominated by drugs and gang activity.
Brenda and Michael maintained a stable household despite their circumstances. Michael, a sandblaster at a nearby shipyard who used to play football, appears to have had a special premonition about his son. According to one account, Vick’s father cradled him in his arms, took him outside, and held him up to the night sky when he was born. “Behold the only thing greater than yourself,” he continued, echoing the words spoken by Omoro to his son, Kunta Kinte, in the film Roots.
Vick, like his father, who gave him his first football when he was three years old, demonstrated an early talent for the game. Vick became close to the football team’s coach, Tommy Reamon, a former World Football League star, at Warwick High School. Vick was pushed by Reamon to improve his passing skills and hit the weight room to bulk up his thin frame. With the team’s offensive line in disarray, Reamon encouraged Vick to take advantage of his lightning speed by scrambling out of the QB pocket and improving the offense. Vick thrived under his coach’s tutelage, and by his senior year, Vick, who throws left but is actually right-handed, was regarded as one of the country’s top high school quarterbacks.
Vick turned down an offer to attend Syracuse University in favor of staying closer to home and signing with Virginia Tech in nearby Blacksburg. The highly regarded Vick did not disappoint. After redshirting his freshman year, the 19-year-old quarterback led the Hokies to an undefeated season and a trip to the Sugar Bowl, where they were defeated by Florida State in the national championship game. Vick was named Big East Offensive Player of the Year and came in third place in Heisman Trophy voting.
The following year, Vick and the Virginia Tech team dropped in the rankings, but NFL scouts salivated at the prospect of seeing the QB — a 6-foot-1-inch quarterback who could throw the ball 80 yards — on the big stage. His athletic prowess drew the attention of Major League Baseball, and the Colorado Rockies selected Vick in the 30th round of the 2000 MLB draft, despite the fact that he hadn’t played the game since he was 14.
Vick, on the other hand, didn’t give baseball much thought. He instead skipped his final two years of college to play in the NFL. The Atlanta Falcons, desperate for a quarterback and a star, traded up to the No. 1 pick in the 2001 NFL draft to get him.
Vick received a six-year, $62 million contract with a $15 million signing bonus for turning pro. After seeing limited action as a rookie, Vick took over as Atlanta’s starting quarterback the following season, leading the Falcons to the playoffs and earning a spot in the Pro Bowl. Vick and his teammates won the NFC South in 2004, after an injury cut short his 2003 season. They were defeated in the NFC Championship game by the Philadelphia Eagles.
The script appeared to be going according to plan. The Falcons were now title contenders, and Vick was the franchise quarterback that the team had hoped for. That season, team officials extended Vick’s contract for a decade and $130 million.
Dog Fighting Scandal
There would be no Super Bowl parades, however. Vick’s life and career began to fall apart due to poor decision-making, a questionable circle of friends, and arrogance. The Falcons’ fortunes deteriorated over the next two seasons. They finished around.500, and while Vick kept putting up good numbers, there were questions about his maturity and ability to deal with the stardom that had been thrust upon him.
While Vick had openly expressed his desire to leave Newport News (a nickname he later gave his kennel and dog fighting ring), his hometown was never far behind him. Vick and his childhood pals had a veritable playground in his $3.8 million home in Duluth, Georgia.
But trouble seemed to be right on Vick’s tail. Two men driving Vick’s truck were arrested in 2004 for transporting a large amount of marijuana. Vick was never charged. The following year, a woman accused him of infecting her with a sexually transmitted disease. The case was settled out of court by the QB. However, more serious problems arose two years later. Authorities investigating drug activity linked to Vick’s cousin raided a property owned by the football star in Surry County, Virginia, in April 2007. The raid revealed an entrenched dog fighting scene, complete with injured animals.
Vick denied any involvement in the ring, even telling NFL Commissioner Roger Goodell in person that he had nothing to do with it. But, as the pressure mounted and the evidence linking Vick to the ring grew stronger, the Falcons quarterback pled guilty. In August 2007, he admitted to funding and participating in the operation. Vick has been suspended indefinitely by the NFL.
Still, it wasn’t until October 2007, after a five-hour interrogation by FBI agents, that Vick admitted to killing dogs himself. “I did everything,” he is said to have said. “Everything was done by me. If you need me to say anything else, I’ll say it.”
Vick was sentenced to 23 months in prison on December 10 by a US District Judge for running a “cruel and inhumane” dog fighting ring and then lying to officials about it. In addition, he was ordered to pay nearly $1 million in restitution charges.
But, as one case came to a close, another one opened. Vick was ordered to pay the Royal Bank of Canada more than $2.5 million in May 2009 for failing to repay a loan related to a real estate venture. A week later, a second order was issued in favor of Wachovia Bank on a loan default for a failed restaurant, this time for $1.1 million. The US Department of Labor filed a complaint the following May, accusing Vick of spending $1.3 million from a pension plan associated with a celebrity-marketing firm he owned.
That same month, 28-year-old Vick was released from federal prison in Leavenworth, Kansas, and returned home to Virginia, where he was scheduled to serve two months of home confinement for entering a drug treatment program.
Vick was clearly eager to return to the NFL after being released from Leavenworth. Speculation quickly arose about potential landing spots for the quarterback, who was officially released by the Falcons in early June. The league had yet to lift his suspension, and football experts were unsure how things would turn out at the time. What was clear was that Vick, who had declared bankruptcy and was serving a three-year probation, not only wanted to play, but needed to play.
Back on the Field
The NFL announced in July 2009 that Vick would be considered for full reinstatement and eligible to play in regular-season games by October. In return, he agreed to be monitored by former Indianapolis Colts coach Tony Dungy, with the NFL receiving regular updates from Vick’s probation officer as well as outside professionals and psychiatrists.
Vick’s comeback became official in August when he signed a two-year contract with the Philadelphia Eagles. He spent most of his first season as a backup to Donovan McNabb before taking over as starter in 2010. Vick threw four touchdown passes and ran for two more in a mid-November victory over the Washington Redskins, demonstrating that he had not lost his breathtaking athletic abilities. After the season, he was named Associated Press and Sporting News Comeback Player of the Year.
Vick struggled to replicate his 2011 success, and he was fired after suffering a concussion halfway through 2012. Following one more season with the Eagles, he became a backup for the New York Jets before joining the Pittsburgh Steelers in 2015. He officially retired as an Atlanta Falcon in 2017.
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