Philadelphia Eagles quarterback Michael Vick has spent nearly $30 million since he filed for bankruptcy in 2008. TMZ broke the news and noted that its almost 95 percent of his total income.
TMZ reported that according to legal documents that were filed during his bankruptcy case, he has made $31 million since he filed for bankruptcy.
"The math is pretty simple -- Vick had to pay a total of $29.6 mil -- of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses," TMZ reported.
Reportedly he now only has about $1.5 million left from the $31 million he earned in the last four years.
In 2011, Vick signed a contract with the Eagles that guaranteed him $35.5 million. Yahoo! Sports reported, "He can make substantially more than that if he stays with the Eagles past this year, but there's no guarantee that will happen. He didn't have a great year in 2011, and his 2012 isn't off to a great start, either. At his salary, no one would blame the Eagles if they wanted to let him go, unless he quickly regains his form from 2010. His Sunday night performance against the Giants was a good start, but that's got to happen with more consistency."
In 2007 Vick pleaded guilty to felony charges for having a dog fighting ring which he ran illegally for five years during his time playing with the Atlanta Falcons. He served 21 months in prison and had two months of house arrest.
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