Michael Vick Net Worth

Introduction: 

Michael Vick Net Worth, How did the American professional football player amass his wealth? Check this article to find out more about Michael Vick Net Worth and his career.

Michael Vick Early Life

He is an American professional football player. Michael Vick played quarterback at Newport News Warwick High School. He then moved on to Virginia Tech where he was named Big East Offensive Player of the Year and Big East Rookie of the Year in 1999. 

Vick’s mother obtained public financial assistance and had help from her parents, while his father worked long hours in the shipyards as a sandblaster and spray-painter.

He was only three years old when his father, nicknamed ‘Bullet’ for his speed during his own playing days, began teaching him the fundamentals. Michael subsequently taught the game to his younger brother.

Michael Vick Career

Michael Dwayne Vick was born on 26th of June, 1980 in Newport News, Virginia. He was drafted #1 overall by the Atlanta Falcons in the 2001 NFL Draft. He played for the Falcons from 2001 to 2008 and for the Philadelphia Eagles from 2009 to 2013. 

His reputation was destroyed when his involvement in an illegal dog-fighting ring came to light in 2007. Vick later served two years in jail for committing what were proven to be horrendous crimes against animals.

Vick played for the New York Jets in 2014 and the Pittsburgh Steelers in 2015. He was a four time Pro-Bowl selection but after being a free agent in 2016 he officially retired in 2017. He became an analyst for the Fox Sports television series Fox NFL Kickoff on FS1 in 2017.

Michael Vick Net Worth

As of today, Michael Vick Net Worth is $16 Million while his salary is $16.5 Million. Michael Vick Net Worth is earned from his career as a football player. 

During Vick’s career, he earned equal headlines for his on the field talents and off the field controversies.

On October 2nd, 2012, court documents revealed that Vick had spent 95% of his 2008-2012 income, roughly $30 million, paying taxes, creditors, lawyers and accountants. Michael had a very distinct choice to make. 

Michael could file for Chapter 7 bankruptcy protection and walk away from all his debts, or file for Chapter 11 and honor every penny. Michael chose Chapter 11. He actually went out of his way to keep his debts active.

As at the time he entered prison, Michael Vick was forced to declare bankruptcy. He was owing around $18 million to a variety of creditors. He earned 12 cents an hour mopping floors at Leavenworth prison. In 2014, court documents revealed that by that point, Michael had paid down 87% of his debt.

By late 2015, he was fully debt free so in order to pay off his debt, he chose to live off $300,000 per year, giving every other penny to his debtors. Once his debts were paid off, he continued living off $300,000, putting anything leftover into savings.

Vick’s original $130 million contract with the Atlanta Falcons was negated after his legal troubles. Michael returned to the NFL in late 2009. He was named Comeback Player of the Year in 2010. 

On Monday August 28th 2011, Michael Vick signed a 6-year $100 million contract with the Philadelphia Eagles. This new contract is included $40 million in guaranteed cash and worked out to an annual salary of $16.5 million. 

At this time, Vick was just the third athlete in professional sports history, joining Derek Jeter and Shaquille O’Neal, to sign more than one $100 million+ contract.

Summary: 

Michael Dwayne Vick is an American professional football player. He was drafted #1 overall by the Atlanta Falcons in the 2001 NFL Draft. He was a four time Pro-Bowl selection. 

As of 2020, Michael Vick’s net worth is $16 Million.