[vincesanity82]

Michael Vick will most likely never collect another NFL paycheck. And he may be forced to write the Falcons a very large check, for more than $28 million in bonus money the team has already paid him.

But that might not be the end of Vick's financial woes. Vick has damaged the reputations of the companies that had endorsement contracts with him, and he's cost them money in products and marketing campaigns tied to him that they won't be able to use. Nike, for example, was all set to roll out the new Zoom Vick V shoe before Vick's indictment led them to halt the campaign.

That leads to the question of whether companies might be able to sue him for damages to their brands resulting from his conduct. Some endorsement contracts specifically mention this possibility; the specific language of Vick's endorsement deals is not known.
If the Falcons, Nike and others line up to try to get money from Vick, he could be forced to file for bankruptcy. Vick doesn't seem like the type of savvy investor who would have tens of millions of dollars saved up in a rainy day fund, and it seems extremely unlikely that he would be able to withstand such claims against him.

It wouldn't be unprecedented for a man who was once among the highest-paid athletes in the world to go broke. Mike Tyson earned around $300 million in his boxing career, and he ended up filing for bankruptcy. Vick may follow in Tyson's footsteps.

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[Bette]

It seems kind of fitting to me. Lose his career, lose his fame, and probably lose all the millions that gave him the lifestyle he had-----Michael Vick's wake up call.