The $20 Million Dollar Discussion

Mike · October 10th, 2007, 07:15 AM

So an arbitrator from the NFL has ruled that the Atlanta Falcons are entitled to recoup $20 million from Michael Vick, which surprised many in the league that the arbitrator would side with the Falcons

What are your thoughts

BtownBeers · October 10th, 2007, 07:39 AM

Hope they get it all back...its 19.9 mil I thought though

BaldBil · October 10th, 2007, 07:42 AM

The Falcons were dumb enough to give him that kind of money in the first place. To me that means he should keep it. By the time his legal fees are paid he'll be broke. Maybe this will be a lesson to other teams on what not to do.

BtownBeers · October 10th, 2007, 08:21 AM

I don't think teams can think well lets hope this guy doesn't get in legal trouble so lets not give him too much money. He can keep what he's earned thus far but the remainder that he hasn't yet he shouldn't get especially if he isn't playing.

whourdaddy · October 10th, 2007, 09:32 AM

Let's be honest. How much of it do we really think he has? If he is defaulting on loans and losing sponsors left and right, there probably isnt much to collect. Besides agents, managers, lawyers and taxes are all taken out of it also.

I agree with paying up the remainder.

BaldBil · October 10th, 2007, 11:31 AM

If Atlanta had done their due diligence on this guy, they never would have given such a big bonus. They deserve to take the bath.

whourdaddy · October 10th, 2007, 11:39 AM

He didnt start the dog fighting until his rookie year, but good point where was team security on this one.

BtownJay · October 10th, 2007, 11:40 AM

Was it just a straight signing bonus? If so, I say the money is Vicks. They should have put something in his contract to prevent him from keeping it in situations like this (unless they did and i didn't see it).

BtownBeers · October 10th, 2007, 11:53 AM

It is bonuses for the future paid out as his signing bonus when he signed his 130 mil $ deal. He hasn't earned all of that money and won't be able to with the suspension and probable jail time. This will clear up cap for the Falcons to continue to work their team now and in the future with him gone.

He shouldn't keep money he hasn't yet earned which is why the ruling was made.

BaldBil · October 10th, 2007, 11:56 AM

Quote:

Originally Posted by BtownJay

Was it just a straight signing bonus? If so, I say the money is Vicks. They should have put something in his contract to prevent him from keeping it in situations like this (unless they did and i didn't see it).

Maybe so, but it would not have been hard to figure out this guy was still running with the neighborhood boyos.

JGAC · October 10th, 2007, 11:59 AM

There probably is a clause which allows the siding with the Falcons.

BtownJay · October 10th, 2007, 12:02 PM

Quote:

Originally Posted by BtownBeers

It is bonuses for the future paid out as his signing bonus when he signed his 130 mil $ deal. He hasn't earned all of that money and won't be able to with the suspension and probable jail time. This will clear up cap for the Falcons to continue to work their team now and in the future with him gone.

He shouldn't keep money he hasn't yet earned which is why the ruling was made.

Gotcha... i clearly don't know the situation so i'm going to back away from this thread.

Rusty27 · October 10th, 2007, 08:28 PM

The Falcons deserve it back but I don't see how they can get it back

BtownBeers · October 11th, 2007, 08:32 AM

Maybe the falcons could just let him off the hook with 5 extra years in prison so they can cut him since he will never fulfill his contract...that would be fun!

October 10th, 2007, 07:15 AM	#1
Mike Join Date: 07-08-2002 Location: Dallas, Texas Posts: 10,816	The $20 Million Dollar Discussion So an arbitrator from the NFL has ruled that the Atlanta Falcons are entitled to recoup $20 million from Michael Vick, which surprised many in the league that the arbitrator would side with the Falcons What are your thoughts

October 10th, 2007, 11:31 AM	#6
BaldBil Join Date: 06-15-2006 Location: Salem, MA Posts: 5,440	If Atlanta had done their due diligence on this guy, they never would have given such a big bonus. They deserve to take the bath. Last edited by BaldBil; October 10th, 2007 at 11:42 AM.

October 10th, 2007, 07:39 AM	#2
BtownBeers Join Date: 08-23-2004 Location: In Mrs. Jays Pants! Posts: 22,216	Hope they get it all back...its 19.9 mil I thought though

October 10th, 2007, 07:42 AM	#3
BaldBil Join Date: 06-15-2006 Location: Salem, MA Posts: 5,440	The Falcons were dumb enough to give him that kind of money in the first place. To me that means he should keep it. By the time his legal fees are paid he'll be broke. Maybe this will be a lesson to other teams on what not to do.

October 10th, 2007, 08:21 AM	#4
BtownBeers Join Date: 08-23-2004 Location: In Mrs. Jays Pants! Posts: 22,216	I don't think teams can think well lets hope this guy doesn't get in legal trouble so lets not give him too much money. He can keep what he's earned thus far but the remainder that he hasn't yet he shouldn't get especially if he isn't playing.

October 10th, 2007, 09:32 AM	#5
whourdaddy Join Date: 12-08-2005 Location: Charlotte, NC Posts: 4,001	Let's be honest. How much of it do we really think he has? If he is defaulting on loans and losing sponsors left and right, there probably isnt much to collect. Besides agents, managers, lawyers and taxes are all taken out of it also. I agree with paying up the remainder.

October 10th, 2007, 11:39 AM	#7
whourdaddy Join Date: 12-08-2005 Location: Charlotte, NC Posts: 4,001	He didnt start the dog fighting until his rookie year, but good point where was team security on this one.

October 10th, 2007, 11:40 AM	#8
BtownJay Join Date: 07-14-2004 Location: Lehigh Valley, PA Posts: 28,781	Was it just a straight signing bonus? If so, I say the money is Vicks. They should have put something in his contract to prevent him from keeping it in situations like this (unless they did and i didn't see it).

October 10th, 2007, 11:53 AM	#9
BtownBeers Join Date: 08-23-2004 Location: In Mrs. Jays Pants! Posts: 22,216	It is bonuses for the future paid out as his signing bonus when he signed his 130 mil $ deal. He hasn't earned all of that money and won't be able to with the suspension and probable jail time. This will clear up cap for the Falcons to continue to work their team now and in the future with him gone. He shouldn't keep money he hasn't yet earned which is why the ruling was made.

October 10th, 2007, 11:59 AM	#11
JGAC Join Date: 05-09-2003 Location: North End, Boston Posts: 6,079	There probably is a clause which allows the siding with the Falcons.

October 10th, 2007, 08:28 PM	#13
Rusty27 Join Date: 07-15-2004 Location: Knoxville,Tenn. Posts: 29,241	The Falcons deserve it back but I don't see how they can get it back

October 11th, 2007, 08:32 AM	#14
BtownBeers Join Date: 08-23-2004 Location: In Mrs. Jays Pants! Posts: 22,216	Maybe the falcons could just let him off the hook with 5 extra years in prison so they can cut him since he will never fulfill his contract...that would be fun!