The $17 million is just the tip of the iceberg. Besides losing his freedom, Falcons contract, almost three years of his NFL prime and all of the endorsements because of his dogfighting arrest, Vick probably cost himself over $100 million.
He was forced to file bankruptcy and ever since then almost every dollar he has made, has went to someone else.
Michael Vick's NFL salary has been used to pay $17.3 million to his creditors from bankruptcy case following dogfighting
— Scott MacFarlane (@MacFarlaneNews) August 5, 2014
Michael Vick creditors have receive about $0.82 on the dollar in his 5-year bankruptcy case, in part due to Vick's recent NFL success/salary
— Scott MacFarlane (@MacFarlaneNews) August 5, 2014
Michael Vick's recent NFL success helped generate $17 million for creditors from bankruptcy case following dogfights pic.twitter.com/VpJ3pvghyp
— Scott MacFarlane (@MacFarlaneNews) August 5, 2014
The good news is Vick’s bankruptcy will be cleared by next season, maybe that is the reason why he said he wanted to play until he was 40, so he can have some seasons where they majority of his salary wasn’t going to someone else.