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Michael Vick repaying last of his bankruptcy debt

Michael VickMichael Vick was in poor financial shape after going to prison for running his Bad Newz Kennels dog fighting ring, and he filed for bankruptcy in 2008. Vick had to give back some of the signing bonus money he accepted from the Atlanta Falcons, and he owed millions of dollars in outstanding debts. But after years of having financial struggles, it looks like Vick is close to finally paying off all of his bankruptcy debt.

The Virginian-Pilot reports that Vick’s bankruptcy case will be ending in the coming months and that he has paid 75 percent of his debts.

Vick agreed to pay $6.5 million back to the Falcons for the signing bonus he accepted. He owed in the range of $5 million to his former agent. He also owed a few million to a bank for real estate loans. His total debts reportedly were around $20 million.

Vick filed for bankruptcy and was confident he would be able to pay back his debts, even when his prospects of earning additional income looked bleak.

After being released from prison, Vick signed on as a backup quarterback for the Philadelphia Eagles. Vick was signed for $1.6 million in 2009 and $5 million in 2010. The Eagles gave him 6-year, $100 million contract in 2011, but the sides agreed to restructure the deal this year. Vick is earning around a $7 million base salary this season, with incentive clauses that could take the amount to $10 million.

H/T Shutdown Corner

Michael Vick named Philadelphia Eagles starting quarterback over Nick Foles

Michael-Vick-NFL-top-100-list-jokeThe Philadelphia Eagles’ quarterback competition finally came to a close on Tuesday, when Chip Kelly officially named Michael Vick the team’s starting quarterback. He has beaten out second-year signal-caller Nick Foles for the job.

For those who have watched the Eagles during the preseason, the move is not a surprise. Vick has been incredibly sharp in two games, completing 13 of 15 passes for 199 yards, a touchdown and no interceptions. He connected with DeSean Jackson on a perfectly thrown deep ball against the New England Patriots in Philly’s first preseason game and has been very accurate throwing the ball down the field.

Prior to preseason play, the common belief was that the odds were stacked against Vick. He will carry a much bigger cap hit than Foles this season, so the assumption was that Vick would have to outshine Foles in order to justify the money he is being paid rather than simply keep pace with him. He has done just that and obviously proven his worth to Kelly.

Of course, things can change in a hurry. Vick has been incredibly injury prone throughout his career and Kelly runs a unique offense, so I wouldn’t be surprised to see Foles play a major role for the Eagles this season. But for now, Vick simply appeared to respond more to the challenge of battling for a starting position.

Michael Vick forgives Riley Cooper, disagrees with Marcus

Michael VickMichael Vick forgives his Philadelphia Eagles teammate Riley Cooper for using a racist slur while at a Kenny Chesney concert. He also says he disagrees with the harsh words of his brother, Marcus, who wanted to put a bounty on Cooper.

Cooper was fined $1,000 by the team for his comments, and he quickly apologized after video of his slur went viral on Wednesday. Cooper also apparently came to his teammates and apologized to them.

Vick told reporters that Cooper apologized to them and that there was an open dialogue among the team after his apology. He said he forgave Cooper and that he disagrees with what his brother tweeted.

[Video: Riley Cooper uses racial slur at Kenny Chesney concert]

“We all make mistakes in life… As a teammate, I forgave him,” Vick told reporters.

“My brother has to not show a certain level of ignorance himself,” Mike said of brother Marcus, via the LA Times’ Sam Farmer.

Vick also tweeted the following note:

Though Vick forgives Cooper, others may not be so quick to forgive. According to Jeff McLane of the Philly Inquirer, wide receiver Jason Avant said that although some already have forgiven Cooper, it may take a while before others do.

Who figured that in all this mess, it would be Michael Vick coming across as the most mature individual?

Photo: Twitter/Jeff McLane

DeSean Jackson: Michael Vick will ‘probably’ be Philadelphia Eagles starter

Michael-Vick-NFL-top-100-list-jokeOne thing Chip Kelly has already had success with at the NFL level is keeping everyone in the dark about who the Philadelphia Eagles’ starting quarterback will be come Week 1. There have been a few stray reports about the ongoing competition between Michael Vick and Nick Foles, but we have yet to hear anything concrete.

Despite the uncertainty, DeSean Jackson has his own prediction.

“In my opinion, honestly, I don’t want to be put on the spot, I know y’all gonna do me like that, but Michael Vick’s got a lot of confidence in himself,” Jackson told ESPN earlier this week (via PhillyMag.com). “He’s been there, going on 12 years in the NFL, I think he’ll get the job.

“Nick Foles is a great, great talent coming in from Arizona, actually a Pac-12 guy. He has the hype, he has the skills as well too. Going into camp, I think Michael Vick will probably be the starter, but we still don’t know. I think Chip Kelly’s gonna keep everybody honest and keep everybody open.”

That’s exactly what Kelly has done to this point, but a recent report indicated Foles may have the edge over Vick. It should be noted that even Jackson has had to speak to Kelly this offseason to clarify his role with the team, so the former Oregon coach has a lot of people guessing.

As we mentioned before, Vick may really have to outplay Foles to win the job. Vick carries a much bigger cap hit than Foles ($7 million) if he makes the 53-man roster. Plus, Kelly could be looking to start fresh as he begins his NFL coaching career. With the way it has gone so far, we’ll probably have to wait until preseason begins to get our answer.

Helmet smack to Around the League

Nick Foles believed to have edge over Michael Vick for Eagles starting job

Nick-Foles-EaglesWhen most of us think about the 2013 Philadelphia Eagles, we think about the exciting possibilities that exist with Michael Vick running Chip Kelly’s offense. Second-year quarterback Nick Foles may have something to say about that by the time training camp comes to a close.

According to CSNPhilly.com Eagles insider Geoff Mosher, Foles has a better chance to earn the starting quarterback job this summer than Vick. Before the NFL Draft, Mosher said he felt Vick was in line to win the job. Now that Philly has drafted Matt Barkley, the landscape has changed.

You could make the argument that drafting Barkley proves Kelly is not necessarily looking for a mobile quarterback to run his offense. Vick and Foles have been splitting all of the reps in practice almost right down the middle, but Vick is much older and more expensive. Even with his restructured deal, the 33-year-old will be owed more than $7 million if he makes the Eagles’ roster.

[Related: Michael Vick doesn't like sharing reps with Nick Foles]

Foles and Barkley, on the other hand, are signed to much more team-friendly contracts. As Mosher mentioned, new NFL coaches tend to like building their programs around young players as opposed to veterans. Even if Vick and Foles are dead even in their offseason competition, Kelly might lean toward naming Foles the starter, keeping Barkley as the backup and releasing Vick.

If Kelly feels he can do as much with Foles as he can with Vick, Philadelphia’s salary cap situation gain a lot of flexibility.

H/T Rotoworld

Michael Vick doesn’t like sharing first-team reps with Nick Foles

Michael-Vick-NFL-top-100-list-jokeChip Kelly has made it clear that he will be holding an open competition for the Philadelphia Eagles’ starting quarterback position all summer, and that may be starting to weigh on Michael Vick. According to Rob Edwards of the South Jersey Times, Vick took the majority of the first-team snaps on Thursday at the last day of mini-camp. But he wants to earn all of them.

“It’s tough (not taking all first-team snaps),” Vick said. “I have continued to be a professional and put feelings and emotions to the side. I’d be lying if I said it wasn’t (tough). I have to deal with it and keep dealing with it until I see otherwise.

“(Coach Kelly and I) haven’t talked about it yet. Coach knows exactly what he’s doing and we don’t question him, we just listen.”

Foles is probably already a better passer than Vick at this stage in his career. He has reportedly been impressive with some throws during practice while Vick has struggled a bit, but common sense would tell you Vick is a better fit for Kelly’s offense.

If Kelly intends to incorporate anything similar to what he was running at Oregon, he needs a mobile quarterback. The advantage there obviously goes to Vick, though Chip would be dumb to not make him earn it. Foles also has an advantage in age, which Vick knows.

“I feel good with where I’m at,” he said. “I have to continue to progress and keep drinking my youth juice.”

My guess is Vick wins the starting job unless he completely bombs at training camp. Despite what this former Eagles quarterback thinks, Kelly is probably going to run a spread offense that will benefit from having a quarterback who can run. That’s not to say Vick won’t make him change his mind by Week 6.

Michael Vick: I’m the fastest QB in the NFL

Michael-Vick-NFL-top-100-list-jokeMichael Vick will have a lot to prove if he can earn the starting quarterback job with the Philadelphia Eagles this season, and he seems confident that he can prove plenty with the things he has said this offseason. The latest has to do with his speed. Simply put, Vick still feels that he is the fastest quarterback in the NFL.

“These guys are young and they’re fast and they’re quick, the thing I do have is a very quick get-up,” Vick told The Dan Patrick Show on Friday, via Pro Football Talk. “I really don’t feel like there’s a quarterback in the league who can beat me in a 40-yard dash. If somebody wants to set something up, I’ll be more than glad to accept the challenge. But as of right now I’m going to say me. But Colin Kaepernick is fast and RG3 is fast as well.”

Quarterbacks seem to be getting more athletic as the years pass, and Robert Griffin III and Colin Kaepernick are two great examples of that. Vick struggled mightily last season while both of the aforementioned players burst onto the scene, but the veteran may have a point when it comes to speed.

Earlier this month, Vick reportedly dusted Eagles running back LeSean McCoy in a 40-yard sprint. McCoy is one of the more explosive players in the league, so beating him in that type of race by a large margin is no easy feat. Vick has made some horrible decisions with the ball over the past couple of years, but that has nothing to do with his speed and quickness. I wouldn’t be surprised if he beat RG3 or Kaepernick in a 40-yard dash.

H/T Pro Football Talk