Atlanta Falcons, Michael Vick reach settlement on breach claim

Published on March 31, 2009 by     

michael_vick411

The Atlanta Falcons have reached a settlement with quarterback Michael Vick on their breach-of-contract claim that is still awaiting an appeals court decision on a grievance case, sources confirmed Monday.

Under the settlement, Vick has agreed to pay the Falcons $7.5 million if the team wins an appeal in the Eighth Circuit Court and $6.5 million if the court upholds U.S. District Judge David Doty’s decision that Vick is only liable for $3.75 million.

The settlement should pave the way for Vick’s imminent release from the team. He has remained under contract with the team while serving a 21-month prison term for his 2007 conviction for bankrolling a dogfighting operation.

The Falcons were awarded a $20 million claim by the NFL’s special master in a grievance filed against Vick, alleging he breached his contract when he was criminally convicted. However, Judge Doty overturned the special master’s ruling, saying that Vick was only responsible for $3.75 million, a pro-rated amount of his signing bonus.

In the settlement reached last week, sources say that Vick agreed to let the appeals court make a ruling but would only pay a maximum of $7.5 million and a minimum of $6.5 million. The appeals court is expected to rule no later than June.

Tags: , , , , , , , , , , ,

Fair Use Notice This website may at times present copyrighted material, the use of which might not always been specifically authorized by the copyright owner. Such material is made available in an effort to advance understandings of democratic, economic, environmental, human rights, political, scientific, and social justice issues, among others. The author believes that this constitutes a fair use of any such copyrighted material as provided for in section 107 of the U. S. Copyright Law. In accordance with Title 17 U.S.C. Section 107, the articles published on this website are distributed without profit for research and informational purposes. In most instances a link is placed to originator of Article and it is never expressly mentioned as written by, we use published by certain entities who write or publish for this said Blog..

Tell Us What's On Your Mind (0)




WP-SpamFree by Pole Position Marketing

REMEMBERING A LEGEND!

LATEST SEAHAWKS NEWS

_dsc4504

Keenan Lambert looking to be bigger than little brother to Kam Chancellor

There was a time not too long ago when Keenan Lambert went out of his way to avoid ...
cst_3w4c0158

Nine Things We Learned From Coach Pete Carroll At Seahawks Minicamp

Key takeaways from Seahawks head coach Pete Carroll's post-minicamp press conference on Thursday, June 18 at Renton's Virginia ...
150526-sherman

10 Things We Learned From Day 1 Of Seahawks OTAs

Key takeaways from Day 1 of Seattle's Organized Team Activities. The Seahawks held their first set of Organized Team ...
Seahawks  Russell Wilson Show Support During Cliff Avril  Jimmy Graham Losses   Seattle Seahawks.jp

Seahawks, Russell Wilson Show Support During Cliff Avril, Jimmy Graham Losses

The trio was tending to personal matters during Tuesday's voluntary workouts. Seahawks defensive end Cliff Avril, tight end Jimmy ...
i

Seattle Seahawks LB Bruce Irvin says he’ll be playing for Atlanta Falcons in 2016

Seattle Seahawks outside linebacker Bruce Irvin says he will be playing for the Atlanta Falcons in 2016."I'm going ...
470910296

Baldwin: Lynch will be more devastating with Graham

When the Seattle Seahawks traded for tight end Jimmy Graham, it marked a bold move that imported a ...
9EluR.AuSt.5

Tyler Lockett was star of Seahawks’ rookie minicamp

Sure, it’s only May. But there was a star shining as brightly as the brilliant Northwest sun in ...
_rm29892-2

Ex-Green Beret Nate Boyer Brings ‘Always Compete’ Attitude To Seahawks

Friday afternoon Nate Boyer took the field for the first time as a professional football player. Rookie minicamp provided ...

Shop for 2014 Seahawks Gameday Gear at NFLShop.com

Shop for 2014 Seahawks Gameday Gear at NFLShop.com

lat-noise-wre0011368363-20130915

WELCOME TO THE SEAHAWKS 12TH MAN ARMY.

WE TAKE PRIDE IN GIVING SEAHAWKS FANS AROUND THE CLOCK UPDATES,  ALL SEAHAWKS ALL THE TIME. SO IF YOU WANT THE LATEST SEAHAWKS NEWS DELIVERED FOR FREE RIGHT TO YOUR EMAIL BOX ONCE A WEEK, SIGN UP AND ENJOY!

WE HAVE BEEN PROUDLY SERVING DIEHARD SEAHAWKS FANS SINCE 2004.

Enter your Email

Preview | Powered by FeedBlitz