This is interesting, a part of his life history .... I think Virginia Tech should be suspended from the NCAA ...... for just letting Vick enter the university ...
Due to the extreme physical demands and the affects of human aging, the career longevity of NFL players (and most other athletes) is by nature limited to a shorter time than many other occupations. There has been widespread speculation about Vick's physical conditioning and retention of skills after almost two years away from active participation. However, he reportedly has stayed in good physical condition during his federal incarceration, working out and playing basketball. He also did work some physical work as an inmate, earning less than a dollar a day (before taxes).
During his incarceration, Vick's financial condition was rapidly deteriorating due to virtually having no income and substantial ongoing expenses for attorneys, maintaining at least 6 luxury homes in Virginia, Georgia, and Florida, providing living expenses and about 10 vehicles for friends and relatives. With debts millions of dollars in excess of assets, and facing judgments and collection efforts by some of the creditors, his attorneys filed for federal bankruptcy protection under Chapter 13 on his behalf in July 2008.
Vick's Initial Reorganization Plan submitted to the Bankruptcy Court in the Spring of 2009, with his release from federal custody due in about 4 months. The plan relied upon Vick again earning a very substantial income as a professional football player, which he could not assure the court. Testifying on April 3 in Newport News, Vick told the bankruptcy court judge that he believes he can play pro football for another 10 years.[26] His agent, Joel Segal, testified that he hopes to secure Vick a well-paying contract to play football with another NFL team after his suspension is lifted and after the Falcons release him from his current contract to trade it to another team.
Vick wanted to start the bankruptcy plan May 1, 2009, but could only demonstrate a commitment for a construction job paying approximately $20,000 per year arranged by the rector of Virginia Tech, an old friend and long-time supporter. However, his plan, even after divesting many assets, would have required at least $200,000 annually to maintain two of the homes in Virginia, 3 expensive vehicles, and continue to provide a comfortable living for a number of people as he has been, notably his mother, brother, a former girlfriend and their son, and his fiancee and their two children. The plan was rejected by Judge Frank Santoro on April 3, who said the numbers simply didn't work.
He agreed to allow Vick time to plan a much more modest plan. DUH
