Michael Dwayne Vick (born June 26, 1980, in Newport News, Virginia) is a National Football League (NFL) quarterback under contract with the Atlanta Falcons. He has been under suspension from play by the NFL since August 2007. .
As a youth growing up in an economically depressed inner-city area, Vick became a stand-out high school football player in Newport News Public Schools, winning a football scholarship to attend Virginia Tech. Declaring for the 2001 NFL Draft, he was selected by the Atlanta Falcons. Playing professionally, he set records for both performance and the financial arrangements of his player contracts and commercial product endorsements. In 2006, he was "reportedly one of the top 10 richest athletes in the United States."
In April 2007, discovery of an elaborate dog fighting complex he owned in Surry County, Virginia led to criminal investigations by state and federal authorities, massive publicity, suspension from the NFL, loss of his promotional agreements, and both federal and state criminal charges. In August 2007, a U.S. federal district court convicted him and several co-defendants of criminal conspiracy. While serving a 23-month federal prison sentence, in November 2008, he submitted a guilty plea to a single Virginia felony charge for dog fighting, receiving a three-year prison sentence and $2500 fine, each suspended upon condition of good behavior for four years. In return for the plea agreements, additional federal and state charges were dropped. It is anticipated that he will enter a federal half-way house program in early 2009, which is a procedure often used for transitioning prisoners nearing completion of their sentences.
Largely as a result of the dog fighting-related events, his financial affairs were severely affected by lost income, legal expenses, and litigation. These were apparently worsened by mismanagement and possibly fraudulent actions by a series of friends and financial advisers. He filed a personal reorganization bankruptcy in federal court in July 2008. His assets were estimated at $12 million, with liabilities of $20 million. While in prison, Vick's income was reduced to wages of less than a dollar a day. During this same time, his attorneys estimated that he was spending $30,000 a month to support seven friends and relatives, including his mother, brother, and three children. In discussing his financial reorganization plan, his attorneys have told the bankruptcy court that they are still trying to account for over a million dollars entrusted to a friend. They told the judge that Vick "has every reason to believe that upon his release, he will be reinstated into the NFL, resume his career and be able to earn a substantial living", which would be the primary source of funds to repay his creditors.