Michael Dwayne Vick (born June 26, 1980), in Newport News, Virginia, is a National Football League (NFL) quarterback under contract with the Atlanta Falcons team, and is currently in prison and under suspension.
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 his team, 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 3 year prison 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. In early 2009, it is anticipated that he will enter a federal half-way house program, a procedure often used for transitioning prisoners near completion of their sentences.
As a result of the dog fighting-related events, his financial affairs were severely affected by lost income, legal expenses, litigation, and mismanagement by a series of friends and financial advisers. That led to a personal reorganization bankruptcy filing 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 7 friends and relatives, including his mother and brother, and 3 children. In discussing his financial reorganization plan, his attorneys have told the bankruptcy court 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."