Falcons could get salary cap relief from Vick deal
The Falcons could receive future salary cap credits from the $6.5 million that former quarterback Michael Vick still owes them according to Mike Florio of Pro Football Talk. Such credits are reviewed on a case-by-case basis according to NFL spokesman Greg Aiello, and whether or not the Falcons can get some added cap relief is under review by the league.
Vick signed a six-year $100 million contract with the Philadelphia Eagles on Monday and owes creditors more than $20 million stemming from unpaid debts due to his 2007 incarceration. According to CNBC’s Darren Rovell those debts are expected to be paid in full by 2014 thanks to the money from Vick’s new contract.
In 2009, the Falcons sought to reclaim close to $20 million in bonus money paid to Vick from a previous contract paid in 2004 that exceeded $100 million. But a bankruptcy court ruled that Vick would only owe $6.5 million.