Thursday, December 9, 2010

The Frugal Lifestyle of Michael Vick: Massive Debt Still Looms Heavy

Dr. Boyce Watkins, Syracuse University Scholarship in Action 

Oh what a tangled web we weave with our choices. A man with one of the most tangled financial webs in America is Mr. Michael Vick. Vick has re-positioned himself as one of the leading quarterbacks in the NFL, and I’m sure a massive financial offer is forthcoming at some point. But don’t expect Michael to be rolling pretty for quite a while, since I haven’t seen this many financial problems since the collapse of the Soviet Union.

Where do we begin? Let’s start with Vick’s stellar salary with the Philadelphia Eagles. Michael brings home a cool $4.1 million, which might seem like a lot of money for a man who didn’t just file bankruptcy while serving time in prison. A condition of the bankruptcy is that Vick doesn’t get to spend nearly any of the money he earns for anything other than absolute necessities. So, that means no Cristal at the club, no ‘blingin, flossin', shinin' or stuntin’ allowed, which seems to be the mandatory calling for far too many African American athletes.

 

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