Michael Vick might have paid his debt to society, but he certainly hasn’t paid his debts. Vick, who filed for bankruptcy two years ago while still in prison, owes creditors $20 million from a plan that was approved by the court in August of last year, two weeks after he signed a contract with the Philadelphia Eagles.
Last night, from his home in Richmond, Va., Andrew Joel watched Vick lead the Eagles to a 59-28 blowout of the Washington Redskins, accounting for 413 yards of total offense and six touchdowns.
“I don’t think I’ll get all of my money back, but I now think I’m getting more than I originally thought,” Joel told CNBC.
Out of all the people who have interest in Michael Vick’s future, Joel is near the top of the list. You see, his company Joel Enterprises is owed $6 million from Vick.
Vick signed with Joel’s agency for marketing and contract work in January 2001 when he declared he’d leave Virginia Tech after his senior season. But things quickly soured, and by the time Vick was the clear No. 1 pick in the NFL Draft just months later, he had already switched agent allegiances to Octagon.
“I put together a great team for him,” Joel said. “I had Jim Kelly and his brother Dan working on marketing and the deals we were putting together were the same deals Octagon worked on for him six months later.”Page 1 of 3 | Next Page