Philadelphia Eagles quarterback Michael Vick who made $20 million last season — which included a $7 million signing bonus and a $3 million roster bonus — stands to make $12.5 million this year.
Next year his salary jumps to $15.5 million.
Unless, of course, the Eagles decide to dump him before the second day of the 2013 waiver period.
Then it’s nada. That’s right, that ballyhooed $100 million contract was etched in water.
BTW, Vick is a rather sad story for a 1 percenter. He has spent $29.6 million since filing for bankruptcy in 2008 on earnings of $31 million, according to TMZ.com. Of the $29.6 million, $10.9 million went to taxes, $9.2 million went to creditors, $2.7 million to lawyers and accountants, with the remainder going to things like living expenses and child support.
Now, those “living expenses” are $300,000 per year and he does have a million and a half left over so that still makes him a 1 percenter.
Just don’t tag him as a potential customer if you sell private jets.