Found May 03, 2012 on
Philly Sports Muse:
Here’s an interesting nugget of information. The Atlanta Falcons cap numbers in 2012 included $3 million in cap room credit from Philadelphia Eagles quarterback Mike Vick’s settling of debt with the team.Vick owed the Falcons money from a signing bonus received in 2007.
The credit ends a salary cap grievance by the Falcons against Vick. Atlanta was his biggest creditor in the financial ruin that beset him in the week of dog fighting charges. Vick owed the team $7.5 million after defaulting on his 2005 contract.
Atlanta received the credit from the league in March, but the inclusion of the credit from Vick was only recently reported .
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