Originally written on Larry Brown Sports  |  Last updated 10/2/12
Eaglesqb

Due to a combination of many factors, Philadelphia Eagles quarterback Michael Vick reportedly only has $1.5 million of the $31 million he has earned the last four years.


TMZ reported the news and completely misrepresented matters to make Vick look much more irresponsible than he is. Their headline says “MICHAEL VICK – I’ve Spent $29 MILLION In Four Years.”


The truth is that about a third of the $31 million — $10.9 million to be exact — went to taxes. I wouldn’t exactly call that spending. $9.2 million went to creditors to pay back debts. $2.7 million reportedly went to lawyers and accountants (he needs to find some cheaper lawyers and accountants because that is just a ridiculous amount).


Vick has about $1.5 million remaining, which means he has spent about $6.8 million over the past four years in child support and living expenses. If you figure about $1 million went to child support, that means he spent about $5.8 million in four years — or about $1.2 million a year to live.


We know he supports his wife, children, and other members of his family. While that is a lot of money to spend each year, Vick doesn’t appear to be nearly as fiscally irresponsible as TMZ and other outlets are making him out to be. Most people ignore that athletes pay taxes on their big contracts.


Vick could certainly stand to be more thrifty with his money, but he doesn’t appear to be blowing through it Vince Young-style.


Photo credit: Eric Hartline-US PRESSWIRE

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

WATCH: Notre Dame freshman TE Alizé Jones makes awesome one-handed grab

Brett Favre spoke to South Carolina football at practice

J.T. Barrett named Ohio State captain, not Cardale Jones

Kevin Sumlin tweets joke about Steve Sarkisian

Report: Redskins 'ready to move on' from Robert Griffin III, plan to start Kirk Cousins Week 1

Oregon starting QB added to roster two weeks ago

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

WATCH: Bournemouth’s Callum Wilson scores gorgeous goal

Arkansas freshman C.J. O’Grady arrested, charged with DWI

Michael Jordan’s ‘Space Jam’ uniform up for auction

Jameis Winston featured on a Publix banner

Rousey-Holm moved to UFC 193 Nov. 14 in Australia

Vin Scully will return to the Dodgers in 2016

NFL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Fantasy football round-by-round draft strategy

Ronda Rousey's Carl’s Jr. ad

The WWE Divas Revolution is getting ugly

The NFL’s season kickoff isn’t going as planned, but plans don’t matter in the NFL

The Opening Drive: What happened to all the great Michigan tailbacks?

The 1980s Lakers represent the NBA’s ultimate creation story

The Orioles’ frustrating season

Five greatest NBA players of all-time

Finding signs of life for the Red Sox

10 NFL players set for down seasons in 2015

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker