Hoosier_Vol
Vol Stuck in B1G 10 Hell
- Joined
- May 26, 2005
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Two-thirds of every dollar Vick earns goes to creditors and taxes.
The rest of the money is strictly controlled. Think of it as an allowance.
Vick can spend $4,250 per month on rent and utilities and $472 per month on a car. His mother, who was on Vick's payroll during his headier, pre-prison days, can receive $2,500 per month.
Other obligations Vick owes include mortgages, child support, fees for his agent (who gets $800,000 through 2015) and for his tax lawyers (who will eventually receive a total of $2.6 million). The allowance does allow for Vick to pay $1,355 per month for private school for the two children he has with his fiancee, Kijafa Frink. (Munson calls it a "rare bit of extravagance.")
His creditors stand to receive $12 million through 2015, provided Vick continues to receive a multi-million dollar salary.
Despite success on field, Michael Vick still faces massive debt - Shutdown Corner - NFL - Yahoo! Sports
The rest of the money is strictly controlled. Think of it as an allowance.
Vick can spend $4,250 per month on rent and utilities and $472 per month on a car. His mother, who was on Vick's payroll during his headier, pre-prison days, can receive $2,500 per month.
Other obligations Vick owes include mortgages, child support, fees for his agent (who gets $800,000 through 2015) and for his tax lawyers (who will eventually receive a total of $2.6 million). The allowance does allow for Vick to pay $1,355 per month for private school for the two children he has with his fiancee, Kijafa Frink. (Munson calls it a "rare bit of extravagance.")
His creditors stand to receive $12 million through 2015, provided Vick continues to receive a multi-million dollar salary.
Despite success on field, Michael Vick still faces massive debt - Shutdown Corner - NFL - Yahoo! Sports
