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This is a discussion on Cha! Ching! within the Sports Forum forums, part of the Everything But Cigars category; Report: Arbitrator rules in favor of Falcons vs. Vick October 9, 2007 ATLANTA (Ticker) - The Atlanta Falcons can recoup ...
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10-09-2007, 10:24 PM
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#1 |
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just say no to stupid
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Cha! Ching!
Report: Arbitrator rules in favor of Falcons vs. Vick
October 9, 2007 ATLANTA (Ticker) - The Atlanta Falcons can recoup $20 million in bonuses from suspended quarterback Michael Vick following an arbitrator's ruling Tuesday. The Atlanta Journal-Constitution reported that a decision by arbitrator Stephen Burbank allows the Falcons to go after $19.97 million in signing bonuses from Vick, who was suspended indefinitely by the league after pleading guilty to federal dogfighting charges in August. "We are certainly pleased with today's ruling by NFL Special Master Stephen Burbank," the Falcons said in a statement. "It is the first step in a process that our club has undertaken in an attempt to recoup significant salary cap space that will allow us to continue to build our football team today and in future years." Both sides had presented their case to Burbank in Philadelphia on Thursday. According to the report, Burbank's ruling was different from a previous decision he made in a case involving the Denver Broncos and wide receiver Ashley Lelie. Burbank said the Falcons are entitled to recoup bonuses because payments to Vick do not apply to money earned - as was the case with Lelie - but for future services, which now cannot be earned because of the suspension handed down by Commissioner Roger Goodell. In the ruling involving Lelie, Burbank said teams could only try to recoup bonus money for players who have breached their contract. The bonus money stems from the 10-year, $130 million contract Vick signed in December 2004. The NFL Players Association said it is planning to appeal the ruling. "We will now appeal his ruling to Judge (David) Doty in Minneapolis," the NFLPA said in a statement. If Atlanta receives the bonus money from Vick, it will be applied to the team's salary cap for the 2008 season. The Falcons will not have to pay Vick's $6 million base salary this season. However, he still will count nearly $8.5 million against the salary cap. |
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10-10-2007, 08:35 AM
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#2 |
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Leading Puffer Fish
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Re: Cha! Ching!
Talk about sliding down the slope! Vick has stepped off the cliff - and it's going to be fun watching this POS fall!
__________________
Life should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways, cigar in one hand, martini in the other, thoroughly used up, and shouting "Woohoo! What a ride!" |
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10-10-2007, 01:29 PM
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#3 |
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No longer a community member.
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Re: Cha! Ching!
Vick Em!
he's getting what he deserves. |
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10-10-2007, 04:04 PM
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#4 |
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Evolving Lead Puffer Fish
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Re: Cha! Ching!
I'm glad they got the ruling. How will they collect it though? I bet he has blown most of it.
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10-10-2007, 09:34 PM
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#5 |
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In my office at the Bing
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Re: Cha! Ching!
I guess that will hurt his cigar budget............
__________________
Smoke-em if you got em 
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