What's buzzing:

Shutdown Corner

Report: Michael Vick has gone through $29 million since 2008

MJD
Shutdown Corner

View photo

.

AP

The folks at TMZ have gotten their hands on legal documents related to Michael Vick's bankruptcy case, which is great news for those of you who closely follow the details of Vick's financial situation.

According to TMZ, Vick has banked $31 million since he filed for bankruptcy in 2008, and has spent nearly all of that. Don't get too excited ‒ it's not like he blew all the money on Bentleys or mansions or building a llama fighting pit in his backyard. Most of the money went to boring stuff. Quoth TMZ:

The math is pretty simple -- Vick had to pay a total of $29.6 mil -- of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses.

All of which leaves Vick with about $1.5 million currently, which isn't bad for a guy who's bankrupt. And, as TMZ points out, things will turn up for Vick. In 2011, he signed a contract with the Eagles that guaranteed him $35.5 million.

He can make substantially more than that if he stays with the Eagles past this year, but there's no guarantee that will happen. He didn't have a great year in 2011, and his 2012 isn't off to a great start, either. At his salary, no one would blame the Eagles if they wanted to let him go, unless he quickly regains his form from 2010. His Sunday night performance against the Giants was a good start, but that's got to happen with more consistency.

But again, $35.5 million is guaranteed to be coming his way, no matter how poorly he plays. If you've been saving your pennies in a jar and sending them to Michael Vick, you can stop now.

Fantasy advice from the Yahoo! Sports Fantasy Minute:

Other popular content on the Yahoo! network:
Miguel Cabrera sits out Tigers' raucous celebration
Refs' reign of error not enough to hold Packers down
Traffic jam in China sparks impromptu tennis matches
GrindTV: Clever octopus caught untying, stealing bait

View Comments (3023)
  • Frightening Daytona wreck puts NASCAR safety in spotlight

    Frightening Daytona wreck puts NASCAR safety in spotlight

    Riding bumper-to-bumper at nearly 200 mph, Austin Dillon was smack in the middle of a pack of cars headed to the checkered flag when he was suddenly sent on the ride of his life. A wreck that began three rows ahead of him sent cars spinning all … More »

    AP - Sports - 5 minutes ago
  • Blue Jays' Russell Martin, Jose Bautista joining Donaldson at MLB all-star game

    Canadian Russell Martin and Jose Bautista will represent the Toronto Blue Jays as reserves at the MLB all-star game on July 14. The league announced pitchers and reserves that will represent both the American and National Leagues on Monday. … More »

    The Canadian Press - 6 minutes ago
  • Djokovic recovers as match suspended, Serena wins

    Djokovic recovers as match suspended, Serena wins

    By Toby Davis LONDON (Reuters) - After three hours and two minutes of combat, Novak Djokovic and Kevin Anderson were forced off court in the twilight with their last 16 clash tantalisingly poised at two sets all and their Wimbledon audience begging … More »

    Reuters - 7 minutes ago
  • Mayweather stripped of title he won in Pacquiao fight

    Mayweather stripped of title he won in Pacquiao fight

    (Reuters) - Floyd Mayweather Jr. has been stripped of the welterweight world title he won after beating Filipino Manny Pacquiao this year for failing to comply with rules, the World Boxing Organization said on Monday. Mayweather, who improved to … More »

    Reuters - 9 minutes ago
  • Boxing-Mayweather stripped of title he won in Pacquiao fight

    Floyd Mayweather Jr. has been stripped of the welterweight world title he won after beating Filipino Manny Pacquiao this year for failing to comply with rules, the World Boxing Organization said on Monday. Mayweather, who improved to 48-0 by … More »

    Reuters - 16 minutes ago