We said last night that Michael Vick's shaky financial situation has been taken care of thanks to his new $100 million contract with the Philadelphia Eagles.
The truth is a little more complicated, however. (For starters, the real number on the deal is closer to $40M.)
Vick will certainly be living comfortably for the next several years, but the vast majority of his new contract is already spoken for.
Before going to jail on dogfighting charges, Vick was bankrupted by his legal obligations and the cancellation of his then-record NFL contract.
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