Indeed, the overwhelming portion of Vick's expenses were completely expected - tax bills and court-mandated payments to creditors left hanging when Vick went to prison on charges related to his Virginia dog-fighting operation.
About three-fourths of the $31 million he made since 2008 paid off taxes ($10.9 million), creditors ($9.2 million), lawyers and accountants ($2.7 million), with more going toward child support, according to TMZ.
Not exactly "squandering."
Furthermore, his living expenses have been restricted to $300,000 a year since a bankruptcy agreement last year.
"He's hardly living the high life," USA Today notes.
As for "broke," TMZ not only says, "Vick is now left with around $1.5 mil," it notes "that's nothing to sneeze at," and points out that "Vick signed a 6 year, $100 million contract in 2011 ... with almost $40 mil in guaranteed money, so he won't be poor - in rich terms - for much longer."
And that's not to mention continuing endorsement deals, a clothing line, or money from his memoir, Finally Free. Since being published last month, it has become the No. 1 selling football book, and the No. 6 sports book, according to Amazon.com this morning.
A lot of that money, though, will still go to Uncle Sam, and those creditors - banks, former business associates and even his last team, the Atlanta Falcons - will get 40 percent of his adjusted income until their $20 million is fully paid, according to previous Inquirer reports.
The creditors could be paid off in a couple of years, a Vick rep told USA Today.
Contact staff writer Peter Mucha at 215-854-4342 or pmucha@phillynews.com.
