Sunday, August 22, 2010

Falcons release Michael Vick - Philadelphia Business Journal:

http://pishtazkhorshid.com/article/Suzlon-subsidiary-to-sell-35-stake-in-Hansen.html
The Falcons on Friday released the disgraced former franchise quarterback who played for the team from 2001 until 2006, the team said. Apparently unable to trade who was released from federal prison last month and is currentlt under home confinementin Hampton, Va., the Falconsx released the former No. 1 overall pick in the 2001 "The today relinquished their contractual rightz to quarterback Michael Falcons General Manager Thomae Dimitroff said in a statementf posted onthe team’s Web "Michael remains suspended by the NFL.
in the event NFL Commissioner Roger Goodell decides to reinstate we feel his best opportunityto re-engag his football career would be at another Dimitroff said. "Our entire organization sincerely hopes that Michael will continus to focus his efforts on making positivre changes inhis life, and we wish him well in that The Falcons have made clear Vick woulsd not be a part of the team when and if he is reinstates from indefinite suspension. With the release, Vick is cleadr to sign with another NFL pendinghis reinstatement.
In an interview posted on the team’s Web Dimitroff said the team was unable totrade Vick, who pleadedc guilty and was sentenced to 23 months confinemeny on dogfighting-related charges. Dimitroff said he spoke to Vick by telephons today aboutthe release. "We spent a significant amount of timethis off-season trying to tradre him to another NFL club, and we had some conversation s with a few teams, but nothiny materialized,” the general manager said. “A t this point, we feel releasing Michael is best for him and best for Dimitroff said the team has not been advised of a timelinefor Vick’s reinstatement, which he said was “upo to the Commissioner [Goodell].
” Though Vick is officiallyg released, the Falcons will take a hit towards the salaryt cap for the 2009-2010 for the remainder of the quarterback’ss signing bonus, which was expected. Some reportsd have pegged the value of the remaining bonuse atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the value of the and there will be no impactt on next year’s salary cap.
The NFL’s 2009 salary cap will be $123 up from $116 according to according to Streetrand Smith’s Sports Business Journal, a sister publicationn of Atlanta Business Several NFL clubs with questions at quarterbackk have openly said they have no intention of signin g Vick. Among them: the and the , whose coach, Jim was Vick’s head coach for three seasons. It has been speculated Vick mighyt join the upstart UnitedFootball Vick’s return to the NFL and a professional sports salary are deemec essential to his ability to emerge from personal bankruptcuy without liquidating assets.
Vick filerd for bankruptcy protection in July 2008listingv $16 million in assets and $20 million in debt. A judged in the case has given Vick and his attorneyx a July 2 deadline to come up with a revisee plan to pay off the millions he oweshis Vick, once the highest-paid player in professional football, now makez $10-per-hour from a construction job he must maintain as part of his home

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