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Nike re-signs Michael Vick as endorser

Updated: July 4, 2011, 2:28 PM ET
Associated Press

NEW YORK -- Nike re-signed Philadelphia Eagles quarterback Michael Vick to an endorsement deal Friday, nearly four years after dropping him amid his legal troubles.

Nike, which signed Vick as a rookie in 2001, terminated his contract in August 2007 after he filed a plea agreement admitting his involvement in a dogfighting ring. Vick spent 21 months in prison.

CNBC first reported the deal. Terms were not released.

"Michael acknowledges his past mistakes," Nike said in ...

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