Sources: Falcons get $3M cap credit
The NFL recently granted the Atlanta Falcons $3 million worth of salary-cap credits due to the money Michael Vick owed the franchise after the quarterback declared bankruptcy following a conviction on dogfighting charges while a member of the Falcons, according to league sources.
The Falcons signed Vick to a 10-year, $130 million deal in 2005 that made him the top-paid player in the league then. But Vick lost it all when he went to jail and he eventually filed for bankruptcy.
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2012 NFL DRAFT