Debts are easy to accrue but hard to pay. By nature of need, if you could pay for it in the first place, you wouldn’t have to borrow the money. Paying off debt became a lead story this week. The news wire recently came alive with the news of Michael Vick’s 6 year, $100 million dollar contract with the Philadelphia Eagles.
$100 million dollar contracts are not new in this sports age, but the celebration of a $100 million contract by creditors is. When Michael Vick went to jail over his dog fighting enterprises, he owed nearly $20 million dollars to various organizations. The largest debt was to his former team, the Atlanta Falcons, for over $6 million.
Since returning to football post incarceration, Vick has been on a payment plan to his creditors. In light of his new contract, Vick will make $20 million this year. Roughly $6 million will go to creditors, $8 million will go to taxes, and the remaining $5-6 million will go to Vick and his agents.
I’m sure no one is going to have sympathy for someone who gets a take home of $5 million, and I don’t think Vick has asked anyone for any either. The story just brings up a host of emotions.
Anger about Vick’s Past
Hope that people can start again
Shock that anyone could earn $100 million playing a game
Satisfaction that creditors are not getting goosed
No grand spiritual takeaway other than this: people can start again. No matter how glorious that redemption story is, quite often, there is debt to pay for one’s past. Starting again and not leaving people hanging in honorable.
This contract doesn’t bring Michael Vick’s redemption full-circle. It might bring his debt full-circle. The real measure of this success story is going to be the character that accompanies this contract and Vick’s play on the field.