For the life of me I will never understand how professional athletes go through so much money. TMZ reported Thursday that Philadelphia Eagles quarterback Michael Vick has only $1.5 million left of the $31 million he earned over the last four years. Every time one of these stories comes out it, the media is called out for being racist. Black players make up 70% of the NBA and 80% of the NFL, just by pure numbers they are going to receive more coverage. As a side note I think that if people are really worried about racism in than they should try to figure out why 26 of the 32 starting quarterbacks in the NFL are white.
Regardless TMZ mischaracterized where Vick’s money went. Here is the actual breakdown:
$31.9 million (this is what he received over 4 years)
-$10.9 million in taxes( we all know you can not pay taxes cough cough Wesley Snipes.)
-$9.2 million to pay of debt (not sure how he got this much debt but I guess it’s good he paid it off).
-$2.7 million to lawyers and accountants (yeah he had to pay for his court fees from all the dog fighting stuff)
-$6.8 million in child support and living expenses (at least he pays his unlike some other pro athletes)
= $1.5 million left
So you see there is a perfectly reasonable explanation. And it isn’t so bad Vick is still a millionaire and he’s got at least another 3-5 solid years in the NFL left.