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Former NFL quarterback Michael Vick has agreed to pay nearly $1 million for the care of about 54 pit bulls found on his property during a dogfighting raid.
His lawyer William R. Martin said in court documents that Vick will deposit $928,073.04 by Friday to an escrow account.
The money is "to be used to pay whatever restitution money is ultimately ordered in this case," states the document, known as a consent order.
Prosecutors pointed in court documents to Vick's deteriorating financial condition. Among the points cited:
• The Atlanta Falcons' attempt to recoup bonus money from his 10-year, $130 million 2004 football contract,
• Vick's alleged default on a $1.3 million bank loan for a wine store,
• Another bank's lawsuit seeking payment for default on a $2.5 million line of credit,
• A third bank's lawsuit seeking at least $2 million for loans related to a car-rental business.
"In addition, published reports also indicate that Vick is in the process of selling assets, specifically a suburban Atlanta home listed at $4.5 million," the court papers said
Former NFL quarterback Michael Vick has agreed to pay nearly $1 million for the care of about 54 pit bulls found on his property during a dogfighting raid.
His lawyer William R. Martin said in court documents that Vick will deposit $928,073.04 by Friday to an escrow account.
The money is "to be used to pay whatever restitution money is ultimately ordered in this case," states the document, known as a consent order.
Prosecutors pointed in court documents to Vick's deteriorating financial condition. Among the points cited:
• The Atlanta Falcons' attempt to recoup bonus money from his 10-year, $130 million 2004 football contract,
• Vick's alleged default on a $1.3 million bank loan for a wine store,
• Another bank's lawsuit seeking payment for default on a $2.5 million line of credit,
• A third bank's lawsuit seeking at least $2 million for loans related to a car-rental business.
"In addition, published reports also indicate that Vick is in the process of selling assets, specifically a suburban Atlanta home listed at $4.5 million," the court papers said