Granted, juggling a superstar-level football career and an illegal dogfighting ring can be tough, but Michael Vick probably could've handled his finances better.Or at the very least watched MC Hammer's 'Behind the Music.'
According to recent reports, the former Falcons quarterback (currently serving a 23-month prison sentence) filed for bankruptcy after finding himself in a "precarious financial position." (Read: broke, but not that broke ... yet).
In Chapter 11 papers filed Monday in federal court, Vick cites debts of between $10 million and $50 million, in addition to assets of $10 million to $50 million. Furthermore, Vick owes $3.75 million from a prorated signing bonus, $4.5 million to Joel Enterprises for a breach of contract, and $2.5 million to Royal Band of Canada for a real-estate loan.
Vick's lawyers said in the filing that they hope he "can, after the conclusion of the bankruptcy case, rebuild his life on a personal and spiritual level, resurrect his image as a public figure, and resolve matters with the NFL such that he can resume his career.''
(Read: Make money)




CHARLIE MCCARTHY, AP
TOM CANAVAN, AP
The


NEW YORK (AP) - Isiah Thomas was fired as coach of the New York Knicks on Friday after a season of listless and dreadful basketball, a tawdry lawsuit and unending chants from fans demanding Thomas' dismissal.