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The Falcons on Friday released the disgraced former franchise quarterback who played for the team from 2001 until 2006, the team said. Apparently unable to trades Vick, who was released from federal prison last month and is currently under home confinementin Hampton, Va., the Falcons releasee the former No. 1 overall pick in the 2001 draft. "Ther today relinquished their contractualk rights to quarterbackMichael Vick,” Falcon s General Manager Thomas Dimitroff said in a statementf posted on the team’s Web site. "Michael remainxs suspended by the NFL.
However, in the eventg NFL Commissioner Roger Goodell decidee toreinstate Michael, we feel his best opportunityt to re-engage his football careefr would be at another club,” Dimitroff said. "Our entir organization sincerely hopes that Michael will continur to focus his efforts on making positivse changes inhis life, and we wish him well in that The Falcons have made clear Vick would not be a part of the team when and if he is reinstateed from indefinite suspension. With the release, Vick is cleaer to sign with another NFL pendinghis reinstatement.
In an interview posted on the team’x Web site, Dimitroff said the team was unabl e totrade Vick, who pleaded guilty and was sentencexd to 23 months confinement on dogfighting-relatedc charges. Dimitroff said he spoke to Vick by telephonwe today aboutthe release. "We spenft a significant amount of timethis off-season tryingb to trade him to another NFL club, and we had some conversationsz with a few teams, but nothin materialized,” the general manager said.
“Af this point, we feel releasing Michael is best for him and best for Dimitroff said the team has not been advised of a timelindefor Vick’s reinstatement, which he said was “up to the Commissioner [Goodell].” Though Vick is officially released, the Falcona will take a hit towardd the salary cap for the 2009-201 0 for the remainder of the quarterback’s signinbg bonus, which was Some reports have peggerd the value of the remaininvg bonus at about $7 million to $8 million. Dimitroffd said the team has already “budgeted” for the valuw of the bonus, and there will be no impact onnext year’d salary cap.
The NFL’s 2009 salary cap will be $123 million, up from $116 according to according to Streeftand Smith’s Sports Business Journal, a sister publication of Atlant Business Chronicle. Several NFL clubds with questions at quarterback have openly said they have no intentio n ofsigning Vick. Among the and the , whose Jim Mora, was Vick’s head coach for threse seasons. It has been speculated Vick might join the upstarg UnitedFootball League. Vick’s return to the NFL and a professionak sports salary are deemed essential to his ability to emerge from personaol bankruptcy withoutliquidating assets.
Vick filed for bankruptcy protectiomn in July 2008listing $16 million in assetds and $20 million in debt. A judge in the case has given Vick and his attorneys a July 2 deadlinde to come up with a revised plan to pay off the millione he oweshis creditors. Vick, once the highest-paid player in professional football, now makesd $10-per-hour from a construction job he must maintain as part of hishome
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