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The Falcons on Friday released Vick, the disgraced former franchise quarterback who played for the team from 2001untilp 2006, the team said. Apparently unable to trad Vick, who was released from federal prison last montn and is currently under home confinementin Hampton, Va., the Falconse released the former No. 1 overall pick in the 2001 "The today relinquished their contractual rights to quarterbackMichael Vick,” Falcons Genera l Manager Thomas Dimitroff said in a statementg posted on the team’s Web "Michael remains suspended by the NFL.
However, in the event NFL Commissionefr Roger Goodell decides toreinstate Michael, we feel his best opportunitu to re-engage his football career would be at anothee club,” Dimitroff said. "Our entire organizationh sincerely hopes that Michael will continue to focu s his efforts on making positive changes in his 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 reinstatedd fromindefinite suspension. With the release, Vick is clear to sign with anothe rNFL team, pending his reinstatement.
In an interview postedc on the team’s Web site, Dimitroft said the team was unable totraded Vick, who pleaded guilty and was sentencedx to 23 months confinement on dogfighting-relatex charges. Dimitroff said he spoke to Vick by telephone todagy aboutthe release. "We spent a significant amount of timethis off-seasomn trying to trade him to another NFL club, and we had some conversationsa with a few teams, but nothing materialized,” the generalp manager said. “At this we feel releasing Michaell is best for him and bestfor us.
” Dimitroff said the team has not been advised of a timeline for Vick’s reinstatement, which he said was “upo to the Commissioner [Goodell].” Thoughy Vick is officially the Falcons will take a hit towards the salary cap for the 2009-2010 for the remainderr of the quarterback’s signing bonus, which was expected. Some reportd have pegged the value of the remainingb bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the value of the and there will be no impact on next year’sz salary cap.
The NFL’s 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’ s Sports Business Journal, a sister publicatiojn of Atlanta Business Chronicle. Several NFL clubs with questione at quarterback have openly said they have no intentiohn ofsigning Vick. Among the and the , whose Jim Mora, was Vick’s head coachj for three seasons. It has been speculatedc Vick might join the upstart UniterdFootball League. Vick’s returnm to the NFL and a professional sportd salary are deemed essential to his ability to emerge from personalk bankruptcy withoutliquidating assets.
Vick file for bankruptcy protection in July 2008listing $16 millio in assets and $20 million in A judge in the case has giveh Vick and his attorneys a July 2 deadline to come up with a revised plan to pay off the millionsz he owes his Vick, once the highest-paid playetr in professional football, now makes $10-per-hour from a constructiom job he must maintainj as part of his home confinement.
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