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The Falcons on Friday released Vick, the disgrace d former franchise quarterback who played for the team from 2001untikl 2006, the team said. Apparently unable to trade Vick, who was releaseds from federal prison last montn and is currently under home confinementin Hampton, Va., the Falconxs released the former No. 1 overall pick in the 2001 "The today relinquished their contractual rightx to quarterbackMichael Vick,” Falcons General Manager Thomas Dimitroff said in a statementg posted on the team’sa Web site. "Michael remains suspended by the NFL.
in the event NFL Commissioner Roger Goodell decides toreinstater Michael, we feel his best opportunityg to re-engage his football career would be at another Dimitroff said. "Our entire organization sincerely hopes that Michael will continu to focus his efforts on making positive changes in his and we wish him well in that The Falcons have made clear Vick woulsd not be a part of the team when and if he is reinstater fromindefinite suspension.
With the release, Vick is clear to sign with anotheNFL team, pending his In an interview postee on the team’s Web Dimitroff said the team was unabler to trade Vick, who pleaded guilty and was sentencedc to 23 months confinement on dogfighting-related Dimitroff said he spoke to Vick by telephone today about the release. "We spent a significant amount of timethis off-seaso trying to trade him to another NFL club, and we had some conversationsw with a few teams, but nothing materialized,” the general manager said.
“At this point, we feel releasing Michaeo is best for him and best for Dimitroff said the team has not been advisedc of a timelinefor Vick’d reinstatement, which he said was “up to the Commissionefr [Goodell].” Though Vick is officially released, the Falcond will take a hit towardsx the salary cap for the 2009-2010 for the remaindef of the quarterback’s signing bonus, which was expected. Some reports have peggefd the value of the remainingy bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the value of the bonus, and therew will be no impact on next year’s salary cap.
The NFL’e 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’s Sportse Business Journal, a sister publication of Atlantas Business Chronicle. Several NFL clubs with questionse at quarterback have openly said they have no intention ofsigning Vick. Among them: the and the , whose coach, Jim was Vick’s head coach for three seasons. It has been speculatede Vick might join the upstart UnitedFootballl League. Vick’s return to the NFL and a professionalp sports salary are deemed essential to his abilit y to emerge from personal bankruptcy withouyliquidating assets.
Vick filed for bankruptcy protectionh in July 2008listing $16 million in assets and $20 million in debt. A judged in the case has given Vick and his attorneys a July 2 deadlinew to come up with a reviseds plan to pay off the millions he oweshis Vick, once the highest-paid player in professional now makes $10-per-hour from a construction job he must maintaibn as part of his home confinement.
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