How Much of Vick's Cash Will He Actually Get to Keep?

How Much of Vick's Cash Will He Actually Get to Keep?

$100 million is an astronomical sum no matter how you cut it up, but given Mike Vick's past bankruptcy situation, he owes a whole lot of that number to creditors. CNBC's Darren Rovell actually digs in and takes a look at just how his money will be divided up.

The takeaway? Vick will make about 11 percent of what the Eagles pay him according to Rovell.

How does Vick make out? Well, he's allowed to
keep the money left over after his creditors are paid off on the
schedule made by the court. So next year, he starts with $17 million,
takes $300,000 for himself, gives $5.85 million to his creditors, pays
taxes and makes after taxes and makes required monthly payments to his
ex-girlfriend and his mother, among others. That leaves him with about
$3.7 million.

Of that, he has to pay the lawyers and accountants, 50 percent
($1,850,000). Vick can then bank the other $1,850,000, but can't touch
it. That means that on a $17 million salary, Vick will net about $1.88
million next year.

>>New Contract Means Vick's Creditors Can Get All Their Money Back By 2014

NBC Sports Philadelphia Internship - Advertising/Sales

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NBC Sports Philadelphia Internship - Advertising/Sales

Position Title: Intern
Department: Advertising/Sales
Company: NBC Sports Philadelphia
# of hours / week: 10 – 20 hours

Deadline: November 20

Basic Function

This position will work closely with the Vice President of Sales in generating revenue through commercial advertisements and sponsorship sales. The intern will gain first-hand sales experience through working with Sales Assistants and AEs on pitches, sales-calls and recapping material.

Duties and Responsibilities

• Assist Account Executive on preparation of Sales Presentations
• Cultivate new account leads for local sales
• Track sponsorships in specified programs
• Assist as point of contact with sponsors on game night set up and pre-game hospitality elements.
• Assist with collection of all proof of performance materials.
• Perform Competitive Network Analysis
• Update Customer database
• Other various projects as assigned

Requirements

1. Good oral and written communication skills.
2. Knowledge of sports.
3. Ability to work non-traditional hours, weekends & holidays
4. Ability to work in a fast-paced, high-pressure environment
5. Must be 19 years of age or older
6. Must be a student in pursuit of an Associate, Bachelor, Master or Juris Doctor degree
7. Must have unrestricted authorization to work in the US
8. Must have sophomore standing or above
9. Must have a 3.0 GPA

Interested students should apply here and specify they're interested in the ad/sales internship.

About NBC internships

Kyrie Irving fined $25,000 for his inappropriate comments to Sixers fan

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Kyrie Irving fined $25,000 for his inappropriate comments to Sixers fan

NEW YORK — The NBA has fined Boston Celtics guard Kyrie Irving $25,000 for responding to a fan with inappropriate language.

Kiki VanDeWeghe, the NBA' executive vice president of basketball operations, announced the fine Sunday.

Irving spoke to a fan at halftime of Boston's 102-92 win over the Philadelphia 76ers on Friday night (see story). 

The NBA fined Pelicans center DeMarcus Cousins $25,000 for language he used toward a fan late in a loss to Memphis on Wednesday night in the season opener.