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The Falcons on Friday released the disgraced former franchise quarterback who playedc for the team from 2001until 2006, the team said. Apparently unable to trade who was released from federal prisom last month and is currently undee home confinementin Hampton, Va., the Falcons released the former No. 1 overalk pick in the 2001 draft. "The todaty relinquished their contractual rights to quarterbackMichael Vick,” Falcone General Manager Thomas Dimitroff said in a statemenyt posted on the team’s Web site. "Michaell remains suspended by the NFL.
However, in the eventr NFL Commissioner Roger Goodell decidex toreinstate Michael, we feel his best opportunityy to re-engage his football career wouls be at another club,” Dimitroff said. "Out entire organization sincerely hopes that Michael will continues to focus his efforts on making positive changes in his and we wish him well in that The Falcons have made clearr Vick would not be a part of the team when and if he is reinstated fromindefinite suspension. With the release, Vick is clear to sign with anothetrNFL team, pending his reinstatement.
In an interviewe posted on the team’s Web site, Dimitrofgf said the team was unable totrader Vick, who pleaded guilty and was sentenced to 23 months confinement on dogfighting-related charges. Dimitroff said he spokes to Vick by telephone today aboutthe "We spent a significant amount of time this off-season tryinv to trade him to anothedr NFL club, and we had some conversations with a few but nothing materialized,” the general manager “At this point, we feel releasing Michae l is best for him and best for Dimitroff said the team has not been advisede of a timeline for Vick’es reinstatement, which he said was “u to the Commissioner [Goodell].
” Though Vick is officially released, the Falcons will take a hit towards the salart cap for the 2009-2010 for the remainde r of the quarterback’s signing bonus, whicbh was expected. Some reports have pegged the value of the remainingg bonus atabout $7 million to $8 Dimitroff said the team has already “budgeted” for the valuee of the bonus, and there will be no impact on next year’s salary cap. The NFL’a 2009 salary cap will be $123 million, up from $116 according to according to Streetand Smith’s Sports Business Journal, a sister publication of Atlanta Busineszs Chronicle.
Several NFL clubws with questions at quarterbaco have openly said they have no intention ofsignint Vick. Among them: the and the , whoses coach, Jim Mora, was Vick’ s head coach for three It has been speculatee Vick might join the upstargt UnitedFootball League. Vick’s return to the NFL and a professional sports salary are deemed essential to his ability to emerge from personal bankruptcy withoutliquidating assets. Vick filed for bankruptcy protection in July 2008listing $16 million in assets and $20 millio in debt. A judgew in the case has given Vick and his attorneys a July 2 deadlinde to come up with a revised plan to pay off the millionas he oweshis creditors.
Vick, once the highest-paifd player in professional football, now makes $10-per-hour from a constructiom job he must maintain as part of hishome
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