Report: Vick to pay for dog care

ATLANTA (Ticker) - Michael Vick has reportedly agreed to pay almost $1 million for the care of 54 pit bull dogs found on his property during investigations into dogfighting.

CNN.com reported on Wednesday that Vick’s lawyer, William R. Martin, has filed court documents which state that Vick will pay $928,073.04 into an escrow fund by Friday.

The money is “to be used to pay whatever restitution money is ultimately ordered in this case,” the document, a consent order, states.

Vick had been ordered by federal prosecutors to prepare money for the care of the dogs. When Vick pleaded guilty to dogfighting charges earlier this year, he agreed to pay “restitution for the full amount of the costs associated with the disposition of all dogs” in the case.

The Atlanta Falcons quarterback, 27, is due to be sentenced next month.

On Tuesday, a court in Surry County, Virginia set a date of April 2 next year for a state trial to begin.

The CNN report added that prosecutors have highlighted Vick’s mounting financial problems.

Since his guilty plea, the Falcons have sought to recoup around $20 million in bonus money from the 10-year, $130 million contract he signed in 2004.

Court documents also show that Vick is facing an alleged default on a $1.3 million bank, a default on a line of credit worth $2.5 million and a default on $2 million worth of loans relating to a car rental business.

Vick is currently being held at Northern Neck Regional Jail in Warsaw, Virginia, after surrendering to authorities on November 19.


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Updated Wednesday, Nov 28, 2007