A judge in Virginia has approved Michael Vick’s bankruptcy plan to repay $20 million to his creditors. Vick recently signed a two-year deal with the Philadelphia Eagles, with the second year of the deal being a team option.
U.S. Bankruptcy Judge Frank Santoro approved the plan Thursday on the condition that Vick retain a personal financial planner to manage his future earning with the Philadelphia Eagles.
Santoro says while Vick is ``at the pinnacle of his profession,'' he has proven unable in the past to manage his finances. The plan was overwhelmingly approved in a ballot by the creditors.
After the hearing, Vick was scheduled to return to Philadelphia to make his debut with the Eagles in a preseason game. Head coach Andy Reid expects to play Vick sometime in the first quarter, although it’s unclear how long the quarterback will play.
Oddsmakers from online sports book Sports Interaction have established the Eagles’ odds to win Super Bowl XLIV at 10/1 and the NFC Championship Game at 5/1.
Posted: 8/27/09 3:40PM ET