March 29, 2009

Report: Michael Vick not destitute

Former NFL quarterback Michael Vick might have his luxurious Virginia home when he is released from federal custody, a Virginia newspaper reports.

It will depend on how Vick, who is nearing the end of his prison sentence, fares in bankruptcy court, The (Norfolk) Virginian-Pilot reported Sunday.

Vick was an all-ACC quarterback at Virginia Tech and a star with the Atlanta Falcons before a 23-month federal prison term for his role in a dogfighting case.

Vick has been incarcerated at the federal prison at Leavenworth, Kan. The Federal Bureau of Prison's Web site says he was moved to the Federal Transfer Center in Oklahoma City, apparently in transit for the bankruptcy case.

WSB-TV in Atlanta said last week that Vick was to remain in federal custody until July 20 but could be eligible for home custody or even early release. The Virginian-Pilot said he would be released in May.

The newspaper reported Vick owns a half-million-dollar home, a Lincoln Navigator, a Land Rover and two 50-inch flat-screen televisions.

But his post-prison holdings will depend on U.S. District Judge Frank J. Santoro's decision in his bankruptcy reorganization plan, the newspaper said.

A hearing is scheduled Thursday at Santoro's court in Newport News, Va., Vick's hometown.

Vick is seeking to retain millions of dollars worth of real estate and possessions, the newspaper said.

It added that Vick plans to return to professional football, with a percentage of his future income going toward paying back creditors and his lawyers.