Michael Vick I've Spent $29 MILLION In Four Years

Michael Vick has blown through nearly $30 million since filing for bankruptcy in 2008 -- nearly 95% of his total income -- TMZ has learned.

According to legal docs filed in his bankruptcy case, Vick made $31 million since he went belly up -- that includes his Eagles salary and various endorsements and other business ventures.

The math is pretty simple -- Vick had to pay a total of $29.6 mil -- of that, $10.9 went to taxes, $9.2 mil went to creditors, $2.7 went to lawyers and accountants, and the rest is for various things, including child support and living expenses.

All tolled, Vick is now left with around $1.5 mil.  That's nothing to sneeze at, but considering what he made it's pretty shocking.

Things are looking up for the NFLer. Vick signed a 6 year, $100 million contract in 2011 ... with almost $40 mil in guaranteed money, so he won't be poor -- in rich terms -- for much longer.

source: tmz.com

Tebow traded to New York Jets

Quarterback Tim Tebow has been traded by the Denver Broncos to the New York Jets, the National Football League website NFL.com reported on Wednesday.

Tebow, a Heisman Trophy winner with the University of Florida, helped lead the Broncos to the playoffs last season but was traded one day after Denver signed free agent Peyton Manning.

The Jets acquired the unorthodox quarterback, who became the talking point of the NFL in helping the Broncos mount a six-game winning streak to get into the playoff picture, by sending a fourth-round draft pick and a sixth-round selection to Denver, who sent a seventh-round pick back the Jets along with Tebow.

The move by New York came after the AFC East team had signed young starting quarterback Mark Sanchez to a contract extention.

The Jets finished out of the playoffs last season with an 8-8 record, the same mark posted by Denver, but lost their last three games to fall out of contention.

Denver was looking to trade Tebow after they signed 11-time Pro Bowl quarterback Manning to a five-year $96 million deal. — Reuters

source: gmanetwork.com