DailyFinance Toolbar

Nike denies it has re-signed Michael Vick, one day after Vick's announcement

Posted 2:00 PM 10/01/09 ,
Print Text Size A A A
Nike has sacked Philadelphia Eagles backup quarterback Michael Vick, contradicting the player's agent who said on Wednesday that the shoe giant had re-signed him. "Nike does not have a contractual relationship with Michael Vick," Nike said in a statement issued Thursday. Vick was released from prison in May after serving time for killing dogs for sport and profit.

It's understandable that Nike would be wary of resuming business with a man convicted of running an illegal dog-fighting operation that horrified the nation. Yet on Wednesday, Mike Principe, managing director of Vick's agency, BEST, apparently believing that Nike had re-signed his client, announced as much at an event hosted by SportsBusiness Journal. Without disclosing details of an arrangement, Vick's agent, Joel Segal, said, "Mike has had a great relationship with Nike and is excited to be part of the Nike team again."


But on Thursday, Nike denied that it had re-signed Vick but said it had agreed to supply "product" to him "as we do a number of athletes who are not under contract with Nike."

Sponsors have been been assessing whether to hitch their wagons to Vick, who served as the ringleader of Bad Newz Kennels, a Virginia compound where 70 dogs, mostly pit bull terriers showing signs of abuse, were seized. Vick had funded and organized dogfighting games where attendees abused drugs and bet on the animals. Several dogs were killed; others were maimed.

Nike and Vick had had an endorsement contract when he played for the Atlanta Falcons and thrilled NFL fans with his dynamic play. But the marketer dropped Vick after his guilty plea.

Vick served 20 months in prison and lost an estimated $100 million in salary and endorsements. Now reinstated by the NFL, Vick played in his first regular-season game since 2006 on September 27.

At least one advertising exec says Nike should resign Vick. "Why not?" says John Barker, president of BarkerDZP. "Vick is one of the most exciting athletes in all of sports, and America has a short memory. Snoop Dogg is America's endorsement darling, and the list of similar stories is long," says Barker. "Unless they come out with dog-leather shoes, they'll be fine."

Vick, having paid his debt to society, should be free to make a living. But hopefully the quarterback, who has said he wants to further make amends for his cruelty, will donate a significant chunk of his salary and any endorsement deals to animal-cruelty prevention.
Sam Gustin

Sam Gustin

View all Articles »
Senior Writer

Sam Gustin is a Senior Writer at DailyFinance, covering general business news with a particular focus on technology, finance, digital media, government regulation, and other topics. Previously he was a Contributing Writer at Conde Nast Portfolio, and a reporter and columnist at the New York Post. His work has also appeared in Wired.com, The Times of London, and the Village Voice. He is a graduate of Reed College and Columbia University.

Read More
SUBSCRIBE TO:
RSS
Twitter

EMAIL:
Sam Gustin
COMMENTS ( 0 )
GOT SOMETHING TO SAY?
YOU'LL BE ASKED TO REGISTER OR SIGN IN BEFORE POSTING A COMMENT.
Make a Comment
Comment
 
Follow Us
Follow Our Writers
Pallavi Gogoi Pallavi Gogoi Financial Writer
Peter Cohan Peter Cohan Financial Columnist
Sarah Gilbert Sarah Gilbert Features Writer
Gene Marcial Gene Marcial Financial Columnist
Jeff Bercovici Jeff Bercovici Media Columnist
James Altucher James Altucher Financial Columnist
Mercedes M. Cardona Mercedes M. Cardona Retail Reporter
Nikhil Hutheesing Nikhil Hutheesing Assistant Managing Editor
Latif Lewis Latif Lewis Business News Editor
More Writers

Headlines From DailyFinance Partners

CNN Money
CNBC
Smart Money
Fox Business
Engadget
BloggingStocks
 WalletPop
AOL Small Business
Luxist
Housing Watch
AOL News
Business NewsInvesting and Real EstatePersonal Finance at WalletPopSmall Business

Terms of Service | Privacy Policy | Trademarks | HELP

© 2010 AOL Inc. All Rights Reserved