Yesterday was a bad financial day for Michael Vick, and it had nothing to do with the falling stock market. Nike, Reebok, and Donruss all took action against Vick, bowing under the pressure from animal rights organizations to stop doing business with Vick after his indictment last week for dogfighting charges.
Nike has suspended Vick's endorsement contract without pay, and Donruss has removed Vick from all future 2007 packs. In the biggest surprise, Reebok, the maker of the official NFL jerseys, will pull Vick’s jersey from shelves. A Reebok spokeswoman told the A.P. that the company had never taken this action before.
from Judy Battista of the New York Times
The groundswell against Atlanta Falcons quarterback Michael Vick is about to reach his wallet.
Yesterday, Nike announced that it had suspended Vick’s endorsement contract without pay and would not sell any more Vick-branded products.
Vick, who has been indicted in federal court on charges of running a dogfighting ring, has had an endorsement deal with Nike since entering the National Football League as the first overall draft pick in 2001. While Vick’s name will all but disappear from the shoe racks, his contract has not been terminated because, a statement released by Nike said, Vick “should be afforded the same due process as any citizen in the United States.”