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RICHMOND, Va. (AP) — Michael Vick apologized Monday for “using bad judgment and making bad decisions” and vowed to redeem himself after pleading guilty to a federal dogfighting charge.

“First I want to apologize for all the things that I’ve done and that I have allowed to happen,” the star quarterback said at a news conference following his appearance in U.S. District Court to formally enter the plea.

Sentencing was set for Dec. 10 and Vick could be sent to prison for one to five years. Vick was suspended indefinitely by the NFL last week.

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ATLANTA, UPI–Aug. 25 Michael Vick stands to lose upwards of $100 million after his admission Friday to federal charges connected to dogfighting.

That figure could skyrocket to upwards of $144 million, according to The Atlanta Journal Constitution, reporting Sunday that lost Nike contracts, an Atlanta Falcons bonus and other deals gone South could make Vick’s career sack the biggest reversal of fortune in NFL, or even U.S. sports, history.

The beleaguered Atlanta Falcons quarterback signed a plea agreement admitting conducting an enterprise including gambling and the sponsoring and transporting of dogs in dogfighting operations.

Afterward, he was suspended indefinitely without pay by NFL Commissioner Roger Goodell.

Falcons’ owner Arthur Blank said the team wants to recover its $22 million bonus from the 10-year, $130 million contract Vick signed in December 2004. Read the rest of this entry »

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Associated Press—-The NFL indefinitely suspended Michael Vick without pay Friday just hours after he acknowledged in court papers that he did, indeed, bankroll gambling on dogfighting and helped kill some dogs not worthy of the pit.

Vick, however, insisted he placed no bets of his own nor took any winnings.

In disciplining Vick, commissioner Roger Goodell said Vick’s admitted conduct was “not only illegal but also cruel and reprehensible” and regardless whether he personally placed bets, “your actions in funding the betting and your association with illegal gambling both violate the terms of your NFL player contract and expose you to corrupting influences in derogation of one of the most fundamental responsibilities of an NFL player.”

WARNING: graphic photo…of one of Vick’s Victims:

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