Michael Vick is being sued for breach of contract. Tim McManus of The Philly Post reports that J.O. Sports Company is suing Vick because he "failed to live up to an agreement that paid the quarterback $101,500." McManus also provided a copy of the suit.
That agreement reportedly involved Vick supplying the company with game-worn merchandise and attending private signings.
Not surprisingly, Vick and his people do not feel this suit is justified. As McManus points out, they are not denying that the deal was not fulfilled.
However, they claim that Vick terminated the relationship in October 2011, and Vick certainly would have had ample reason to end this relationship.
Jarrod Oldridge, of J.O. Sports, has been accused of some incredibly shady business practices. He was formerly indicted on several charges and ended up pleading guilty to mail fraud.
McManus points out that the original charges levied against Oldridge included "doctoring jerseys to make them appear game-worn to increase the value."
Given these charges, it is easy to believe Vick's side when they say they terminated the relationship. The last thing Vick, who has worked so diligently on rebuilding his reputation, needs is to be associated with a businessman who has this kind of dirty reputation.
This is certainly something that does not appear to be lost on Vick. McManus provided this quote from Vick, which was released through his P.R. firm.
My primary concern is for my fans. If my fans want to buy game-used memorabilia, it is important that the merchandise is 100 percent authentic.
Given the information available on this story, I'd be shocked if this suit resulted in anything more than Vick paying a tiny settlement.