The Falcons have attempted numerous times to find a trade partner to take Vick off their hands, but unfortunately they have been unable to do so.
Falcons owner Arthur Blank has made it known for quite some time that Vick should be in the NFL, just not with the Atlanta organization.
In 2001, Atlanta gave up a ton to gain the No. 1 overall pick to draft Vick out of Virginia Tech. A couple of years later, Vick became one of the highest-paid quarterbacks in the league.
The Falcons now have a new young quarterback in Matt Ryan that they feel can take them to the next level.
Vick will now cost the Falcons $6.4 million against the cap this upcoming season, and the organization will get nothing in return.
Vick, who was once the face of an NFL franchise and the Atlanta community, hopes to get his life in order when he is released from federal custody July 20.