Posted on Fri, May. 09, 2008

NFL NOTES: Judge rules Vick must repay $2.4 million loan

Wire Reports

A federal judge ordered imprisoned quarterback Michael Vick to repay more than $2.4 million to a Canadian bank for defaulting on a loan.

The Royal Bank of Canada sued Vick in September, arguing his guilty plea to a federal dogfighting charge -- and the resulting impact on his career -- prevented him from repaying the loan.

According to the suit filed in U.S. District Court in Newport News, Va., the loan's terms specify that any employment change negatively impacting Vick's income constitutes a default on the loan.

Vick is serving a 23-month prison sentence at the U.S. penitentiary in Leavenworth, Kan., after pleading guilty last year to bankrolling a dogfighting ring. He was subsequently suspended indefinitely without pay and lost all his major sponsors. He also faces state charges related to dogfighting.

The order Wednesday requires Vick to pay $2.4 million, plus $499 in interest per day, starting Sept. 19, 2007, and the bank's attorneys' fees and costs of $11,950 plus interest.

Browns LB set to retire

Browns linebacker Willie McGinest told SI.com on Thursday that the 2008 season will be his last. McGinest, who played 12 seasons and won three Super Bowls with New England, has played for the Browns since 2006.