UPDATE: Nike now is contradicting VIck's agent, saying they do not have a deal with the Eagles quarterback.

Then again, some people are making out OK in this lousy economy.

Take Michael Vick, for example.

Sure, he did two years in the slammer on a dogfighting rap. He lost his
$15 million contract. And his old team came after him for millions they paid him up front in bonus money when he was in the slammer instead of the huddle.

But Vick is on the rebound.

He signed a deal believed to be worth $1.5 million with the Eagles. In terms of the NFL, that’s chump change. Vick proved to be a bargain. He’s no doubt hoping to parlay this situation with the Birds into another starting job somewhere, and another big-bucks contract.

Then yesterday, his agent announced Vick had signed a new deal with Nike. I’m not making this up.

It’s one thing for Vick to return to the playing field. That’s what he does. I have no problem with that. He did his time. He seems contrite.
He’s saying all the right things.

But I’m not sure I see the wisdom in Nike throwing a new deal at a guy who remains in many people’s minds connected to the brutal killing of dogs.

Vick was once the brightest star in Nike’s galaxy. Then came his guilty plea in the dogfighting case. The company halted the release of a new Vick shoe and called cruelty to animals “inhumane, abhorrent and unacceptable.”

That was then, this is now. Yesterday Nike welcomed Vick back to the fold. Vick’s agent would not reveal the terms of the deal. Nike is not talking.

Actually, they’re saying plenty.

The Redemption of Michael Vick continues. We should all be so lucky.