From Peter King at CNN/SI http://sportsillustrated.cnn.com/2007/writers/peter_king/08/26/mmqb/2.html
The contract, dated Dec. 24, 2004, has a signing bonus of $7.5 million included, plus roster bonuses of $22.5 million in 2005 and $7 million in 2006. That $29.5 million, I believe, is not retrievable, even if the Falcons claim either that it’s just another way to pay bonus money or it was later converted to a signing bonus in what would simply have been an accounting move. Here it is, in black and white, on the Player Contract Information Form on file with the league. “Roster Bonus.’’ And Vick was on the roster, of course, in both of those years. I think they’re out of luck.
I believe they can get some of that money back based on the fact that Vick has violated the terms of his contract.
For doling out that kind of money so irresponsible, Falcon certainly deserves to be screwed!!!