Nike is not endorsing NFL player Michael Vick

Nike released a statement Thursday morning and said it has "agreed to supply product to Michael Vick as we do a number of athletes who are not under contract with Nike." Nike does not pay Vick for this.

Vick signed with the Philadelphia Eagles on August 13 and was fully reinstated September 3. Vick signed a $1.6 million deal with the Eagles, with a team option for the second year at $5.2 million.

The confusion began with an announcement from Michael Principe, the managing director of BEST, the agency that represents Vick. Principe announced on Wednesday that Vick had a new deal with Nike during a panel discussion at the Sports Sponsorship Symposium.

"He actually just became a Nike client," Principe said Wednesday. "He has a new deal with Nike that we're all very pleased about."

Michael Vick's agent, Joel Segal, stated on Wednesday that Vick looked forward to continuing his relationship with Nike.

All of these statements seem to have been false but neither Principe or Segal would comment on the Vick/Nike situation.

In July, Vick filed for bankruptcy protection while serving his sentence, saying he owed between $10 million and $50 million to creditors. He now has Nike gear to wear but it looks like he's not going to be releasing a signature shoe with Nike like he planned to do back in 2007.

Cheryl Phillips
Exclusive to HULIQ.com

sources: ESPN, Yahoo