"Nike, which severed Vick’s contract in 2007 after he admitted to his involvement in a dogfighting ring, has re-signed the Philadelphia Eagles quarterback" to a paid promotional contract, reports CNBC here.
“'Michael acknowledges his past mistakes,' said Nike spokesman Derek Kent. 'We do not condone those actions, but we support the positive changes he has made to better himself off the field.' ... Nike had been giving Vick free products since his return to the field after serving 23 months in prison, but wasn’t paying him. Financial consideration on his new contract was not disclosed.
"The brand dropped him in August 2007, halting the release of his fifth signature shoe, the Air Zoom Vick V, and releasing a statement saying that cruelty to animals was 'inhumane, abhorrent and unacceptable.'
"It is believed to be the first time in the history of sports marketing that a brand that dumped an athlete came back to re-sign him."