Former NFL quarterback Michael Vick’s $4 million salary for his new startup is just the latest indication that a number of NFL players are entering the startup world.
The former Indianapolis Colts star, who has been active on social media and in other sports, has made headlines over the last year as he has been linked to a number, from $400 million to as high as $5 billion, as he aims to create a new social media company.
However, it is the former Green Bay Packers star that has emerged as the most likely candidate for a lucrative payday.ESPN’s Peter King reports that former NFL star Michael Vick, who plays for the Green Bay Packers, could be the most lucrative player in the startup industry.ESPN analyst David Choe wrote that the Green Packers quarterback, who is not a member of the Packers’ Super Bowl squad, could land a minimum of $2 million for his venture.
The NFL player, who was also a starting running back for the Packers, has been an outspoken supporter of social media, and has been quoted saying, “I’m going to use social media.
It’s the future of the industry.”
In fact, it was the social media platform Twitter that became his new business.
Twitter founder Jack Dorsey has been one of the biggest proponents of social networking, and is also the executive chairman of his company, Dorsey Companies, which has been working to bring online gaming to the masses.
Last year, the company raised a whopping $5.8 billion, and plans to launch in the coming months.
The company is also known for allowing fans to use their Twitter handles to advertise their products.
Choe wrote in the ESPN article that he expects the startup company to have a minimum valuation of $5 million.
“If the company succeeds, it would be a rare event for an NFL player,” he said.
“If the business does well, then you’re talking about $3 million to $4.5 million per year.”
A spokesman for Vick did not immediately respond to ESPN’s request for comment.ESPN.com’s David Ubben contributed to this report.