UPDATE 2-Reebok, Nike suspend Michael Vick products

(Recasts, adds Nike suspension of endorsement contract, recasts)

By Helen Chernikoff

NEW YORK, July 27 (Reuters) - Athletic shoe and sportswear manufacturers Nike Inc. (NKE.N: Quote, Profile, Research, Stock Buzz) and Reebok said on Friday they were suspending sales of products endorsed by Michael Vick following accusations the National Football League star had sponsored a dog-fighting operation.

Nike said it had suspended Vick's contract without pay and would not sell any Vick apparel or shoes at its company-owned stores at present. "While we respect the legal process, we find the allegations against Mr. Vick too disturbing to ignore," said Reebok, a division of Germany's Adidas AG (ADSG.DE: Quote, Profile, Research, Stock Buzz), in a statement.

Nike said it was "concerned" by the allegations against Vick, a quarterback for the Atlanta Falcons, but stood by an earlier statement that it had not terminated its relationship with Vick.

"We do believe that Michael Vick should be afforded the same due process as any citizen in the United States," the company said.

The Humane Society of the United States has been urging its members to pressure Nike to drop Vick's sponsorship agreement.

This is the first time Reebok has decided to suspend sales of products associated with an athlete due to the athlete's offensive behavior, company spokeswoman Denise Kaigler said.

Vick, the Atlanta Falcons quarterback who was the top pick in the 2001 NFL draft, pleaded not guilty on Thursday to federal charges he and three associates were involved in a dog-fighting venture.