Adrian Peterson Ordered To Pay Massive Amount of Money For Loan Default
Adrian Peterson is once again back in financial trouble.
Since he was drafted by the Minnesota Vikings in 2007, Adrian Peterson has earned over $100 million during his time in the NFL. Despite his massive career earnings as an NFL player, the veteran running back was reported to be “nearly broke” just a few years ago.
Things have only gotten worse in 2021 after a New York state judge ruled on Wednesday that Peterson must pay a Pennsylvania lender $8.3 million because of a loan he defaulted on, according to Daniel Kaplan of The Athletic. Peterson is said to have borrowed $5.2 million from the lender in 2016 and defaulted on his loan. The $8.3 million figure includes interest and late fees.
Peterson reached two settlements with DeAngelo Vehicle Sales (DVS), but defaulted both times, according to DVS’s legal team.
The report indicated that the Detroit Lions running back is unable to pay the loan back to the lender. He has not filed for any sort of bankruptcy protection.
The report goes on to indicate that Peterson may have been taken advantage of by those he trusted.
“The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time. Because of ongoing legal matters, I’m unable to go into detail. But I will say that this is yet another situation of an athlete trusting the wrong people and being taken advantage of by those he trusted. Adrian and his family look forward to sharing further details when appropriate,” Peterson’s attorney Chase Carlson revealed in a statement to The Athletic in 2019.
He has earned $102.8 million in 14 NFL seasons, according to Spotrac.