One of the greatest running backs of all time, Adrian Peterson is reportedly facing some serious debt issues, despite earning over $100 million during his illustrious NFL career.
According to a report from Dan Kaplan of The Athletic, in which they detail how the 34-year old running back is being sued for failing to pay back a $5.2 million loan.
My piece on the latest loan default lawsuit against Adrian Peterson, this one for allegedly not paying back a $5.2 mil debthttps://t.co/6dq9hef247
— daniel kaplan (@KaplanSportsBiz) July 23, 2019
The report states that Peterson took out the loan in an effort to pay off his debts, but ended up adding more debt in the process.
He has already been ordered to pay $2.4 million to one creditor and an additional $600,000 to another. Darren Heitner, the lawyer for the company suing Peterson, told The Athletic he has “no confidence” that Peterson will be able to repay the loan.
In response to the report, Peterson’s lawyer released this statement:
Peterson resigned with the Washington Redskins this off-season on a two-year, $5.03 million deal that includes $1.5M in guaranteed money.