Washington Redskins running back, Adrian Peterson, has earned over $100 million during his football career. How did he land in so much debt?
What We Know:
- Peterson is currently facing three lawsuits where he owes millions to various entities ($6.6M). The first lawsuit came after he failed to repay a $5.2M loan to a Pennsylvania lender The Athletic Reported.
- DeAngelo Vehicle Sales is suing the athlete for $6.6M and he owes a combined $3M to two other creditors, the Guardian reported.
- AP received a $1.5 million signing bonus from the Washington Redskins this year and will earn a base salary of $1,030,000 for the upcoming season.
- His lawyer, Chase Carlson, released a statement explaining the situation. “The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time,” Carlson said.
- “Because of ongoing legal matters, I am unable to go into detail, but I will say 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,” he added.
- Financial problems have plagued professional athletes for quite some time. According to Forbes, 80 percent of retired NFL players go broke.
Hopefully, Peterson can get his finances back on track.
