Posted on 01/16/2021 8:17:49 AM PST by simpson96
Since 2007, Adrian Peterson has been paid handsomely to carry a football. However, despite earning millions of dollars during the course of his decorated NFL career, the 35-year-old barely has anything to show for it.
In fact, the Detroit Lions running back may have hit rock bottom recently.(snip)
Given the fact he’s collected NFL paychecks for 14 years, you’d expect Peterson to be in a terrific financial position. Yet, that couldn’t be further from the truth.
Since entering the league more than a decade ago, Adrian Peterson has been well-compensated for his ability to run through, around, and over NFL defenders. In total, he has earned $102.8 million during his 14-year career.
Stunningly, despite his substantial career earnings and lucrative endorsement deals, Peterson remains a cautionary tale for athletes who fail to manage their money properly.
In July 2019, Daniel Kaplan of The Athletic delivered a sobering update about the running back’s financial woes.
“A Pennsylvania lender is suing Peterson for allegedly defaulting on a $5.2 million loan, the proceeds of which he used to pay back other debts he incurred, including millions from a “pay-day lender,” court documents in New York show,” Kaplan reported.(snip)
On Thursday, Kaplan reported that a New York state judge has ordered Peterson to pay back the Pennsylvania lender $8.3 million for the defaulted loan. Interest will accrue at a rate of “several thousand dollars a day” moving forward.
Shockingly, Peterson didn’t even send counsel to the hearing.
So how much does the veteran NFL running back actually owe?
According to Jeffrey Reina, an attorney representing one of the lenders waiting to get paid, Adrian Peterson’s current tab totals $8,268,426.21.
The daily interest rate: $2,207.12.
(Excerpt) Read more at sportscasting.com ...
Racism and the evil white man cause this man to lose his monies
It (a gold chain every week) don’t come easy; you know it don’t come easy... (Ringo)... js
From what I hear of him locally, Adrian is a stand-up guy. He does a lot to help his hometown of Palestine, Texas. I am aware that there were “baby daddy” issues in his life and he was arrested for spanking one of his children.
This is what happens when you have umpteen kids by umpteen different women.
I do not know anything about Adrian Peterson, but he is part of the NFL, so I do not care. They are all dead to me.
Over the course of fourteen year she has managed to go through over one hundred million dollars?! It’s hard to believe unless he had a an embezzler for a business manager.
That posse is expensive!
That is a disgusting viewpoint. You sound like a lib trying to do what is best for people with no respect for freedom.
Marshawn Lynch only lived off his endorsement money, and never touched The money he earned from football.
I’m sure he spent it all on youth centers, neighborhood revitalization, and other philanthropist activities to help other, less fortunate, people of color. /s
____________________
And he promised our high school that he’d finance a brand spanking new, modern football field.
The town ended up raising our taxes to get it done. After he got the ‘keys’ to the city and having a day named after him. 🙃
How is he ever going to pay off this debt? He’s not a top running back anymore. And his playing days aren’t going to last much longer.
A little more than spanking. He beat his four-year-old son with a stick until the child was bleeding. A four year old!
What was the name of the hockey player who had all his money stolen by his own parents?
He beat his son on his testicles to be more specific.
When Wellington Mara was still alive the NY Giants held their training camp every summer at a small regional college in northern New Jersey. As part of the deal they had some arrangement where the players could enroll in the school for night classes. I seem to remember that a dozen or more players were enrolled at any given time, including a few in the MBA program who went on to have successful careers outside sports.
I think that was Jack Johnson.
NHL player files for bankruptcy after parents borrow $15 million in his name
How Jack Johnson's Parents Screwed Him And Left Him Millions In Debt
Source: Tyron Smith battles family
See #37
I can’t say that never happened to me. We all make mistakes we regret.
Crazy stuff, sycophants come out of the woodwork.
You wouldn’t expect your parents to be part of that though...
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