Detroit Lions running back Adrian Peterson keeps chugging along as his illustrious NFL career is winding down. He’s made a ton of money playing football, earning more than $100 million in NFL salary, but now he’s going to be a little lighter in the wallet. Peterson has been ordered to pay almost $8.3 million in summary judgment to a Pennsylvania loan company after a defaulted loan in 2016, New York State Supreme Court records show.
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Via Michael Rothstein of ESPN.com, a court has ordered to pay almost $8.3 million to a Pennsylvania loan company. Peterson defaulted on a loan in 2016.
Peterson initially owed $5.2 million, plus interest. He failed to repay the money by March 1, 2017. He was sued in 2018. Interest has accrued daily, at 16 percent or $2,207.12 per day. The rate will drop to nine-percent, reflecting the statutory post-judgment interest law in New York.
Peterson, according to Danial Kaplan of TheAthletic.com, neither attended the hearing nor sent counsel on his behalf.
Peterson’s big paydays are in the rear view mirror, he made only $1.05 million last season from the Lions according to Spotrac.
16% interest on a loan that size?
This guy has made a ton of money and he’s going to end his playing career with nothing. Sad.
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