RB Peterson ordered to repay $600K in loan dispute
NFL running back Adrian Peterson, who has earned nearly $100 million playing professional football, has been ordered to pay about $600,000 to a bank to settle a 2016 loan, according to a report Wednesday.
In addition to repaying $609,786 in principal and interest, Peterson was ordered to cover the bank's $28,868 in legal fees.
Peterson borrowed $2.4 million from Crown Bank as he was preparing for what turned out to be his final season with the Minnesota Vikings, the Star-Tribune reported. Hennepin County Court records show he took out the loan to refinance other debts.
Peterson defaulted on the loan shortly after he injured his knee in a 2016 game. The injury forced Peterson to miss all but one game for the rest of the season, and the Vikings subsequently released him rather than pay $18 million Peterson was due to earn in 2017.
Peterson had pledged his Vikings contract as collateral for the Crown Bank loan.
Neither Peterson nor his attorney, Scott Zolke of Los Angeles, could be reached for comment, the paper reported.
Peterson, 33, played for the New Orleans Saints and Arizona Cardinals in 2017. He recently said he hopes to play several more seasons, but reports indicate that the Cardinals may release him this offseason.
--Field Level Media
