DeSean Jackson is a rich man after getting $16 million guaranteed from the Redskins, so I’m sure he’ll take the sting of an arbitrators ruling in stride.
Rand Getlin of Yahoo Sports is reporting that an NFLPA arbitrator ruled in favor of Jackson’s former agent, Drew Rosenhaus, in a lawsuit brought against the wide receiver.
Rosenhaus filed a grievance against the Jaccpot records CEO in June of 2013 after Jackson failed to pay back a $400K loan. The arbitrator recently ruled in the favor of Rosenhaus and now Jackson will have to cough up $516,415.
Breaking: NFLPA decides #Redskins WR DeSean Jackson owes Drew Rosenhaus $516,415 in unpaid loans and agent fees. Story coming.
— Rand Getlin (@Rand_Getlin) April 16, 2014
An NFLPA arbitrator found that Rosenhaus giving Jackson $50,000 cash, and a $90,000 check at the time of his signing was not an inducement.
— Rand Getlin (@Rand_Getlin) April 16, 2014
Rosenhaus had been seeking $777,793 for loans, interest, credit card charges and insurance premiums from #Redskins WR DeSean Jackson.
— Rand Getlin (@Rand_Getlin) April 16, 2014
Part of what DeSean Jackson owes to Rosenhaus came in the form of a $375,000 interest-free loan he received from the agent when he signed.
— Rand Getlin (@Rand_Getlin) April 16, 2014
Rosenhaus reportedly loaned Jackson most of that money during a time period in 2011 when the former Eagles wide receiver was spending recklessly, and had to actually use one of Rosenhaus’ credit cards.