Adrian Peterson, a former NFL running back, accumulated more than $100 million in salary over his career. However, despite his impressive earnings, he found himself in a dire financial situation at the end of his career. Peterson was facing several massive debts that he needed to pay off, leaving him with very little to show for his years of hard work on the field.
Things have only gotten worse in 2021 after a New York state judge ruled on Wednesday that Peterson must pay a Pennsylvania lender $8.3 million because of a loan he defaulted on, according to Daniel Kaplan of The Athletic. Peterson is said to have borrowed $5.2 million from the lender in 2016 and defaulted on his loan. The $8.3 million figure includes interest and late fees.
Peterson is believed to have borrowed the money to pay back other loans he had taken out for investments, which soured. That is believed to be the subject of an ongoing arbitration complaint he has filed against his former investment adviser, Morgan Stanley Wealth Management.
When The Athletic first reported the DVS lawsuit in July 2019, Peterson’s lawyer, Chase Carlson, put out the following statement: “The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time. Because of ongoing legal matters, I’m unable to go into detail. But I will say that 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.”
Peterson found himself in a dire situation, so much so that he agreed to participate in a celebrity boxing match against none other than Le’Veon Bell. Unfortunately for Peterson, the odds were not in his favor as he was knocked out by his opponent. He was seeing stars. Despite the physical and mental toll he endured, the payout was a mere $15k, a small sum in comparison to the challenges he faced.
Despite making a decent amount of money during his appearance on Dancing With The Stars, Peterson has now made the tough decision to part ways with a number of his cherished possessions. He has opted to organize an estate auction, where a vast collection of his personal memorabilia and clothing articles will be up for sale. This is an opportunity for fans and collectors alike to acquire unique items that hold special meaning to Peterson.
Dov Kleiman is reporting has revealed that some of Adrian Peterson’s most notable accomplishments are available for purchase on an auction page. Specifically, Peterson’s trophies for Most Valuable Player, Rookie of the Year, and Offensive Player of the Year can be obtained by the highest bidder. Moreover, the auction also features a plethora of Peterson’s personal items, including clothing, jerseys, cleats, and autographed memorabilia. If you’re a fan of the legendary football player, this is an incredible opportunity to own a piece of his history.
After the story was broke Peterson went on social media to say some of the items that are being sold was without his permission.
“I want to clarify recent rumors and media reports. An estate sale company, without my authorization, included some of my trophies in a sale, despite clear instructions to leave personal items untouched. I did not authorize the sale of my trophies and am taking legal action. Trusting the company without supervision was my mistake. We allowed them to go into several of our storage units with clear instructions. They clearly did something unlawful. I want to emphasize that I am financially stable and would never sell off my hard-earned trophies or personal sports items. It is concerning that media outlets did not verify this information with my publicist or me before publishing false reports.”
Flip the page to see some of the items including Peterson’s boxers along with Peterson’s statement.
