Adrian Peterson made $100 mil but he's broke

[Iggloo]

Wow.

Washington running back Adrian Peterson has made about $100 million in salary, and millions more in endorsements, during his NFL career. But he’s deep in debt after his lawyer says he trusted people who ripped him off.

“The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time,” attorney Chase Carlson said in a statement. “Because of ongoing legal matters, I am unable to go into detail, but I will say 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.”

The statement came hours after TheAthletic.com reported that Peterson is being sued in Pennsylvania for failing to pay back a $5.2 million loan. In two separate matters, judges have ordered Peterson to pay $2.4 million to one creditor and $600,000 to another creditor.

Despite the fortune Peterson has made, he appears to be nearly broke, with debts that he is struggling to pay, and debts that he’ll continue to struggle to pay even after getting a $1.5 million signing bonus to remain in Washington this year, with another $1 million in salary on the way for the season.

Adrian Peterson deep in debt, lawyer says he trusted the wrong people

 

[Fountain City Blues]

Lol @ you if you can't make 100M in earnings work, I am sorry.

 

[Iggloo]

 

[Jikkle]

When are these guys ever going to learn to constantly keep on top of their fiances and not to completely trust someone to do it for you.

If you have someone managing your money you better watch them like a hawk and make sure they aren't ripping you off.

 

[Rock Strongo]

Wow.

Washington running back Adrian Peterson has made about $100 million in salary, and millions more in endorsements, during his NFL career. But he’s deep in debt after his lawyer says he trusted people who ripped him off.

“The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time,” attorney Chase Carlson said in a statement. “Because of ongoing legal matters, I am unable to go into detail, but I will say 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.”

The statement came hours after TheAthletic.com reported that Peterson is being sued in Pennsylvania for failing to pay back a $5.2 million loan. In two separate matters, judges have ordered Peterson to pay $2.4 million to one creditor and $600,000 to another creditor.

Despite the fortune Peterson has made, he appears to be nearly broke, with debts that he is struggling to pay, and debts that he’ll continue to struggle to pay even after getting a $1.5 million signing bonus to remain in Washington this year, with another $1 million in salary on the way for the season.

Adrian Peterson deep in debt, lawyer says he trusted the wrong people

everyone should follow gronks lead financially.

 

[batchaps4me]

Is Don King his agent? Askin for Tyson...

 

[BostonBlackie]

Jesus........

 

[Ricky Roma]

Lol @ you if you can't make 100M in earnings work, I am sorry.

Could've easily made 1/10th of that work.

 

[Fountain City Blues]

Could've easily made 1/10th of that work.

People make .5% of that work in plenty of places.


No sympathy cards for Peterson here.

 

[Iggloo]

Turns out Gronk was wiser than he seemed huh. He's going to live nicely for the rest of his life.

 

[Lake Shore Drive]

You'd pretty much have to TRY to lose that much money. There must be more to this story.

 

[Iggloo]

His lawyer is strongly suggesting he was fleeced by another financial consultant. But man, how do you screw up that much money to the extent that you are broke?

 

[Shanemansj13]

Yeah I mean you make a bad investment here and there, damn you are one dumb ass and you lose $10M. Then you buy a mansion, tons of cars. Another $10. Where the tf is the other $70-80M lol. I really just don't get how you can lose it all.

 

[mcnabb7542]

Bury that shit in the backyard and don’t take it unless it’s a rainy day!

 

[Tapey]

How do you like not notice?

 

[gob]

Yeah I mean you make a bad investment here and there, damn you are one dumb ass and you lose $10M. Then you buy a mansion, tons of cars. Another $10. Where the tf is the other $70-80M lol. I really just don't get how you can lose it all.

After taxes, agent fees, and everything, he'd probably get about 55 mill of that 100 (unless the 100 was after all that)

Still a lot to lose, though.

 

[jarntt]

Lol @ you if you can't make 100M in earnings work, I am sorry.

 

[jarntt]

everyone should follow gronks lead financially.

Gronk on skid row in 5 years still refusing to ever tap into that salary: "It's not for today, it's for my future..."

 

[SteelersPride]

But but they deserve alll max contracts

 

[richig07]

When are these guys ever going to learn to constantly keep on top of their fiances and not to completely trust someone to do it for you.

If you have someone managing your money you better watch them like a hawk and make sure they aren't ripping you off.

Things have been getting better with these guys. You still have your stories like this, but it used to be all over.

Earning over 100 mil in 11 years and going broke before your playing career even ends IS absolutely insane, though. My god.