Adrian Peterson signed a contract this offseason that makes him a Washington Redskin for the next two years, but now he is being ordered to give some of that money away.
According to the Baltimore Business Journal, Peterson has been ordered by a Maryland judge to pay about $2.4 million after he defaulted on a loan from a Montgomery County lending service.
Bethesda-based Democracy Capital Corp. sued Peterson and his business, Adrian Peterson All Day Inc., in Howard County Circuit Court on June 6 claiming the former NFL Most Valuable Player failed to pay the balance of a $4 million loan his business took out in April 2016. The loan, which carried a 15 percent interest rate, was taken out prior to the start of Peterson’s final season with the Minnesota Vikings.
The deal Peterson signed in March of this year was worth about $5 million, with $1.5 million in guaranteed money. The deal also includes about $1.5 million in incentives.
In his 10 years with the Vikings, Peterson earned $94 million. He made another $3.5 million in 2017 with the New Orleans Saints and Arizona Cardinals, and $1 million last year in Washington.
