Adrian Peterson, the legendary running back who amassed over $100 million in his illustrious 15-year NFL career, now finds himself in a dire financial situation. Facing a debt exceeding $12 million, Peterson has been mandated by a Houston judge to relinquish his assets in order to settle the debt.
According to Brent Schrotenboer of USA Today, the judge’s ruling was issued on Monday, compelling Peterson to surrender his property to satisfy the outstanding debt. Constables have been instructed to seize assets from Peterson’s residence as part of the enforcement process.
A court-appointed receiver has leveled accusations against Peterson, alleging that he engaged in a “shell game” to evade making the necessary payments. The origins of this predicament can be traced back to a $5.2 million loan taken out in 2016, which eventually snowballed into an $8.3 million judgment in 2021. This hefty sum includes $15,000 in attorneys’ fees and a nine-percent interest rate, further exacerbating Peterson’s financial woes.
As of February 2024, Peterson’s debt stands at a staggering $12.5 million, painting a bleak picture for the former NFL superstar. Despite his impressive tenure with the Minnesota Vikings spanning a decade, Peterson went on to play for several other teams including the Saints, Cardinals, Washington Football Team, Lions, Titans, and Seahawks.
Having last taken the field in 2021, Peterson’s future in professional football remains uncertain. Nevertheless, his legacy is firmly cemented, with the running back being a virtual lock for induction into the Pro Football Hall of Fame once he becomes eligible in 2027. Peterson’s on-field accomplishments may be undisputed, but his current financial predicament serves as a stark reminder of the tumultuous nature of life after football.