Lions’ Adrian Peterson ordered to pay $8.3M on defaulted loan
Detroit Lions running back Adrian Peterson must pay $8.3 million to settle a defaulted loan, the New York State Supreme Court ruled Wednesday.
Per court records reported by multiple media outlets, Peterson took out a $5.2 million loan from Pennsylvania-based DeAngelo Vehicle Services in 2016. The firm sued him in 2018 for the amount owed, including interest, and it kept adding more interest for each day that he didn’t settle the account.
The interest rate, previously set at 16 percent, was reduced to 9 percent based on New York state law.
In the court case, Peterson was not present, and he had no legal representative when the summary judgment was issued.
Peterson, 35, was the NFL’s Most Valuable Player in 2012. He has made the Pro Bowl seven times and was selected to the All-Pro team four times. Peterson has played for the Minnesota Vikings (2007-16), the Arizona Cardinals (2017), New Orleans Saints (2017), Washington (2018-19) and the Detroit Lions (2020), amassing 14,820 rushing yards, the fifth-best total in league history.
In 2020, he produced 604 yards and seven touchdowns on 156 carries for the Lions.
According to Spotrac.com, Peterson has earned $102.8 million in NFL salaries, a figure that doesn’t include endorsement money.
–Field Level Media