No word yet on of Elizabeth Warren wants his creditors to forgive the debt

Since he was drafted by the Minnesota Vikings in 2007, Adrian Peterson has earned over $100 million during his time in the NFL. Back in 2011, he signed an extension with the Vikings that ended up rewarding him with almost $50 million.


No running back in league history has earned more money than the amount that has found its way into Peterson’s bank account.

Despite his massive career earnings as an NFL player, the veteran running back is, “nearly broke,” according to a recent report by ProFootballTalk’s Michael David Smith on

According to the report, Peterson is being sued for failing to pay back a loan amounting to $5.2 million. A judge has already ordered the former Minnesota running back to pay back $3 million that he owes to multiple creditors.

After info about Peterson’s financial problems were made public, his lawyer released a statement on Tuesday that attempted to explain how the running back found himself in his current situation.

“The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time. 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.”
Unfortunately, something like what Peterson is currently going through is not that uncommon. There have been numerous cases over the years of professional athletes losing money from bad investments or to people who they believed had their best interest in mind.



No one exactly knows where all of Peterson’s money has vanished to. But it certainly doesn’t sound like he has any left from the amount he earned during his time with the Vikings.

_________________
Proud member of the white guy grievance committee

It aint the six minutes. Its what happens in those six minutes.

Good thing he still has all that Cardinals, Redskins and Saints money.

_________________

How about banning signing bonuses and putting 25% of every contract in escrow to be released after a player retires.

_________________

Let's let private equity firms manage that escrow account. That way players can make their money work for them!

_________________

I was hoping the union could take care of it themselves. But between a private equity firm and a dude you went to high school with who wants to come up with the nineteenth brand of mildly flavored water, I think they'd lose all the money in equal time.

_________________

NFLPA would never go for it nor should they.

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

Well, I know it's paternalistic, but somebody has to step in and tell these guys not to start "sports marketing firms."

_________________

_________________
Elections have consequences.

_________________
Elections have consequences.

Treat athletes like grown ass men that open mail and drink coffee. Then also treat them as if they are all too stupid to not lose $50M.

_________________
Elections have consequences.

If gamer girls can sell their used bathwater, then pro athletes should sell their jizzum.

_________________

If I'm remembering Hard Knocks correctly, I think some teams offer some kind of financial responsibility classes to players.

_________________

They should take a lesson from Glover Quinn.

_________________

Ideally they would. Like Iverson had people looking out for him. But you honestly think that’s not a bridge too far when it comes to infantilizing players?

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

They do. Every team has a player rep for it.

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

I don't feel great about it, no, but the union coming up with some sort of trust fund for its players might be more helpful than having a seminar about why you shouldn't open a restaurant called "Pass: An American Eatery."

_________________

And just to be fair, every one of us would absolutely squander NFL money if given the chance. Except for denisdman. "Even Ogie Oglethorpe?" Especially Ogie Oglethorpe! He'd use the money to fund a militia and bomb a stop light.

_________________

I feel like I’d squander it to a degree but not end up broke but thats not true either. I’d be Ricky Williams but as like, a 5th WR or something and end up working construction before age 30.

_________________
Fare you well, fare you well
I love you more than words can tell
Listen to the river sing sweet songs
To rock my soul

They would simply borrow against the escrow funds.

_________________
Hawaii (fuck) You

I wouldn't squander it.

You know that you can use money to buy coke instead of sucking dick for it, right?

_________________

Try re-writing that. I get what you're saying, and I agree, but the sentence is off.

_________________
Hawaii (fuck) You

_________________

Thanks!

But the best get it right the first time.

Be careful out there!

_________________

Yeah, that would just delay the bankruptcy filings by a few years.

_________________

Sad to see, but he's famous enough to sign autographs and shake hands to make a decent enough living. He has several children, and is likely spending a ton in child support every month.

It seems like pro athletes resemble lottery winners in there financial outcomes.

_________________
Why are only 14 percent of black CPS 11th-graders proficient in English?

Give a bunch of poor kids a lot of money and most will find a way to blow it.

_________________
Be well

GO BEARS!!!

If it wouldn't ultimately screw their business model, schools should have civics and financial planning classes made mandatory for athletes. In lieu of generally worthless prerequisites like calculus or linear algebra.

_________________
There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.