Redskins running back Adrian Peterson has been ordered to pay $2.4 million after he defaulted on a loan from a Maryland County lending service, the Baltimore Journal Business reported.
Democracy Capital Corp sued Peterson and his business, Adrian Peterson All Day Inc., alleging the 34-year-old failed to repay the $4 million loan he took out in 2016.
Peterson reportedly failed to make his first payment, worth $200,000 in July 2017. That caused the interest on Peterson’s loan to jump from 15% to 23%. Peterson, the journal reported, did pay back $1.65 million in July 2018 and $50,000 in December.
Peterson also defaulted on another $2.4 million loan in 2016. A Minnesota court then ruled the former NFL MVP owed $600,000 to the lending institution.
According to Spotrac, Peterson has made $99 million in career earnings from the NFL. He re-signed with the Redskins in March, agreeing to a two-year, $5 million deal.