Current:Home > MarketsFormer Vikings star Adrian Peterson ordered to turn over assets to pay massive debt -BeyondProfit Compass
Former Vikings star Adrian Peterson ordered to turn over assets to pay massive debt
View
Date:2025-04-12 16:13:50
Former Minnesota Vikings star running back Adrian Peterson earned more than $100 million in his NFL career from 2007 to 2021. But he still is in massive debt estimated at more than $12 million. And now a judge in Houston has issued an order for him to turn over numerous assets to help pay it back.
The same judge on Monday ordered that constables in Fort Bend County, Texas, accompany the court-appointed receiver to Peterson’s home when he shows up to seize the assets, according to the order obtained by USA TODAY Sports.
The receiver, Robert Berleth, requested this order in July and said Peterson is “is known to have numerous assets” stored at his home in Missouri City, Texas.
“The receiver requests constable accompaniment when receiver levies the numerous assets known to be stored at (the property) to keep the peace and prevent interference with the Receiver’s duties,” the receiver said in his request.
On Monday, the judge heard the receiver’s arguments and granted the request.
NFL STATS CENTRAL: The latest NFL scores, schedules, odds, stats and more.
“It is, therefore, ordered that a writ of turnover with receiver’s levy be issued and Ft. Bend County constables are to accompany the receiver in execution of his duties,” the order stated.
What is Adrian Peterson’s debt from?
The order is the latest in a long legal battle to get Peterson to pay back a $5.2 million loan he took out from a Pennsylvania lending company in 2016 that was supposed to pay back other lenders, according to court records. That debt since has led to a $8.3 million judgment against him in 2021, plus $15,000 in attorney’s fees with 9% per annum on all amounts, according to the receiver’s court filing. The approximate collection total is $12.5 million, Berleth stated in a February court filing.
“No offsets have been made against this judgment to date,” the receiver stated in the July court filing.
Berleth, the court-appointed receiver, also has accused Peterson of playing a shell game with his assets to avoid payment. In February, a sports memorabilia auction in Texas got caught in the middle of it when it attempted to sell off Peterson’s personal items, including several NFL trophies and jerseys.
A judge halted the sale after Peterson objected and went on social media to say, "I want to emphasize that I'm financially stable and would never sell off my hard-earned trophies." That auction is still apparently on hold.
Berleth gave his version of events in court documents.
"The Receiver intercepted an auction the debtor (Peterson) initiated and seized items at Storage Facilities leased and secured with lock by the Debtor (Peterson)," Berleth said in court documents. "The assets belong to the Debtor. The leases at the Storage Facilities were delinquent. The debtor contested the sale of trophies.”
Why did Peterson take out this loan?
Peterson took out the loan in 2016 and promised to pay it back with interest in March 2017, five months later. According to the agreement, he planned to use most of the money to pay back other loans. But Peterson was coming off a knee injury in 2016, and the Vikings declined to pick up the $18 million option on his contract in early 2017, turning Peterson into a free agent. Peterson’s earnings fell dramatically after that, never exceeding $3.5 million a year. He hasn’t played in the NFL since 2021.
A representative for Peterson didn’t return a message seeking comment.
Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com
veryGood! (5333)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- Biden and Trump are keeping relatively light campaign schedules as their rivals rack up the stops
- Inside Nick Cordero and Amanda Kloots' Heartwarming, Heartbreaking Love Story
- 5 people shot, including 2 children, during domestic dispute at Atlanta home
- Buckingham Palace staff under investigation for 'bar brawl'
- Remains of Tuskegee pilot who went missing during WWII identified after 79 years
- Good to be 'Team Penko': Jelena Ostapenko comes through with US Open tickets for superfan
- Long Island couple dies after their boat hits a larger vessel
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Miss last night's super blue moon? See stunning pictures of the rare lunar show lighting up the August sky
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Jimmy Buffett: 10 of his best songs including 'Margaritaville' and 'Come Monday'
- COVID hospitalizations on the rise as U.S. enters Labor Day weekend
- Grand Slam tournaments are getting hotter. US Open players and fans may feel that this week
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Investigation launched into death at Burning Man, with thousands still stranded in Nevada desert after flooding
- Metallica reschedules Arizona concert: 'COVID has caught up' with singer James Hetfield
- Up First briefing: A Labor Day look at union fights, wins and close calls
Recommendation
New data highlights 'achievement gap' for students in the US
Nightengale's Notebook: 20 burning questions entering MLB's stretch run
COVID hospitalizations on the rise as U.S. enters Labor Day weekend
Bodycam footage shows fatal shooting of pregnant Black woman by Ohio police
Louvre will undergo expansion and restoration project, Macron says
Largest wildfire in Louisiana history was caused by arson, state officials say
Corgis parade outside Buckingham Palace to remember Queen Elizabeth II a year since her death
How to make a meaningful connection with a work of art