
Detroit Lions running back Adrian Peterson has been ordered by a New York state judge to pay back $8.3 million on a defaulted loan, according to Daniel Kaplan of The Athletic.
The 35-year-old initially took out a $5.2 million loan fromย DeAngelo Vehicle Services in 2016 with interest rates going as high asย 16 percent. He defaulted on the loan twice after pushing back due dates multiple times and reaching settlements.
Peterson is reportedly unable to pay back the loanย but has not yet filed for bankruptcy, per Kaplan. The total value owed will addย $2,207.12 each day he does not pay, though that number will fall once the judge's ruling is officially filed because of New York law placing a cap on the ongoing interest rate.
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Peterson was ordered to pay $2.4 million toย Democracy Capital Corp by a Maryland state judge in 2019, perย Kaplan. A Minnesota state judge also ordered him to pay the remainingย $600,000 unpaid on what was a $2.4 million loan.
DeAngelo Vehicle Services filed its lawsuit against the NFL star in 2019.
"He has no defenses to us proceeding to summary judgment on the original principal amount plus the accrued interest,"ย DVS attorney Jeffrey Reina said in the court hearing.
Peterson is coming off his 14th season in the NFL, a career that includes seven Pro Bowls and an MVP award. Including his $1.05 million salary for 2020, he has earned an estimated $102.8 million since joining the league in 2007, perย Spotrac.
Despite his age in a demanding position, the veteran has said he plans to remain in the NFL as long as he can.
"Why not four more years?" he toldย TMZ Sportsย in June.
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