Current:Home > NewsFormer Vikings star Adrian Peterson ordered to turn over assets to pay massive debt -Secure Horizon Growth
Former Vikings star Adrian Peterson ordered to turn over assets to pay massive debt
View
Date:2025-04-17 21:41:42
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! (5)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- South Korea adoptees endure emotional, sometimes devastating searches for their birth families
- Nikki Garcia Gets Restraining Order Against Ex Artem Chigvintsev After Alleged Fight
- Two California dairy workers were infected with bird flu, latest human cases in US
- Trump's 'stop
- 'The coroner had to pull them apart': Grandparents killed in Hurricane Helene found hugging in bed
- Drew Barrymore Details Sexiest Kiss With Chloë Sevigny
- South Carolina sets Nov. 1 execution as state ramps up use of death chamber
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Garth Brooks Accused in Lawsuit of Raping Makeup Artist, Offering Threesome With Wife Trisha Yearwood
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Wilmer Valderrama needs his sweatshirts, early morning runs and 'The Golden Bachelor'
- Ranking NFL's stadiums from 1 to 30: What we love (and hate) about league's venues
- One disaster to another: Family of Ukrainian refugees among the missing in NC
- What do we know about the mysterious drones reported flying over New Jersey?
- International fiesta fills New Mexico’s sky with colorful hot air balloons
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Body Art
- Pregnant Brittany Mahomes Shows Off Her Workout Routine
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
For migrant women who land in Colorado looking for jobs, a common answer emerges: No
Newsom wants a do-over on the lemon car law he just signed. Will it hurt buyers?
Garth Brooks Accused in Lawsuit of Raping Makeup Artist, Offering Threesome With Wife Trisha Yearwood
Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
Search continues for missing 16-year-old at-risk Texas girl days after Amber Alert issued
The Latest: Harris to visit Michigan while Trump heads to Georgia
Amazon hiring 250,000 seasonal workers before holiday season: What to know about roles, pay