LBS- The Star Tribune says Peterson is being sued by Minneapolis-based Crown Bank for allegedly defaulting on a $2.4 million loan.
The suit says Peterson took out the loan in May, 2016, but defaulted a few months later in October. He reached a forbearance agreement with the bank in which he agreed to pay back the loan by Dec., 2016, but he failed to comply and only paid back $1.2 million.
Peterson asked for more time to pay back the loan and has made some payments, but he still owes around $600,000.
I'm pretty sure this is just a case of insanely odd timing, but I would be lying if I said it didn't put a smile on my face to learn that a former New Orleans Saints player was in the news for all the wrong reasons just hours AFTER being dealt elsewhere.
Granted, defaulting on a back loan due to - what I'm assuming - was a technicality isn't the most egregious scandal that Adrian Peterson has ever been involved in, but the fact that he has to answer questions about it as a member of another organization is a (totally unintentional) step in the right direction! We'll take the 81 meaningless yards in 5 games and the mid-round draft pick, and the Cardinals can have the 32 year old aging vet and his impending lawsuit!
This is probably just a complete coincidence that this news came out the same damn day that he was moved. However, getting caught up in some dumb shit while incidentally being employed by the Saints is like an NFL pastime of sorts. So, with that said, I'll be damned if it doesn't make me feel even better about moving a 3rd string running back - whose apparently financially irresponsible - for any sort of asset! I wish Adrian Peterson the best of luck in Arizona, but - more importantly - I'm glad he got served while on somebody else's clock!