Adrian Peterson broke and auctioning most of his possessions
One of the greatest running backs, and the highest paid running back of all-time is broke less than three years after retirement. He made over $100 million in contract money during his career, not including any endorsement deals. College coaches may want to bring this up when recruits are only concerned with a few hundred thousand NIL dollars.
Learn how to handle your money or you’ll go broke no matter how much you’ve got. You can bid on his Player of the Year awards and much more here.
February 22nd, 2024 at 3:53 PM ^
There are cabinet hinges and party supplies for auction. That's a straight up liquidation. He owes somebody or some lender money...
February 22nd, 2024 at 3:55 PM ^
What this actually seems to be: Adrian Peterson selling off a bunch of stuff from his storage units with an estate sale company, which listed things he told them not to list and led to speculation that he's broke. Which, apparently, he is not.
In short, cut the speculation. This is probably erroneous clickbait.
February 22nd, 2024 at 4:08 PM ^
I agree, he’s denying that he’s broke. This is Clickbait.
February 22nd, 2024 at 4:40 PM ^
Boy, you arent kidding.
Anybody thinking this is just clickbate and he's not in real, serious financial trouble needs to take the next three minutes and read the article you linked. He's seven kinds of fucked.
February 22nd, 2024 at 4:21 PM ^
I think it's been widely accepted that he's in financial trouble, which is why he was trying to pick up NFL contracts with the Commanders, Titans, etc well past his prime.
Nonetheless, nobody said he had $0, just that he probably doesn't have a ton.
February 22nd, 2024 at 4:02 PM ^
Someone sign him up for Dave Ramsey
February 22nd, 2024 at 4:05 PM ^
Players should take a page from former Lions LB Mike Cofer, who frugally used to write down every expense above $ 2.50.
February 22nd, 2024 at 6:54 PM ^
Or Ocho Cinco, who allegedly saved 83% of his salary and basically lived in the training facility.
February 22nd, 2024 at 4:10 PM ^
Edit: FWIW Peterson has a different view of things:
“I want to clarify recent rumors and media reports,” Peterson said.
“An estate sale company, without my authorization, included some of my trophies in a sale, despite clear instructions to leave personal items untouched. I did not authorize the sale of any of my trophies, and I will be taking legal action.”
Then again, how do you have such a disconnect with this agency that they do that and list things under the title
Feels a little more like Peterson got embarrassed by the attention and is doing some PR work, but time will tell
February 22nd, 2024 at 7:02 PM ^
With all due respect to AP and his great college and professional career, how big of an Adrian Peterson fan do you have to be to purchase his "well-used grill brush" for $84? I mean, what's next; a gently-used Adrian Peterson nostril hair trimmer with starting bids at $59?
But yeah, this guy is "financially stable". When people run in circles it's a very, very mad world.
February 22nd, 2024 at 7:46 PM ^
Almost as crazy as a "stable genius" selling high top sneakers for $399!
/no politics
February 22nd, 2024 at 9:22 PM ^
$399 is chump change in the sneakers game. Not sure what your point is.
February 22nd, 2024 at 4:10 PM ^
It seemed a bad sign when he was trying to stay in the league long after it was clear he wasn't good enough anymore.
That's usually done because the player really needs that contract or has some record he wants to break.
February 22nd, 2024 at 4:14 PM ^
Las Vegas and AC probably got most of his money.
February 22nd, 2024 at 4:14 PM ^
I'm not sure if it's click-bait or not (there are some stories back in 2019 about him running out of money) so this might legitimately be him needing money from selling personal items. Or it could just be extra junk he's got stored in storage units.
I'm with Michigan Arrogance (way above), as easy as it is to point and gawk, but there are A LOT of middle and upper middle class folks, probably even on this board, who would be broke within a matter of months if they lost their current job and suddenly had to downshift to a disability level income or something like that.
February 22nd, 2024 at 4:21 PM ^
good. fuck him
February 22nd, 2024 at 4:30 PM ^
sorry, but we dont know if he's actually broke, nor should any of us care?
February 22nd, 2024 at 5:24 PM ^
You cared so little that you clicked on the thread just to let us know that you don't care?
February 22nd, 2024 at 4:31 PM ^
Man, some of that stuff won't even really have any meaning to anyone but him, dude must be down bad. Wild to me these guys fumble (pun not intended) such a fortuitous position.
February 22nd, 2024 at 4:35 PM ^
As shitty as most parents are, every kid needs classes on all life skills and common sense. This keeps happening to athletes mainly because everyone is dumb and dumb with money in their early twenties. The difference is that's when athletes make the most money while for the rest of us that's when we make the least money and our salaries gradually go up continuously until we retire so as we get smarter with money we make more money instead of the opposite.
February 22nd, 2024 at 4:39 PM ^
I'm neither a money manager nor have I stayed at a Holiday Inn in the past few decades, but if he had given me a small percentage to manage his money for him, we would both be better off financially. .
February 22nd, 2024 at 5:27 PM ^
+1 for the Holiday Inn Express reference :D
February 22nd, 2024 at 4:47 PM ^
Pretty sure he has 9 kids paying child support to. Which probably equals close to 500,000 a month.
February 22nd, 2024 at 5:04 PM ^
People laugh at this but the sad fact is tons of these athletes get taken advantage of by family. They are presured into supporting not just their parents ad siblings but aunts, uncles and cousins. I'm not saying they aren't spending carelessly as well but people start planning to F them over when they are just hs stars.
February 22nd, 2024 at 5:26 PM ^
This used to be my career (money management, not pro sports) so I have a little bit of insight into the psychology of this:
People are HORRENDOUS at looking at a pot of money and planning around “I have to make this last the rest of my life.” People are bad enough at “spend less than you *earn*”, very bad at “spend less than you *have*”, and the absolute worst at “spend the right amount so that this doesn’t ever run out.” There’s just too many variables for them.
Likewise, people are equally terrible at looking at a situation and realizing that it won’t last forever. This applies to both the good financial times and the bad financial times, but if you’re pulling $10M/year…even if you tell yourself “this won’t last”, there’s a part of you that thinks 1) “I don’t have to worry about that for a long time”, and 2) “even if something goes wrong, I get another $10M next year so I don’t need to be careful.”
It’s HARD to hold onto money. There’s a million things lined up against you: family, friends, predatory relationships, baby mamas/daddies, aggressive charities, scammers, culture, etc. But the biggest enemy is your own brain. You have to outsmart yourself.
February 22nd, 2024 at 9:09 PM ^
^ this is 100% right ^
February 22nd, 2024 at 6:11 PM ^
Fuck Adrian Peterson
February 22nd, 2024 at 8:23 PM ^
You hate to see it….
Seriously though, I’m not losing sleep over a child abuser that blew through a fortune.
February 22nd, 2024 at 8:32 PM ^
Honest question…..how do you know he is broke? There is nothing showing or stating that unless I overlooked it. It just might be he has no desire to keep the stuff any longer and I’m definitely sure his kids could care less about his memorabilia. I could easily see him just being done with all that stuff. New chapters in life tend to help us purge “things”, be it material things, friends, and even thoughts.
February 22nd, 2024 at 11:54 PM ^
There is still an outstanding debt of $8.3 million that he has yet to pay. He had been selling homes and now this auction where he seems to be selling everything inside them. He’s denying the trophies are for sale now, although I think it may be some PR spin from him once the story broke and started getting tons of press.
“Detroit Lions running back Adrian Peterson has been ordered to pay almost $8.3 million in summary judgment to a Pennsylvania loan company after a defaulted loan in 2016, New York State Supreme Court records show,” ESPN’s Michael Rothstein wrote in January 2021.
“DeAngelo Vehicle Sales LLC sued Peterson in 2018 after the running back failed to pay back an initial sum of $5.2 million, including interest, by March 1, 2017.” Peterson has sold or attempted to sell multiple homes in light of his financial obligations.
February 24th, 2024 at 12:24 PM ^
Thanks for that info!
February 22nd, 2024 at 8:56 PM ^
< nvm >
February 22nd, 2024 at 8:58 PM ^
Peterson is obviously an idiot. The NFL offers money management, education, and counseling for all their players to take control of their finances and make informed decisions.
I sat in on one of these meetings with the Lions when Ty Detmer was the QB. They do their best to guide the players in the right direction.
You can't fix stupid though.
February 22nd, 2024 at 9:07 PM ^
With all the counselling and other financial assistance resources NFL players have, all that money, and ostensibly an education, this is almost unbelievable.
February 23rd, 2024 at 12:58 AM ^
Not really, its very hard for some people to give up the lifestyle when they were making millions which for some feels like infinite money.
February 23rd, 2024 at 12:56 AM ^
I would bet AP has most of his assets in trusts and retirement accounts that can't be touched. Much of this is probably a good faith show for the courts when he eventually files for bankruptcy.
I very well could be wrong.