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Report: Adrian Peterson in debt after lawyers explains he 'trusted wrong people'

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Report: Adrian Peterson in debt after lawyers explains he 'trusted wrong people'

A report shows that Redskins veteran running back Adrian Peterson has numerous debts despite earning more than $100 million during the course 13-year NFL career. 

Attorney Chase Carlson explained that Peterson is actually a victim of fraud and that the legal process is ongoing:

“The truth behind Adrian Peterson’s current financial situation is more than is being reported at this time. Because of ongoing legal matters, I am unable to go into detail, but I will say this is yet another situation of an athlete trusting the wrong people and being taken advantage of by those he trusted. Adrian and his family look forward to sharing further details when appropriate.”

The Athletic reported that Peterson is being sued for more than $5 million for debts in Pennsylvania and has been ordered by judges to pay back nearly another $3 million in loans. 

This offseason, Peterson signed a two-year, $5 million deal with the Redskins. The contract holds $1.5 million in guaranteed cash. 

In 13 NFL seasons, Peterson has rushed for more than 13,000 yards and more than 100 touchdowns, good for 8th all-time in rush yardage and tied for 5th all-time in TDs. 

Last year with the Redskins, on a team bereft of offensive options, Peterson ran for more than 1,000 yards and seven TDs. 

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Report: PepsiCo joins FedEx as latest Redskins sponsor to request name change

Report: PepsiCo joins FedEx as latest Redskins sponsor to request name change

One week after a group of shareholders and investment groups worth a combined $620 billion reportedly threatened to end their relationships with Redskins sponsors PepsiCo, FedEx and Nike if the team didn’t change its name, all three companies have made steps toward pressuring Washington to do so.

According to NBC4, PepsiCo made a formal request Friday that the team retire the controversial name Redskins despite owner Dan Snyder maintaining for years that he would never change it.

“We have been in conversations with the NFL and Washington management for a few weeks about this issue. We believe it is time for a change. We are pleased to see the steps the team announced today, and we look forward to continued partnership," a company spokesperson said in a statement, per NBC4.

RELATED: REPORTS: REDSKINS' NAME REVIEW IS EXPECTED TO RESULT IN A NAME CHANGE

The request comes only a day after FedEx issued its own request for a new name and Nike removed all Redskins apparel from its website. Snyder released a statement Friday morning indicating the franchise would conduct a “thorough review” of the name.

"This process allows the team to take into account not only the proud tradition and history of the franchise but also input from our alumni, the organization, sponsors, the National Football League and the local community it is proud to represent on and off the field,” Snyder said via the statement.

The franchise has had the name Redskins since its second season in 1933, when it still played in Boston. Snyder bought the team in 1999 for $750 million.

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Report: Dan Snyder 'will be seen as a pariah' if Redskins don't change name

Report: Dan Snyder 'will be seen as a pariah' if Redskins don't change name

After various calls for action by the public and numerous sponsors, the Washington Redskins plan to conduct a thorough review of their team's name. 

That review is reportedly expected to result in a name change for the franchise, which according to Mike Freeman, could help owner Dan Snyder avoid significant backlash. 

Freeman reports from a league source that if Washington doesn't change their name from the Redskins, Snyder, "will be seen as a pariah in a world that is rapidly growing and evolving. There’s no more tolerance for this. That era is over.”

Over the last few days, FedEx, Nike and PepsiCo all requested that Washington changes its name. Nike removed all Redskins apparel from their website, while FedEx and PepsiCo issued formal requests for a change. The NFL had also been in contact with Snyder over the past few weeks regarding the team's controversial name. 

RELATED: REDSKINS' REVIEW EXPECTED TO RESULT IN NAME CHANGE

"In the last few weeks we have had ongoing discussions with Dan [Snyder] and we are supportive of this important step," Commissioner Roger Goodell said in a statement

These calls for Washington to change their name come at a time where racial injustice has become a paramount societal issue. After George Floyd's death in Minneapolis, protests erupted across the globe demanding an end to police brutality the systematic oppression of Black people.

Since then, racial injustices of any kind have been put under a brighter light, including requests for Washington to change the name of its professional football team. 

Stay connected with the Redskins in the MyTeams app. Click here to download for comprehensive coverage of your teams.

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