Adrian Peterson loan in default

[Vikergirl]

http://m.startribune.com/lawsuit-adrian-...450324333/

[Guest]

This could be any athlete - they don't understand money, and are very willing to walk away from obligations.   Personally, if I owe someone money, I can't sleep at night if I don't have a plan to pay it off.

[Guest]

I always thought he'd be broke quickly after retiring but it sounds like he's already on his way.  A fool and his money are soon parted.

[Guest]

AP could have gone down as one of the greatest, but something tells me he is going to go the route of TO and Chad Johnson.  40 years old, and still trying to make a comeback is in his future I'm afraid.

[Guest]

@Tom Moore said:
This could be any athlete - they don't understand money, and are very willing to walk away from obligations.   Personally, if I owe someone money, I can't sleep at night if I don't have a plan to pay it off.

"Any athlete" seems a little unfair to many of them. Look, you have met a lot of these guys, I have not, so tell me: does it sound like something in character for Chad Greenway or Brian Robison? I know a lot of them get into money trouble, but I'm hesitant to tar all of them with the same brush because a highly visible subset is irresponsible. In the same way, there are some with casual sex lives, but I bet a lot of others with committed relationships.

I guess I don't want to excuse Peterson with any kind of "all his peers are just as bad" rationalization; maybe implying that wasn't really your intent.

[Guest]

I really don't think that's what Tom is saying. 

[Guest]

Does the league do anything to guide players in terms of investing / saving / pensions....
or is is "Here's your millions...go buy cars and gold necklaces"

Saw that documentary a couple years ago..large percentage of those rich athletes end up broke.

Sad.  These guys are at the height of the athletic spectrum, the best at what they do and paid handsomely.... but don't plan for the future.

[Guest]

@Jor-El said:

@Tom Moore said:
This could be any athlete - they don't understand money, and are very willing to walk away from obligations.   Personally, if I owe someone money, I can't sleep at night if I don't have a plan to pay it off.

"Any athlete" seems a little unfair to many of them. Look, you have met a lot of these guys, I have not, so tell me: does it sound like something in character for Chad Greenway or Brian Robison? I know a lot of them get into money trouble, but I'm hesitant to tar all of them with the same brush because a highly visible subset is irresponsible. In the same way, there are some with casual sex lives, but I bet a lot of others with committed relationships.

I guess I don't want to excuse Peterson with any kind of "all his peers are just as bad" rationalization; maybe implying that wasn't really your intent.

True, but 80% of pro athletes are broke within 5 years of retirement.   I have spoken to Brent Novoselsky (former Viking, went to Penn and is now a financial planner for current players, former players and coaches - yes, coaches are just as bad with money), and he said this is so common, because no one taught them about money, they often have large entourages of friends and family who want to get money from them, and they don't perceive that their career will ever end.  

I know all that sounds odd, but Brent say it is so common

[Guest]

@Vanguard83 said:
Does the league do anything to guide players in terms of investing / saving / pensions....
or is is "Here's your millions...go buy cars and gold necklaces"

Saw that documentary a couple years ago..large percentage of those rich athletes end up broke.

Sad.  These guys are at the height of the athletic spectrum, the best at what they do and paid handsomely.... but don't plan for the future.

Yes, they provide lots of resources.  Sadly, most of them ignore it.  They are 23 with a sudden inflow of cash.  It is not just a Viking issue, it is every pro league.

[Guest]

BTW - none of this mean AP is broke.  He may have just elected not to pay back the loan.  He didn't forget, as he would have got lots of notices before the lawsuit was filed