Bryant McKinnie Owes $4.3 Million After Taking Risk On Lockout Loan
Baltimore Ravens offensive tackle, Bryant Mckinnie, owes Pro Players Funding (PPF) $4.3 million after taking out a loan from the organization prior to the 2011 lockout, according to TMZ.
McKinnie was one of several players to take out a very high risk loan during the period of the NFL lockout where players missed paychecks. Under McKinnie’s loan agreement, if one payment was missed than PPF would require him to pay the loan in full including interest.
When Mckinnie was cut from the Minnesota Vikings last season his payment plan had changed and he ended up missing a payment in August. As a result PPF filed a suit against Mckinnie in order to retrieve the loan.