Baltimore Ravens offensive tackle Bryant McKinnie has to pay Pro Player Funding $4.3 million after missing a personal loan payment last August, TMZ reports.McKinnie took out the loan to tide him over during the lockout last summer.
The loan contained a clause that said PPF could recall the entire amount if McKinnie missed a payment.
When McKinnie got cut from the Vikings in the preseason, he missed a payment. Apparently McKinnie was direct-depositing his paychecks into a PPF fund. But when he got cut and then signed with Baltimore, he didn’t update his payment schedule.
So it was basically a $4.3 million logistical error.
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