Former NFL star Clinton Portis has reached an agreement to repay $190
Jordan Howard Jersey Youth ,000 he owes a New Jersey casino.The former running back with the Washington Redskins and Denver Broncos was given $200,000 in credit in 2011 to gamble at the Borgata casino in Atlantic
City. But he didn’t have sufficient funds to cover the debt, and six checks he
signed to the casino bounced.
Portis retired in 2012 after rushing for just under 10,000 yards and scoring 75 touchdowns between 2002 and 2010.
Under a deal reached last week in Florida bankruptcy court, he will pay the Borgata 10 percent of any income he receives above $30,000 through August
2021.
During court proceedings
Texans Elite Jerseys , lawyers for Portis said he thought he had more than enough to cover the debt. He anticipated $8 million from his NFL contract, but
it ended when he was cut from the Redskins a month later.
”At that time, in January of 2011, my client was slated to make $8 million in the coming year,” Steven Silton, a lawyer for Portis
Cheap Christian Kirk Jersey , testified. ”He believed that his financial situation was very, very, very solid and that there was no question that he had
more than enough financial capability.”
Portis had difficult contract negotiations that resulted in him being cut by the Redskins, Silton said.
”He had no reason to believe that as of that time that he wasn’t going to be playing for the Redskins, or he wasn’t going to be making the money that he was
contractually obligated to make,” Silton said.
Portis has repaid $30
Joe Carter Jersey ,000 of the $200,000 he was fronted by the casino. The remaining $170,000 balance has grown to $190,000 with interest and attorney
fees.
He will have to show his tax returns to casino officials each year to verify his income.
Portis’ financial difficulties have been well-documented. In the court proceeding, his lawyer said an unnamed financial adviser ”absconded with upwards
of $8 million dollars” worth of the player’s money.
Portis told Sports Illustrated last June that he contemplated killing one of his financial advisers but was talked out of it by a friend while parked outside
his office with a gun.
Several of his advisers were barred from working in the financial services industry but were not convicted of a crime.
Silton did not return a message seeking comment Wednesday, and the Borgata declined to comment.
—
Follow Wayne Parry at The Buffalo Bills have signed free agent linebacker Keenan Robinson in filling out their 90-player roster two days before opening
training camp.
Robinson signed on Tuesday and has five seasons of NFL experience
Authentic Paul Worrilow Jersey , including the past two with the New York Giants. He was limited to playing six games last year before sustaining a
season-ending quadriceps injury.
Robinson spent his first four seasons with Washington after being selected in the fourth round of the 2012 draft. He missed all of 2013 with a torn pectoral
muscle.
Overall, he has two interceptions and 1 1/2 sacks in 58 career games, including 30 starts.
The Bills open training camp in suburban Rochester on Thursday.
.
