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NFL Star Bryant McKinnie

$4 Million Mistake

After Vikings Cut Me Loose

4/12/2012 4:00 AM PDT BY TMZ STAFF
EXCLUSIVE

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Baltimore Ravens lineman Bryant McKinnie took a HUGE gamble on the eve on the 2011 NFL lockout ... but his gamble didn't pay off ... and now he's gotta come up with $4 million QUICK ... or else.

Back when McKinnie was a member of the Minnesota Vikings ... dude must have had a feeling a lockout was on the horizon ... because in February 2011, he took out a $4 million personal loan with Pro Player Funding ... which specialized in "lockout loans" for NFL guys looking to cover their asses during the impending pay freeze.

According to court docs obtained by TMZ ... the loan was VERY high risk ... with high interest rates and a clause that allowed PPF to call in the entire amount due if Bryant missed ONE payment.

And that's exactly what happened in August 2011 ... right after the lockout ended and Bryant was CUT from his team.

But there seems to be an explanation ... according to the docs, McKinnie had directed his paychecks to go directly from the Vikings to PPF. But when Bryant was fired and the paychecks stopped, he never arranged for PPF to get its payments ... and he missed his August bill.

PPF instantly went to the court and obtained a judgment against McKinnie ... ordering the NFL star to pay back his entire loan ... plus interest ... totaling $4.3 million.

During the lockout, several NFL players spoke out against loans of this sort claiming they weren't in the best interest of the players ... and now McKinnie seems to be living proof.

So far, no comment from Bryant.

For more sports stories, check out tmzsports.com!
18 COMMENTS

No Avatar

1.

just because    

DJ Paul!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

841 days ago
2.

itsnoise    

isn't there anyone here who deletes these idiots who spam in the comments section??? Why don't you idiots get a life, plus nobody reads or tries your crap spammers!!!

841 days ago
3.

Marvin     

Big mistake.

840 days ago
4.

Jazmin Himes    

dude must have had a feeling a lockout was on the horizon

840 days ago
5.

KicksandGiggles    

If these players get any dumber, they will be literally swinging from trees.

840 days ago
6.

OMG    

How do you make so much money and still be so broke as soon as your force to retire SMH

840 days ago
7.

No comment    

McKinnie has been in the league since 2002. The lockout lasted 130 days. He has made millions for years, and couldn't survive 4 months?

840 days ago
8.

EastCoastChopper    

It's not like black athletes never want to pay their bills or anything...

840 days ago
9.

buzz kill    

All the money these bums make and they have to borrow money. With these financial management skills at least he is qualified to work for the U.S. government.

840 days ago
10.

Pudding Tang    

that's what Bryant gets for wearing those ridiculous million dollar earrings

840 days ago
11.

Jay W.     

"$4 Million Mistake"


Good luck with that one ...

840 days ago
12.

John    

Its called bankruptcy... yawn.. worthless story.. unless this company got lien holder rights before hand on any of his property that he owned out right then they are screwed. Any company that stupid to do a unsecured loan should be ****ed over..

840 days ago
13.

Dumbass    

Guess he better sell all that recording studio equipment, big ass house and condos he bought for his ****ty artists he signed to his horrible record label. dumbass.

840 days ago
14.

Ironic    

Ha ha ha I want to lick his freakin tears.

What a greedy bastard.

840 days ago

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