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Ravens will garnish half of McKinnie’s net wages

Bryant McKinnie AP

Ravens tackle Bryant McKinnie won’t be working only for himself this season.  He’ll also be working for Pro Player Funding.

According to the Baltimore Business Journal, the Ravens will withhold half of McKinnie’s net compensation this year and send it to the lending agency to which McKinnie allegedly owed a whopping $4.5 million.

McKinnie borrowed the money during the lockout — and presumably spent it.  When he missed a payment and the full amount came due, the company filed suit.

Per the report, the lawsuit was settled on July 17.  The agreement provides that Pro Player Funding will receive half of the net on McKinnie’s $3.2 million salary, and half of any future earnings from the Ravens.

The lending company will undertake no other effort to enforce or collect the money.

It’s unclear whether, if McKinnie is cut and signs with the new team, the garnishment obligation will continue.

If that’s the case, it could explain why McKinnie was three days late to training camp.  If he could have gotten the Ravens to cut him and if he could sign with a new team and owe the lending agency nothing, McKinnie could have potentially come out ahead elsewhere.

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56 Responses to “Ravens will garnish half of McKinnie’s net wages”
  1. mattolikesthevikes says: Aug 6, 2012 11:51 PM

    Man this guys a pile of chocolate pudding.

  2. doe22us says: Aug 6, 2012 11:52 PM

    Sad, sad, he is already broke before he retires aint that a darn shame.

  3. benh999 says: Aug 6, 2012 11:55 PM

    I still want to know WTF he did with the 4.5m loan for wages he never missed. Seriously, what is it he has to show for it? Usually, it is easier to seize assets than garnish wages. Does he really have nothing of value?

  4. skoobyfl says: Aug 6, 2012 11:58 PM

    Half of a fortune is still a fortune.

  5. negaduck says: Aug 6, 2012 11:59 PM

    dumb dumb dumb dumb dumb

  6. bigks77 says: Aug 6, 2012 11:59 PM

    Champagne anyone? Let’s hit the clubs!!!!!

  7. backuppunter says: Aug 7, 2012 12:05 AM

    note to self. don’t borrow 4.5 millions dollars if you don’t have a job.

  8. backindasaddle says: Aug 7, 2012 12:09 AM

    Another perfect example of why high schools should have mandatory personal finance classes. He just doesn’t understand how to manage money even at the most elementary level.

  9. djstat says: Aug 7, 2012 12:10 AM

    When his playing career is done…how long before he files bankruptcy?

  10. blackbelt4d says: Aug 7, 2012 12:20 AM

    Disappointed and starving, McKinnie said this totally wasn’t what he expected when he was told his wages would be garnished.

  11. veence69 says: Aug 7, 2012 12:24 AM

    When reached for comment, McKinnie responded, “Mmmm… Garnish.. Agggggg..”.

  12. bdoubleoey says: Aug 7, 2012 12:25 AM

    The guy is an idiot, always has been and always will be. He doesn’t play football cause he loves the game, he plays it cause he can. Its something to help pay for all the food and partying in the clubs.
    It is too bad, he has a ton of talent but no passion.

  13. pjrhc says: Aug 7, 2012 12:25 AM

    Meanwhile in realityville, I’m hoping to keep the house under $150,000 so I can make the bills…

  14. nflhof says: Aug 7, 2012 12:28 AM

    I can’t have my wages garnisheid.

  15. drwbrsdmndsnxplntn says: Aug 7, 2012 12:39 AM

    Dude is an idiot,

    Matt kalil > bryant uh, who?

  16. sterlingrodgers says: Aug 7, 2012 12:46 AM

    Guys like McKinnie keep spending “next” year’s salary this year- they gotta stop supporting the entourage, stop buying $150K gold earrings with a resale value of $30K, and realize that they’ve got a tremendous opportunity to have lifetime financial security, if they only rein in their financial irresponsibility 2-3 years before they retire.

  17. beavertonsteve says: Aug 7, 2012 12:46 AM

    Sounds like McKinnie could give Monty Brewster a run for his money.

  18. iamthefootballjerk says: Aug 7, 2012 12:50 AM

    gee, what a surprise. another athlete that handles his money so well

  19. tigobitties says: Aug 7, 2012 12:59 AM

    thats alot o’ money worth of cheeseburgers!

  20. joemammy says: Aug 7, 2012 1:12 AM

    Who is his financial advisor?…Art Modell?

  21. doctorfootball says: Aug 7, 2012 1:22 AM

    Don’t these guys know what the word “savings” means? Just because you have the money doesn’t mean you should spend it all. The lockout lasted a few months, right? What the heck was he doing that he needed 4.5 million dollars in that time, and as the article said, “presumably” spent it?

  22. fdugrad says: Aug 7, 2012 1:25 AM

    How in GOD’S name could he ( or anyone ) have spent 4.5 MILLION during the lockout? How does one obtain that kind of credit line? I thought he was merely a simple ( and I mean SIMPLE in every sense of the word ) glutton. It appears as though his gluttony in not reserved for food alone!! Apparently the stories of bankrupt and broken NFL players is not reserved for the retired alone. Just when you think you have heard, read or seen every permutation of stupidity and reach exceeding grasp, another pro football player steps up to the plate and corkscrews himself into the ground swinging for the seats!!

  23. denverscott says: Aug 7, 2012 1:26 AM

    Borrow and blow 4.5M when you’re only set to get 3M. Idiot.

  24. bennyb82 says: Aug 7, 2012 1:36 AM

    Is there a video? I would pay to watch a video of him spending all that. And that would be a great way to help pay off the debt. Next time…

  25. covercorner says: Aug 7, 2012 1:43 AM

    Give McKinnie credit. He went broke while playing pro football instead of 10 years after.

  26. urshgur says: Aug 7, 2012 1:55 AM

    note to backuppunter: check if he had a job (he did, with the Vikings) before you try to make fun of McKinnie

  27. nomoreseasontix says: Aug 7, 2012 2:07 AM

    What a dumbass. He didn’t even miss a paycheck…

  28. ravensfanhon says: Aug 7, 2012 2:09 AM

    As a Ravens fan, I am so sick of this guy. Out of shape, not at practice, sets a bad example on and off the field…give me a break. Just move Oher over to LT and cut him. Dude is the total opposite of what it means to Play Like A Raven.

  29. ebrownwareagle says: Aug 7, 2012 2:38 AM

    The U BIG Dummy!

  30. thevelvetglove says: Aug 7, 2012 3:10 AM

    For the life of me, I’ll never understand how these fools making millions upon millions of dollars can’t find the brains to keep any of it.

    I make 14 bucks an hour and live quite happy.

  31. ermur22 says: Aug 7, 2012 4:14 AM

    What an idiot

  32. matthewcarlson1 says: Aug 7, 2012 4:33 AM

    Hold on… I don’t remember his rookie deal numbers but I do know that in 2006 he got a 7 year extension worth 48 million. He received most of that money plus, I’m guessing at least 20 mil more between his rookie deal and Ravens contract. How is he broke? Because he’s lazy and dumb. He showed up overweight every year, he missed his only probowl because he didn’t feel like going to practice, and now he managed to blow over 50 mil in less than 15 years. Winner.

  33. phillyphan72 says: Aug 7, 2012 5:43 AM

    He probably still got some of it but got it hid….

  34. sudz28 says: Aug 7, 2012 5:51 AM

    That’s a LOT of pizza and buffalo wings!

  35. kingpel says: Aug 7, 2012 5:57 AM

    When will these guys ever learn to manage their money? Your NFL careers are not forever.

  36. awb35 says: Aug 7, 2012 6:09 AM

    OOO about 5 to 10 yrs from now i see a Real Sports interview with Gumbel and his condescending a#$ starring Bryant McKinney set your DVR now people!

  37. eleventyeight says: Aug 7, 2012 6:09 AM

    Having a lot of money is harder than being broke. Unless there is someone in your life you can fully trust, having millions after being poor is it’s own kind of hell: your “friends” get mad when you don’t wanna take the crew out for the nite(on your tab, of course).

    Women and goldiggers will kknow who you are and make you feel like your special while the spend every cent they can get their hands on. Then, when the money runs out, so do they- usually to your buddy who just got a fat contract.

    Your uncle Billy tells you he’s good with taxes and accounting and would be glad to hook you up on some hot investments and where to deposit your stacks and- oh, yeah: just sign this “Power of Attorney” thing real quick- it’ll make it a lot easier for uncle Billy to “take care” of those investments.

    Before you know it you’re broke, uncle Billy disappeared and so did your Jag, your g/f and $450,000 in cool cash. You got nowhere to sleep, no ride, no money, bad credit and you’re too ashamed and embarrassed to tell your teammates or coaches so you just keep screwing up and get benched.

    And RIGHT THERE is where you either become a man and start at zero, working hard to get back to being a good player. Or, you fall apart and regress into childish anger and blaming everybody else.

    The choice is yours; it always was and always will be. Pick the hard road; doing the right thing is never easy and doing the easy thing is NEVER right.

    Can ah get an a-men?

  38. pftcensorssuck says: Aug 7, 2012 6:46 AM

    note to self: don’t SPEND 4.5 million borrowed dollars if you don’t have a job.

  39. CKL says: Aug 7, 2012 7:06 AM

    I just don’t understand and never will. How hard is it to say if you don’t HAVE it, don’t SPEND it?

  40. lawyermalloy says: Aug 7, 2012 7:07 AM

    If he went to another team, the creditor would have simply filed another Garnishment petition to be served on the new team.

  41. effjohntaylornorelation says: Aug 7, 2012 7:27 AM

    Is it possible he pi$$ed away the $4.5 loan AND $4.5 salary? I sure hope some liberal sports media doesn’t expect us to share sympathy for this fool once he’s out of the league and homeless. Maybe he can get a job working on a Minnesota lake cruise ship!

  42. canetic says: Aug 7, 2012 7:27 AM

    Given the financial history of most football players, what kind of lender would loan a player $4.5 million and expect to get it back?

  43. wtfru2 says: Aug 7, 2012 7:53 AM

    Another Viking lineman told him he’s built like a bag of onions…..Now he acts like it.

  44. gotcaughtcheating says: Aug 7, 2012 8:16 AM

    He spent it all on eBay buying Steelers Super Bowl memorabilia.

  45. tombrookshire says: Aug 7, 2012 8:16 AM

    What if half what he makes in an any future Ravens contract exceeds what he owes, are they going to take that too? Story wasn’t very clear.

  46. steeelfann says: Aug 7, 2012 8:19 AM

    McKinnie never did have any morals much. From the Love Boat to fights to not paying your debts. If this guy was not a huge monster and gets to play pro ball, he’d be in jail. Useless. BTW, what happened to old school when everyone paid their debts as they felt responsible???

  47. burnz1379 says: Aug 7, 2012 8:36 AM

    This guy isn’t the smartest… I’m glad he’s not our problem anymore…

  48. tdk24 says: Aug 7, 2012 8:51 AM

    Not only a giant of a man, but a giant loser!

  49. tlmoon2112 says: Aug 7, 2012 9:12 AM

    Give the guy a break, hes only following after the example the President of The United States has set for him. “I dont have anymore money to spend so I will just print more and borrow it from China”…..5 TRILLION dollars later…….w00ps!!

  50. fdugrad says: Aug 7, 2012 9:57 AM

    eleventyeight: An accurate and sadly, continuing problem with professional football players. The truly baffling aspect is that the last chapter has not been written . Today alone, TO, Plax and Sapp are in the news for stories and all of them eventually come back to money woes, and yet, how many of this year’s rookies arrive, arm in arm with baby mammas, extravagant tastes and a large cadre of relatives and “close friends,” poised to sign a contract that will set them up for life, much like the previously mentioned players above? The salient question is : How long will the behaviors/choices guaranteed to lead to bankruptcy and abject failure continue? When will these players use the preceding patterns before their eyes to their advantage rather than following, lemming-like off the cliffs?

  51. spilkysmooth says: Aug 7, 2012 10:41 AM

    I agree with most of the prior post about what a D*#che Bag of a person Mckinnie has been in the past, but left out of the story is that he is the owner (or part owner) of a record label that he is trying to establish .Maybe the loan was to help keep his business going? Successful or not it is an attempt at a life after football. On a POSITIVE note he has never missed a game due to injury and played great vs the Steelers pass rushings LBs (best in league) twice last season. I love the rookie KO @ Rtackle and Oher @ Ltackle so he is an expensive backup but a solid backup!

  52. m2karateman says: Aug 7, 2012 10:54 AM

    That “Houseboats and Hookers” slush fund must have been pretty low for him to have to borrow that much……..

  53. diehardtwinsfan says: Aug 7, 2012 10:56 AM

    I’m not quite sure on the exact numbers, but Hunter Smith said in his book “the Jersey Effect” that something like 78% of all NFL players are bankrupt and divorced within 2 years of retirement…

    These guys get the world handed to them from the time people discover that they have NFL talent and they’ve never had to take any kind of responsibility for themselves… It’s sad, because this type of success essentially reveals their character flaws, and in Bryant’s case, it’s on display for all to see. I hope he figures it out soon. He doesn’t have many more years in the NFL, at which point he’s going to have to get a real job or live off of whatever he didn’t spend.

  54. rg3isvictory says: Aug 7, 2012 12:18 PM

    He fits in well with the city of Baltimore. That isn’t a knock on the Ravens at all. As a team I love what they do and the blue collar way the handle things on the field. But the City of Baltimore is a waste land taken over by people cut from the same clothe of McKinnie. People looking to avoid responsibility while siphoning anything and everything they can. I wonder if the team knew was trying to get cut to avoid the multimillion dollar hit.

  55. ravenseattheirownpoop says: Aug 7, 2012 12:25 PM

    Keep on spending moron. You’re gonna be working at McDonalds in two years. Would you like an apple pie with that?

  56. joevman says: Sep 4, 2012 3:52 PM

    Did you all not realize that he just borrowed $4.5 million and settled a year later for an amount between $1.6 million and zero? He got more than $3 million for nothing.

    He’s probably a schmuck, but isn’t there a chance that he’s more brilliant than all of us– borrowing money and then stashing it away?

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