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.