Jack Lambert of the Baltimore Business Journal is reporting that the Baltimore Ravens will garnish 50 percent of offensive lineman Bryant McKinnie’s net compensation to help settle a lawsuit by a lending agency.
In November, a lawsuit was filed by Pro Player Funding, a boutique sports lending firm alleged that McKinnie failed to pay about $4.5 million in loans taken out in 2011 in anticipation of the NFL’s player lockout.
According to Lambert, the Ravens management has agreed to garnish “a total of fifty percent” of McKinnie’s future net compensation until the full amount owed is paid, per the settlement agreement. The team will pay that total directly to Pro Player Funding. Net compensation includes all wages and bonuses the Ravens might owe the 32-year-old offensive lineman.
McKinnie failed to show up to the start of Ravens training camp due to an injury however it is unknown whether the team will fine him the $30,000 for each day McKinnie was absent.