After failing to pay roughly $4.5 million in loans in anticipation of the NFL lockout last year, offensive tackle Bryant McKinnie will see a smaller paycheck while playing for the Ravens this season.
Published reports are saying the Ravens will garnish 50 percent of McKinnie’s net compensation in an effort to settle a lawsuit filed against him by a lending agency in New York. Pro Player Funding alleged in a November lawsuit that McKinnie had failed to repay the loans, and the suit was settled on July 17, per court documents.
His net compensation includes all wages and bonuses the Ravens might owe the 32-year-old lineman. He is set to earn $3.2 million in 2012 and was awarded a $500,000 roster bonus in March.
As part of the settlement agreement, the lending agency “shall take no action to enforce or collect the Judgement other than continuation of the Ravens Garnishment.”