DeSean Jackson owes Drew Rosenhaus $516K in unpaid loans, fees
APR 16, 2014 11:26p ET
An NFL Players Association arbitrator ruled Wednesday that Jackson owes his former agent Drew Rosenhaus $516,415 in unpaid loans and agent fees.
Rand Getlin of Yahoo! Sports reported that Rosenhaus had originally been seeking $777,793 "for loans, interest, credit card charges and insurance premiums."
Black Sports Online reported that Rosenhaus loaned Jackson much of that money in 2011, when the wide receiver was "spending recklessly," and that Rosenhaus even allowed Jackson to use one of his credit cards.
Though the ruling may put more of a strain on Jackson's reputation, he won't have any problem paying his debts. His contract with the Redskins includes $16 million in guaranteed money.
Getlin provided more details on the matter in a string of tweets.
An NFLPA arbitrator found that Rosenhaus giving Jackson $50,000 cash, and a $90,000 check at the time of his signing was not an inducement.— Rand Getlin (@Rand_Getlin) April 16, 2014
Part of what DeSean Jackson owes to Rosenhaus came in the form of a $375,000 interest-free loan he received from the agent when he signed.— Rand Getlin (@Rand_Getlin) April 16, 2014
Of that $375K, Rosenhaus said he'd forgive $175K if DeSean allowed him to negotiate his then-upcoming contract w/ the #Eagles.— Rand Getlin (@Rand_Getlin) April 16, 2014