Former UM star Clinton Portis owes more than $1 million to creditors
Former University of Miami and NFL running back Clinton Portis, who earned more than $43 million in his career, owes more than $1 million to various creditors, including more than $450,000 in back taxes to the Internal Revenue Service, Deadspin reported this week.
Portis told TMZ this week that he’s “doing fine” and his financial troubles resulted from bad business deals.
Among reported claims against Portis:
▪ MGM Grand Casino in Las Vegas won a default judgment in the amount of $287,178.56.
▪ An auto dealer is seeking $157,290 in payments on an Audi S5.
▪ A Florida bank is attempting to repossess a Gainesville home that Portis purchased for his mother, Rhonnel Hearn.
▪ Foreclosure proceedings are continuing on a $512,000 mortgage for a Miami condo.
▪ Portis is facing a $20,000 lawsuit from a condo association over assessment money.
▪ The IRS claims Portis owes taxes from 2006 and 2010.
Portis told TMZ that in 2008 he made a considerable investment into a casino that ultimately went bankrupt.
Portis and other NFL players later sued a financial adviser who allegedly persuaded them to invest.
“This been ongoing since 2011, 2012 ... we just gotta go thru the court process,” Portis told TMZ. “There’s nothing else I can do. My lawyers are currently dealing with this. …
“At the time I was the biggest name and had the deepest pockets. Now, they’re trying to hold me solely responsible for what was a bad business deal involving a lot of different people. … My lawyers are on top of it. ... “I’m still eating. Look at my Instagram. I’m not starving. I’m gaining weight. I’m doing fine. I’ll be OK.”
Portis, 33, last played in the NFL in 2010 and has since done some work as a commentator for the Atlantic Coast Conference’s digital network. He played his first two seasons with Denver and last seven with Washington, scoring 75 touchdowns and producing a 4.4 career rushing average.
This story was originally published June 19, 2015 at 4:23 PM with the headline "Former UM star Clinton Portis owes more than $1 million to creditors."