Last year, a lender sued Washington Redskins running back Adrian Peterson for allegedly not repaying a loan totaling $6.6 million plus interest, drawing renewed scrutiny to athletes who lose their money. Peterson earned just over $100 million so far on the field in his career but couldnt pay his obligations.

The lender and Peterson agreed to negotiate again, and no further court filings have emerged since in the case. But that has not ended financial disputes surrounding Peterson and his money. The likely future Hall of Famer is currently embroiled in arbitration with Morgan Stanley Wealth Management over a soured investment, sources said. Morgan Stanley confirmed the arbitration.

Part of the reason he needed to borrow from the lender who sued him for nonpayment, one of the sources said, was because of the alleged failed investment. So Peterson has taken the white-shoe firm to arbitration, the process required in lieu of litigation under the term of most...

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Redskins' Adrian Peterson in arbitration with Morgan Stanley in latest money dustup - The Athletic