August 27, 2014
Former New Orleans Saints running back Deuce McAllister has filed for bankruptcy protection for a car dealership he owns in Mississippi.
The free agent running back is in a dispute with Nissan's
financing arm. Nissan says McAllister owes more than $6.6 million
and nearly $300,000 in interest.
The company says McAllister defaulted on a deal, then exceeded
his credit line.
McAllister said Tuesday he filed for bankruptcy to protect his
inventory and is searching for an investor.
The 2001 first-round draft pick was released by the Saints in a
salary cap move last month and is now looking for a new team. He
was due $7 million next season.
McAllister also owns a luxury vehicle dealership in Jackson.