Baker Mayfield says his father's company transferred the money 'without authorization'
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Tampa Bay Buccaneers quarterback Baker Mayfield filed a lawsuit against his own father for $12 million stemming from an apparent contract issue with his dad's company.
Mayfield accused his father's company, Canwood Capital, of transferring the money from Mayfield and his wife "without authorization" from 2018 to 2021.
According to the lawsuit, the two parties reached a settlement in January in which Mayfield's father, James, would pay nearly all of it back, but Mayfield says he has not received any of it.
Tampa Bay Buccaneers quarterback Baker Mayfield speaks at a news conference after an NFL football game against the San Francisco 49ers in Tampa, Fla., Sunday, Nov. 10, 2024. (AP Photo/Chris O'Meara)
The first payment of $250,000 was due on Sept. 30, but Mayfield never got it, the suit says.
"Once Plaintiffs began to uncover Defendants' misconduct and sought answers to explain the taking of their assets, Defendants attempted to obscure the relevant information, avoided Plaintiffs' inquiries, and invented fictional explanations for their actions…" the suit read.
"It is now clear that Defendants had no intention of making Plaintiffs whole when they entered into the Settlement Agreement. To date, Canwood Capital has not repaid even one dollar under the Settlement Agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs with access to their books and records… In other words, Defendants have satisfied none of their obligations and have refused even to respond to Plaintiffs' outreaches about those breaches."
Tampa Bay Buccaneers quarterback Baker Mayfield (6) passes against the San Francisco 49ers during the second half of an NFL football game in Tampa, Fla., Sunday, Nov. 10, 2024. (AP Photo/Chris O'Meara)
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The Mayfields say they have "no choice" but to file this new lawsuit — nine pages long and files in U.S. District Court in the Austin Division of the Western District of Texas.
Fox News Digital reached out to James Mayfield's company for comment.
Mayfield is in his second season with the Buccaneers, succeeding on a one-year prove-it deal last year to earn himself a three-year, $100 million pact.
Baker Mayfield #6 of the Tampa Bay Buccaneers celebrates after scoring a rushing touchdown against the New York Giants during the second quarter at MetLife Stadium on November 24, 2024 in East Rutherford, New Jersey. (Elsa/Getty Images)
Mayfield's Bucs just walloped the lowly New York Giants, 30-7, when Mayfield admitted to making a "tribute" to Tommy DeVito with an Italian-hand gesture following a rushing touchdown.
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