Jul 17 2013, 6:32pm CDT | by Poch de la Rosa
According to Brian Bandell of the South Florida Business Journal, Sun Trust Bank filed a foreclosure lawsuit five months ago against Culpepper, his wife and DRKRC Land Trust over a 9,867-square-foot house he owned at 16730 Berkshire Court in Landmark Ranch Estates.
In Bandell's words, "In April, the home was surrendered to SunTrust in a deed in lieu of foreclosure. It cited $3 million in debt released in exchange for the property." Sun Trust eventually dropped the lawsuit two weeks ago so it won't pursue Culpepper for damages against his other assets.
Culpepper reportedly bought the house for an estimated $3.6 million in 2006 when he suited up as quarterback of the Miami Dolphins. The Associated Press reports the fromer NFL star owns another home in the suburb of Weston.
He played in the NFL from 1999-2009 for the Minnesota Vikings, Miami Dolphins, Oakland Raiders and Detroit Lions. He amassed 24,153 yards, 149 touchdowns and 106 interceptions for a career 87.8 quarterback rating, per ESPN stats.
The Dolphins re-structured Culpepper's contract after he was traded from the Vikings. It came with a $7 million signing bonus on top of the $1 million he was slated to earn in 2006, adding up to $51.5 million through 2013.
Things didn't go as planned as he was released after just one season in Miami due to injuries. Bandell says Culpepper's last appearance as a football player came in 2010 with the United Football League's Sacramento Mountain Lions.
Poch de la Rosa
Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.
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