While Baker Mayfield’s performance on the field has been impressive this season, it appears that the Tampa Bay Buccaneers quarterback is now facing a significant legal battle off the field. Despite his success in the NFL, a dispute within his family has led to a courtroom confrontation that involves millions of dollars.
According to a report by KXAN Sports in Austin, Mayfield is currently embroiled in a legal dispute with his father’s company, seeking the repayment of roughly $12 million that he had loaned to the business. The disagreement has escalated to the point where Mayfield, along with his wife Emily and their company, Team BRM, are listed as plaintiffs in a lawsuit against Camwood Capital Management Group, which is owned by Baker’s father.
The report indicates that a “confidential settlement and release agreement” was put together in January of this year in an effort to resolve the financial dispute. The agreement had three specific conditions for Camwood Capital to fulfill: (1) repayment of $11.7 million plus interest beginning in September 2024, (2) refinancing of an existing loan to aid in repayment, and (3) granting Mayfield access to the company’s financial records.
However, the lawsuit alleges that none of these conditions have been met. The suit claims that despite the agreement, Camwood Capital has failed to repay even a single dollar under the settlement terms, has not refinanced the existing loan, and has refused to provide Mayfield with access to their financial records.
“To date, Camwood 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,” reads the lawsuit. “As a result, Plaintiffs have been left with no choice but to file suit for breach of the Settlement Agreement to recover the assets improperly taken from them.”
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The Mayfields’ lawsuit goes on to claim that Baker’s loaned money was used to cover general operating expenses for the business, such as payroll. Additionally, the suit asserts that Mayfield’s money was the primary source of funding for Camwood Capital, yet he did not receive any equity or ownership stake in the company in exchange for his financial contributions.
Now, Baker Mayfield is seeking restitution of “no less than” $11.74 million, along with interest, costs, and attorney fees. The lawsuit also asks for “any other relief that the Court deems just and proper” as the legal battle continues.
Despite these off-field challenges, Mayfield’s career on the field has been thriving. The quarterback recently signed a four-year contract with the Tampa Bay Buccaneers worth $100 million, including $50 million guaranteed. This lucrative deal follows an impressive performance under his single-year contract in 2023, where he showed significant promise leading the Bucs offense.
Through 11 games in the current season, Mayfield has continued to put up strong numbers, guiding the Buccaneers to a second-place standing in the NFC South with a record of 5-6. Individually, Mayfield ranks in the top 10 in the league for passing yards, with 2,799 yards, and sits among the top three in passing touchdowns, with 24 on the season.
While the legal dispute with his father’s company looms over his personal life, Mayfield’s determination on the field is apparent, as he aims to keep the Buccaneers competitive in a challenging division.
The outcome of the lawsuit remains to be seen, but for now, Mayfield is focused on leading his team to success while navigating a complex legal battle behind the scenes.
