Things could get awkward for Baker Mayfield’s family this holiday season as the star quarterback is suing his father for nearly $12 million.
According to KOCO News, Mayfield, his wife and company have filed a lawsuit against his father’s company, claiming $12 million was stolen from the Tampa Bay Buccaneers quarterback.
According to ESPN, the lawsuit was filed in U.S. District Court in Texas on Nov. 22 on behalf of Mayfield, his wife, Emily, and their company, Team BRM, LLC (TBRM).
It alleges that Camwood Capital Management Group and its subsidiaries obtained $12 million from the Mayfields between 2018 and 2021 without their knowledge or consent.
Mayfield’s father, James W. Mayfield, is listed as the founder and senior managing director of Camwood Capital on its website. Baker Mayfield’s brother, Matt Mayfield, is listed as Camwood Capital’s managing director.
According to the lawsuit, more than $12 million was taken from Baker and Emily Mayfield from 2018 to 2021.
The lawsuit says a collection of interconnected entities with common ownership transferred more than $12 million from Mayfield to themselves without authorization, proper documentation or adequate accounting of the transactions.
The defendants then allegedly used the money however they desired, “including to fund acquisitions or to cover general operating expenses (such as to meet payroll obligations),” according to the lawsuit.
The Mayfields claim that once they started learning about the alleged misconduct and sought answers, the defendants – Camwood Capital Management Group, LLC; Texas Contract Manufacturing Group, Inc.; Unitech Tool & Machine, Inc.; Apex Machining, Inc.; and Lor-Van Manufacturing, Inc. – tried to hide the relevant information, avoid questions and provided false explanations.
“None of those efforts could alter the reality that Defendants took money from Plaintiffs with no plan or ability to repay it,” the lawsuit states.
The Mayfields and defendants agreed to a confidential statement and release agreement in January.
The agreement stated that Camwood Capital must pay $11.741 million plus interest on a schedule starting on Sept. 30. The defendants also were obligated to refinance an existing load to free up capital to repay the plaintiffs and to provide access to their books and records.
“It is now clear that Defendants had no intention of making Plaintiffs whole when they entered into the Settlement Agreement,” the lawsuit states, claiming the defendants have not paid a single dollar and have not followed any of the settlement agreement’s terms. “In other words, Defendants have satisfied none of their obligations and refused even to respond to Plaintiff’s outreaches about those breaches.”
Mayfield, selected first in the 2018 NFL draft by the Cleveland Browns, signed with the Bucs in 2023 on a one-year, “prove-it” deal to take over for the retired Tom Brady.
After leading the Bucs to an NFC South title and being named to the Pro Bowl last season, Mayfield re-signed with the team on a three-year deal worth $100 million.