Nissan says nearly $7M owed

Updated: March 3, 2009, 7:38 PM ET
Associated Press

JACKSON, Miss. -- 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.


Copyright 2009 by The Associated Press