TAMPA, Fla. (AP) — Buccaneers quarterback Baker Mayfield sued his father’s company last week for breach of contract over its failure to pay back millions, according to court documents obtained by ESPN.

The lawsuit was filed November 22 in U.S. District Court in Texas on behalf of Mayfield, his wife Emily, and their company, Team BRM, LLC (TBRM). It is alleged that Camwood Capital Management Group and its affiliates received $12 million from the Mayfields between 2018 and 2021 without their knowledge or consent.

Mayfield’s father, James W. Mayfield, is listed on Camwood Capital’s website as founder and chief executive officer. Baker Mayfield’s brother, Matt Mayfield, is listed as managing director of Camwood Capital.

According to the lawsuit, between 2018 and 2021, “significant amounts of money were transferred by Baker and Emily Mayfield” from their personal accounts and TBRM’s accounts primarily to Texas Contract Manufacturing Group (TCMG), one of their subsidiaries. The lawsuit alleges that the Mayfields’ assets were distributed by Camwood and used to pay general business expenses – such as payroll obligations – without proper accounting or explanation. The lawsuit alleges that the Mayfields’ assets were used as the primary source of financing and capitalization for the company, that they did not record or record any debt, and that they received no equity interest in the company.

In August 2023, the Mayfields filed a petition requesting information about possible misappropriation of funds.

The lawsuit says that when the Mayfields began exposing Camwood’s alleged misconduct and sought answers to the expropriation, the company “attempted to obscure relevant information, avoided plaintiffs’ investigations, and invented fictitious explanations for their actions.” to declare their assets.

“None of these efforts could change the reality that Defendants took money from Plaintiffs with no intention or ability to pay it back,” the lawsuit says.

The two parties agreed to a confidential settlement effective January 23, 2024, in which Camwood Capital would repay a total of $11,741,000.00 plus interest in installments beginning September 30. The lawsuit states that the defendants were also required to refinance an existing loan to free up capital to repay the Mayfields and provide them with access to the defendant’s books and records. The lawsuit says none of these obligations were met.

“It is now clear that defendants had no intention of compensating plaintiffs when they entered into the settlement agreement,” the lawsuit says. “To date, Camwood Capital has not repaid a single dollar under the Settlement Agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs access to their books and records (continuing a pattern and practice to deny access to the plaintiffs). relevant information).

The lawsuit demands that Camwood repay the $11,741,000 plus interest.

Mayfield, who was selected first overall in the 2018 NFL Draft by the Cleveland Browns, signed a one-year “try-it” contract with the Bucs in 2023 to succeed the retiring 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 to a three-year contract worth $100 million.