Bryant McKinnie reached a settlement with a New York-based agency that gave him a $4.5 million loan he failed to repay, according to The Baltimore Sun. McKinney received the loan during the 2011 NFL lockout.
McKinnie will pay 50 percent of his salary this year to a company called Pro Player Funding, which sued him over the debt. He's slated to earn a $3.2 million base salary in 2012. McKinnie's wages will be garnished for the debt.
The Sun reported that McKinnie defaulted on his obligation last August partly because his loan agreement with Pro Player Funding stipulated that his team at the time, the Minnesota Vikings, would send a payment the team owed him directly to Pro Player Funding. However, McKinnie was released by the Vikings before they were required to make the payment. TMZ.com reported that Pro Player Funding had the right to sue McKinnie over the debt if he missed a payment.
McKinnie fully participated in Monday's practice, the first time he's fully practiced this training camp. He reported four days late after injuring his back in a fall at his South Florida home.
Follow Ravens reporter Jason Butt on Twitter: @JasonButtCBS and @CBSSportsNFLBAL.