Baker Mayfield Sues Father’s Company for $12 Million Over Unfulfilled Settlement

Tampa Bay Buccaneers quarterback Baker Mayfield has filed a lawsuit against Camwood Capital Management Group, a company owned by his father, James W. Mayfield, and in which his brother, Matt Mayfield, has an ownership stake. The lawsuit, filed in U.S. District Court on November 22, seeks $11.74 million plus interest, costs, and attorney fees from the company.

The dispute arises from a “confidential settlement and release agreement” made in January 2024, which required Camwood Capital Management Group to repay approximately $11.7 million to Mayfield. This amount was allegedly transferred from Mayfield to a subsidiary of Camwood, Texas Contract Manufacturing Group, without his authorization. The settlement also mandated that the company refinance an existing loan to facilitate the repayment and provide Mayfield with access to the company’s financial records.

According to the lawsuit, Camwood Capital Management Group has failed to fulfill any of the terms of the settlement agreement. The company has not repaid any of the $11.7 million, has not refinanced the existing loan, and has not provided Mayfield with access to the company’s books and records. As a result, Mayfield’s team has been forced to file suit for breach of the settlement agreement to recover the improperly taken assets.

Baker Mayfield, a former Heisman Trophy winner and No. 1 overall pick, is currently with the Tampa Bay Buccaneers after signing a three-year, $100 million deal this offseason. The lawsuit highlights a significant financial and familial conflict involving one of the NFL’s prominent players.