Baker Mayfield seeks $12M in lawsuit against his father’s company, alleges breach of contract
An ongoing dispute between Tampa Bay Buccaneers quarterback Baker Mayfield and his family in Austin has boiled over into a lawsuit.
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Attorneys for Baker filed suit in U.S. District Court on Nov. 22. The lawsuit alleges that the Camwood Capital Management Group and its subsidiaries failed to fulfill their end of a settlement agreement, which outlined a repayment plan for more than $12 million to him. His father, James W. Mayfield, owns Camwood and his brother Matt also has a stake in the company.
Baker’s wife, Emily, and the couple’s company Team BRM, LLC are also listed as plaintiffs in the lawsuit.
The lawsuit said a “confidential settlement and release agreement” was formed in January 2024 with three prongs to fulfill.
The first was a repayment of roughly $11.7 million plus interest beginning in September 2024, the second was to refinance an existing loan to aid in the repayment and the third was to give Mayfield access to the company’s books and records. None of those conditions were met, according to the lawsuit.
According to the lawsuit, $12.2 million was transferred from Mayfield to the defendants from 2018-2021 without Mayfield’s authorization, primarily to one of Camwood’s subsidiaries Texas Contract Manufacturing Group. Unitech Tool and Machine Inc., Apex Machining, Inc. and Lor-Van Manfacturing, Inc. are other subsidiaries named in the lawsuit.
The lawsuit also alleges that Mayfield’s money was used “to cover general operating expenses (such as to meet payroll obligations),” and that the money was the primary source of funding for the companies. Mayfield didn’t receive any equity or stake in the company, the lawsuit said.
