When Peterson was at Oklahoma, he said, his first daughter was born, adding responsibilities to his plate outside of "playing football and going to class."
"Nobody wants to live in the dorms for four years," Peterson said. "You see the guys who are older, and they have responsibilities. I feel like, as much money as universities make, some of that should come down to the players, as well."
Peterson also spoke out against NBA commissioner Adam Silver's comments that basketball players should stay in school for two years.
"They're trying to make basketball players go two years in college. Wow. I wonder why?" Peterson said. "Think about it -- just imagine if LeBron James had been in college for two years. How much money would that college have made off LeBron James? They would have made so much money off LeBron James. It's about the freedom to do as you want and make your own decisions."