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Blog Entry

T.O., nearly broke, doesn't want your pity

Posted on: February 14, 2012 8:14 pm
Edited on: February 14, 2012 8:16 pm
 
Owens says he trusted the wrong people and now he's nearly broke and facing mounting bills. (Getty Images)

By Ryan Wilson

The NFL season may be over but that doesn't mean there's no football on the horizon. Yes, the NFL Combine is less than two weeks away but the same day that offensive linemen and tight ends go through their on-field paces at Lucas Oil Stadium, Terrell Owens will be making is IFL debut with the Allen Wranglers.

Okay, you were probably expecting a bit more in the "Wait, there's still football!" build up. And we suspect that, come Februrary 25, many of you will opt to watch 350-pound guys run 40 yards in a straight line (possible unintentional comedy value) over T.O.'s not-so-triumphant return to football (if you're into tragicomedy, then maybe Owens and the Wranglers are for you).

Part of the reason T.O. signed up for IFL duty is because he had burned a lot of NFL bridges. And of those left standing, no one was interested enough in a 37-year-old wide receiver with behavior-management issues to give him a shot. So the Wranglers, where Owens is also co-owner, was his only football-playing option. Exacerbating matters: T.O., who was in the NFL for 15 seasons and signed contracts worth $80 million, is nearly broke.

Appearing on ESPN Radio recently, Owens, however, said people shouldn't feel sorry for him.

"Absolutely not," he said via Sports Radio Interviews. "As far as my situation? The thought that I’ve lost $80 million dollars? That’s a little bit skewed considering like you said if you look at the years and the contracts that I have had and me not actually completing a couple of those contracts in their entirety.

"Again no matter what I have lost money," he continued. "It’s partially my fault because I didn’t manage and I wasn’t on top of my financial people as I should have. Again who’s to say how much I lost? Have I lost money? Yeah. Was it $80 million? I doubt it. But at the same time I feel like this is a situation for me to go out and speak and let a lot of guys know that are coming into the National Football League or any league for that matter … When you have financial advisors that you’re dealing with and that are on their team that are supposed to be taking care of their finances … I feel victim to it because I had heard about these stories prior to it happening to me and there’s going to be some other stories after me. The fact that I took for granted the orientations and the seminars that we had during the course of football season where these guys basically came in and tried to help us, facilitate us and educate us on your financial matters. I didn’t take advantage of that because I was referred to this guy that mismanaged my situation by my agent and my marketing guys."

Owens first spoke publicly about his financial situation in the January issue of GQ, even recounting one story where a friend, "a guy who I'd helped when his grandmother passed," drained one of his bank accounts of more than $270,000. He says the bank returned the money but "it pretty much destroyed whatever trust in people I had left." The article says that Owens never had many friends — teammates never called him to party, he says, wrongly assuming that he was "too big" to socialize — and now, "I don't have no friends. I don't want no friends. That's how I feel."

His agent, Drew Rosenhaus, called when he found out Owens had taken huge finiancial losses.

"When Drew heard about what had happened with my money, he said, 'Oh man, is there anything I can do?' " Owens told GQ. "And I said, 'Dude, are you going to give me my money back? I don't think so, so why bother trying to appease me?' " (Rosenhaus' response: "In my opinion, the conversation did not go down that way." )

Now T.O. is left with barely anything in the bank, plenty of Bills -- including child support payments to four women that total $44,600 a month -- and until he signed with the Wranglers, no discernible income.

"Now I’m even hungrier to get back on top and do the things I think the way I should have been doing it," he told ESPN Radio. "I’ve had some people who have supposedly been in my corner that have my bests interests in heart and I’ve come to find out that’s not what happened. Again I will reiterate it is partially my fault because I wasn’t doing my due diligence to be on top of my own finances and it’s a sad situation.”

And that brings us back to the Wranglers. T.O. will make his debut in 11 days.

"…I’m using this as a platform really to keep myself in shape. The business side of it too is something that intrigued me, being a co-owner with the team, so again this is me transitioning into life after football. That’s the business side of it, obviously football doesn’t last forever and I feel I’m physically fit and can play at a productive level to where I can play a couple more years in the National Football League and that’s what I’m pushing for," he said. 

"Other than that I’m not going to give up hope just because somebody says that I’m 38 and I just had a knee injury. Injuries are part of the game. I think everybody knows my track record … I work out hard, I’m going to do whatever I can to get back on the field and get back to 100 percent and I’m doing that.”

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Comments

Since: Jul 19, 2007
Posted on: February 15, 2012 12:38 pm
 

T.O., nearly broke, doesn't want your pity

couldn't have happened to a more deserving person...go flush yourself T.O., you big turd...



Since: Aug 1, 2009
Posted on: February 15, 2012 12:24 pm
 

T.O., nearly broke, doesn't want your pity

i just do not see how you could trust someone else with all your money. makes no sense. and how the hell do you blow it all, even
if you only made 1 mil a year for each year of his career plus endorsements....just does not add up. 



Since: Dec 19, 2011
Posted on: February 15, 2012 12:05 pm
 

T.O., nearly broke, doesn't want your pity

How's it feel T.O to screw people..you obvious led the parade on that. And for crying over Romo being your QB where's he now ? maybe he'll lend you a few bucks. Obviously you brought this on your behalf and have been a disgrace to the NFL but wait do you still have your sharpie.. My suggestion sit in front of the .99 cent store and see what you can get for your autograph ...Enjoy your popcorn.



Since: Dec 22, 2011
Posted on: February 15, 2012 11:36 am
 

T.O., nearly broke, doesn't want your pity

He most certainly wants our pity or he wouldnt talk about it. How would we really know if he was totally broke?



Since: Jul 12, 2011
Posted on: February 15, 2012 10:14 am
 

T.O., nearly broke, doesn't want your pity

Maybe he can do a dance in the end zone, somebody might give him some penny.



Since: Aug 24, 2009
Posted on: February 15, 2012 9:56 am
 

T.O., nearly broke, doesn't want your pity

Don't worry you won't.



Since: Dec 18, 2007
Posted on: February 15, 2012 9:19 am
 

T.O., nearly broke, doesn't want your pity

M.C. Hammer is the leader in the clubhouse.  He lost 400mm and didn't even know it until all his credit was shut off.  These guys are basically idiots.



Since: Jan 6, 2012
Posted on: February 15, 2012 9:03 am
 

T.O., nearly broke, doesn't want your pity

All he has to do is sell his bling and he'll be back in the money. He and Moss need to have a pity party together up in a cave in Tora Bora. May as well take Irsay up there to the cave.



Since: Nov 10, 2010
Posted on: February 15, 2012 7:41 am
 

T.O., nearly broke, doesn't want your pity

Who would feel sorry for this Brick?
My concern is he is going to loose his voice.  If that happens, he looses the NFL's BIG DIVA contest and that's bad because I'm betting on TO being the BIG DIVA in 2012.  He'll have stiff competition.  Randy Moss is in the picture.  So is Lousy Stinko from the Pats.  And Braylon 'hands of stone' Edwards is always in the hunt.


I keep saying these guts should form a quartet and go on tour.  They win.  The NFL wins.  Fans would be thrilled to get them out of the league.


Maybe they could be the warm up for Madonna.  Four underachieving, end of career DIVAs warming up for a singer in a black mini with matching boots old enough to collect social security.  Very fitting for all (except Madonna who is still HOT; the others are NOT).     &nbs
p; 



Since: Sep 5, 2009
Posted on: February 15, 2012 7:16 am
 

T.O., nearly broke, doesn't want your pity

    Having a jerk-off like Rosenhaus as his agent was his first mistake.  Being an ass and burning bridges at every stop he made (with exceptions the las 2 years in Cincy and Buffalo) was his second.  Going around making babies with different women was his 3rd.  It seems like Terrell is finally seeing the light and realizing that one reaps what one sows.  Unfortunately, he is past his prime, coming off an injury, and soon to be 39 years old.  Looks like more dumb reality shows in the future for T.O. and Ocho.


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