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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: Jun 29, 2011
Posted on: February 15, 2012 4:02 am
 

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

"child support payments to four women that total $44,600 a month", Why would anyone pity this selfish slime who made a point out of not caring for anything but himself. In my opinion he deserves to reap the whirlwind and he hasn't suffered at all yet. The best thing that could happen is that absolutley no one writes another article about him, gives hm an interview or lets him play in the NFL. The sad part of this whole thing is that trash like him get so much attention in the first place and the only thing more rotten than this guy is ESPN who hype these rotten excuses for human beings.



Since: Dec 20, 2009
Posted on: February 15, 2012 3:48 am
 

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

45 thousand a month in child support payments to 4 different baby mommas??? Holy cow.

I never knew T.O. was such a hound dog.  That is over a half a million a year in child support alone.  Dang.

I am a big T. O. fan, but man, he dug himself a hole with them hoes.    



Since: Jul 14, 2007
Posted on: February 15, 2012 1:53 am
 

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

the Posse of leeches, pretended to be friends, tell him what he needed to hear to massage his ego, 
THE Unfortunate common factor in most of these sport rags to riches, back to rags,  sad stories.... 




Since: Aug 20, 2010
Posted on: February 15, 2012 1:22 am
 

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

Frickin hilarious, absolutely mystified how these guys can blow through that amount of money and not think of the future.  T.O. will have to adjust like all the 'common' folk in the country and live within his means.  For starters he can pawn the rocks on his ears, that should cover a couple of months of child support.



Since: Apr 27, 2008
Posted on: February 15, 2012 1:20 am
 

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

If football players were smart, they'd major in finance during their 2-4 years in college and not trust sharks to handle/gamble with their life savings (which most NFL players earn in their 5-7 year careers). TO's never playing in the NFL again, but I'm betting that we'll see TO sign w/ a CFL team. But 38 years old, injuries, bad attitude = a one year contract for about 1M, contingent on him playing a full season, only to sell jerseys. This is what happens when you spend money like an idiot for a decade. Welcome to the real world TO...



Since: Feb 22, 2010
Posted on: February 15, 2012 1:15 am
 

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

What goes around comes around and it's nice to see T.O. get his due.  No sympathy from me.  As much as you might hate where you work, even the stupidiest employees know you should bite your tongue and not burn bridges as the door is hitting you from behind.



Since: Jan 22, 2007
Posted on: February 15, 2012 1:13 am
This comment has been removed.

Post Deleted by Administrator




Since: Mar 24, 2009
Posted on: February 15, 2012 12:22 am
 

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

There are a lot of people in this country who are hurting financially because of the economy & I feel bad for them.But, it's pretty hard to feel sorry for anybody that hauled in $80 million &  blew it all in just a few years.



Since: Sep 10, 2008
Posted on: February 14, 2012 11:56 pm
 

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

ocho.. should not be on that list of dirtbags and scumbags!! maybe you dont like him,,,but have you ever read about him causing problems,,or disrespecting his wife??no!!!ocho is a great personality,,,but he causes no problems...andi s far from broke!!just sayin.



Since: Jan 2, 2012
Posted on: February 14, 2012 10:59 pm
 

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

T.O. doesn't want your pity... He wants your money!!! This story is truly pathetic.  Congrats, T.O.


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