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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: Apr 18, 2009
Posted on: February 17, 2012 1:59 pm
 

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

No the name is T-Owe-ins. Or Terrell O-Mo-Sink-o.



Since: Sep 20, 2006
Posted on: February 17, 2012 12:52 pm
 

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

PITY PARTY!!!!  EVERYONE!!  COME SEE!  ignorant jocks don't know how to spend their own money and trust others to hold it for them!  you butt, you made MILLIONS and squandered it.  primadonna... if you'd just ate a PB&J sandwich instead of ordering the filet with crabmeat, four lobster tails and a bottle of CRYSTAL you might have been alright.  you're not getting an ounce of pity here.  not you or any other professional athlete that thinks they deserve "more"  you have the world in your hand, and you play this game at a risk that you obviously comprehend.  perhaps you should think ahead instead of living day to day on a paycheck that could feed all the homeless people in new york for a lifetime.  you are DETESTABLE.



Since: Sep 16, 2007
Posted on: February 17, 2012 10:07 am
 

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

No need to feel bad for TO. He can now put his free college education to work.



Since: Aug 30, 2011
Posted on: February 16, 2012 5:26 pm
 

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

Who's hatin on Moss?  If he's broke, he doesn't want anybody to know it.  Just last week he said that outside of his NASCAR team, he saved all of his money.



Since: Sep 5, 2008
Posted on: February 16, 2012 4:11 pm
 

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

What about all the money he made doing that stupid TV show with 85?  Surely he got paid for it, and if he got the $200,000+ back from the bank there's no sense in mentioning it here.  Sorry to say it ladies and judges, but no 4 kids alive should get $44,000 per MONTH child support.  Maybe some of these jerks in the game today will learn something from a jerk from yesterday and properly invest and stay on top of their money situations so we the public who won't make a million in a lifetime don't have to read and hear about these loosers any more.



Since: Feb 21, 2011
Posted on: February 16, 2012 2:39 pm
 

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

nice!!!



Since: Feb 19, 2011
Posted on: February 16, 2012 11:07 am
 

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

Same story, just a different Pro player, when will these athletes learn? I love the Dallas Cowboys, but a player named Dez Bryant comes to mind.



Since: Dec 27, 2010
Posted on: February 15, 2012 5:33 pm
 

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

Just like Randy Moss said, "Karma is a bitch". A story told thousands of times in pro sports.  



Since: Nov 16, 2011
Posted on: February 15, 2012 4:12 pm
 

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

You idiots that live on these blogs hating on T.O. and Moss are LOSERS and needs to Get A LIFE



Since: Sep 5, 2009
Posted on: February 15, 2012 1:17 pm
 

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

     So is his new nickname T-owe?


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