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Terrell Owens Nearly Broke...But It's Not His Fault

Discussion in 'Football: NFL, College, High School' started by Lil Pun, Jan 25, 2012.

  1. Lil Pun

    Lil Pun Contributing Member

    Oct 6, 1999
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    Terrell Owens has always been an island of sorts. His brash personality and self-absorption routinely alienated his teammates during an NFL career that teetered between terrific and toxic, leaving him to fend for himself.

    Now, at 38 and out of football, he's lonelier than ever, and running out of money. In a GQ profile, Owens comes across as wounded, broke and desperate. When people text him to ask where he is, he replies back: "I'm in hell."

    But is it his own fault? That's the perennial debate on T.O., who had a heartbreaking childhood but continually pointed fingers at everyone but himself once he became an adult.

    In the GQ story by Nancy Hass, Owens blames the media for not giving him a chance to rehab his injury, blames agent Drew Rosenhaus for not protecting him from a bad business arrangement, and -- perhaps most surprisingly -- blames a former team captain for his issues with former Philadelphia teammate Donovan McNabb.

    Owens earned around $80 million during his NFL career, but has found himself in deep financial trouble, despite never spending lavishly. In the February edition of GQ, Owens admits to trusting the wrong people, who in turn cost him a lot of his fortune.
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    "It's not a matter of having lived too large -- he was never the type to stockpile Ferraris or build himself a compound; the flashiest car he ever drove was a Mercedes, and while he indeed racked up a few homes that cost as much as $4 million, the only crib he classifies as even mildly sick by pro-ball standards was the one he bought in Atlanta to live in during the Philly off-season.

    The problem, he says, is that he's by nature too trusting, loyal to a fault, despite everyone's carping that he's selfish. It's the sad old stereotypical song of the up-from-nothing black athlete: He let other people take care of things."

    Owens said financial advisers recommended by Rosenhaus lost much of his money in highly leveraged ventures, then houses and apartments he thought he could rent out in a worst case scenario became dead weight in a housing market collapse (none of the properties is particularly excessive, but total a yearly mortgage of about $750,000), and $2 million was lost in an Alabama entertainment complex investment. That venture turned out to be illegal, and also claimed former Redskins running back Clinton Portis as a victim.

    "I hate myself for letting this happen," Owens told GQ. "I believed that they had my back when they said, 'You take care of the football, and we'll do the rest.' And in the end, they just basically stole from me."

    Owens has also found himself friendless, thanks to a growing sense of distrust thanks to his many unfortunate dealings.

    He 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."

    And on top of that, he's battling in court with four women to whom he pays a total of $44,600 a month in child support for his four children, ages 5 to 12.

    "If there's anything I'm sorry about, it's getting involved with all that." He never actually dated any of the women, he says. One was a one-night stand, the others "repeat offenders." Owens, who has never been married, concedes he is "not a very good judge of character." Still, he "never suspected they were the types to do what they done in the past year."

    When money became tighter, Owens had to reduce the amount he paid to each of the women, and three of them sued him. A warrant was issued for his arrest when he didn't show up for a court date with the mother of his oldest child, Tariq. Beyond that, the relationship he's maintained with the mothers and his children is tenuous, at best.

    Now he is in court with all four women, whom he lumps together like one big bloodsucking blob. None of them are being fair, he says: "They know I'm not working; they know the deal." Although he never established regular visitation with any of the children through the courts, he says he sees the eldest three as much as he can when their mothers allow it. So bitter is his relationship with the mother of the youngest child, a son, that he has never met the boy.

    As for McNabb, Owens stands by his decision not to mend fences with the former Eagles quarterback, whom Owens characterized as "tired" following the Eagles' 24-21 loss to New England in Super Bowl XXXIX in 2005.

    When given an apology written by the team's media relations staff, Owens claims to have handed Eagles' captain Jeremiah Trotter the mea culpa moments before he was to deliver it to reporters.

    Owens tells GQ Trotter read through the statement and arrived at the portion regarding McNabb, who threw for 357 yards, but was picked off three times. Owens claims Trotter ripped off the bottom portion of the page and told Owens he didn't owe McNabb a thing.

    "This is the team leader we're talking about," Owens tells GQ. "He told me not to do it."

    Trotter calls Owens' account inaccurate, telling the magazine he was the one insisting Owens apologize.

    Once again, T.O. stands alone.

    Owens' career is defined as much by its theatrics than for its statistical body of work. His playing days ended last spring after his one-year, $2 million contract was not renewed by the Cincinnati, where Owens and Chad Ochocinco collectively proved to be more style than substance.

    Owens has clearly moved on.

    Some decisions, he admits, may have been handled differently now. But at this point of his life, he's not willing to look back.

    "To say I regret anything would be a slap to my grandmother's face," Owens says, referring to the woman who raised him.

    He concedes his only mistake in calling McNabb out was one of timing, admitting "I might not have said or done things at exactly the right moment."

    To this day, Owens remains confident bordering on cocksure, convinced -- even with a medically repaired ACL -- that he is capable of the jaw-dropping playmaking ability of his youth. It's not his talent that keeps teams from calling, he insists, but instead a reputation cast onto him by the reporters he often held hostage.

    "I think people change, but the media, they never allowed me to change," Owens says. "They never allowed me to be a better person."

    Described in the GQ piece as a "caged cat" living in a spacious 1,800-square foot Los Angeles apartment, Owens remains on an island. He claims to be broke despite making at least $80 million during his playing days.

    He says he's never been diagnosed as clinically depressed but he's been "real down."

    "I don't have no friends -- I don't want no friends," Owens says. "That's how I feel."

    You can read the rest of the interview on GQ.com
  2. DonnyMost

    DonnyMost not wrong
    Supporting Member

    May 18, 2003
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    Typical story.

    REEKO_HTOWN I'm Rich Biiiiaaatch!

    Jun 26, 2008
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  4. Baqui99

    Baqui99 Contributing Member

    Jul 11, 2000
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    TO is a worthless human being. Another GQ interview that tries to add a human touch to a guy that's been a primadonna locker room cancer throughout his career.
  5. emjohn

    emjohn Contributing Member

    Jul 29, 2002
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    Professional Athlete Financial Planning 101: Wearing Rubbers
  6. solid

    solid Contributing Member

    Apr 10, 2001
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    Somebody who has earned the kind of money he has earned and blown the opportunities he has, while being an arrogant turd along the way, won't get much sympathy.
  7. nguyen3706

    nguyen3706 Member

    Oct 30, 2008
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  8. BigSherv

    BigSherv Contributing Member

    Jun 1, 2002
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    I can't speak about the kid thing but it sucks to put your trust in yoru agent and he does you dirty.

    In the end though you choose your agent. So it is on him.

    I mean he has to be better than Derrick Mason. Someone has to give him a shot.
  9. McNultyisDrunk

    McNultyisDrunk Contributing Member

    Jan 7, 2010
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    This +10000000

    But since they apparently never wear them:
    If I was a famous athlete or entertainer, I'd get a vasectomy to avoid the baby mama drama.

    Plus you always know when you've been cheated on:
  10. br0ken_shad0w

    br0ken_shad0w Member

    Jun 11, 2006
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    It's going to suck for Antonio Cromartie once his money starts to run dry.
  11. A_3PO

    A_3PO Member

    Apr 29, 2006
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    That is a very sad story, but I don't have one ounce of sympathy for the guy.
  12. bobrek

    bobrek Politics belong in the D & D

    Sep 16, 1999
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    It's pretty simple, when you have that amount of money, you set aside percentages for extremely safe investments, higher risk investments and very high risk investments (if your goal is to make tons more money and don't care if you lose all of this 'bucket'). Why some of these guys continually go with high-risk investments and little else is beyond me.
  13. ferrari77

    ferrari77 Contributing Member

    Jun 15, 2006
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    Because most of them aren't sorting out their investments, they leave it in the hands of the agent and the financial planner. (Only a few stay on top of their investments, i.e Shaq and Ray Allen come to mind in terms of superstars).

    Drew has a reputation on the low for this amongst other agents but not many fans hear about it. A number of his clients end up going broke/filing for bankruptcy after their career wanes out. Drew makes his bad with financial planners that one wouldn't real describe as being anything special(at best) and a bit shady(at worst).

    When most fans hear NFL agents express distaste for and annoyance with Rosenhaus, the fans reactions seem to be "You're just jealous cos he's doing such a great job for his clients so your clients switch over to him". This is one of the reasons for that. The other NFL agents know what Rosenhaus gets up to and these are the kind of shenanigans that happen under his watch.

    Sucks for T.O but whatever, next time he can advise youngster's like Dez Bryant(a recent Rosenhaus recruit) to stay on top of their agent and their investments.
  14. Cohete Rojo

    Cohete Rojo Contributing Member

    Oct 29, 2009
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    Exactly. You would figure that after being in college and studying kineseology or sports science management for 4 or 5 years that these guys would have a better handle on their finances. Honestly, I can think of one word that sums up professional athelete financial troubles: dedication.

    These guys are professional athletes that spend the year training and participating in sport contests. They do not have the time (or sometimes effort) to learn about the type of investments they are putting their money into. Apartment complexes? What qualifies T.O. to manage an apartment complex? The fact that he has millions of dollars?

    That being said, I won't lose any sleep over T.O.'s situation, because if it looks broke, smells broke, then it's probably broke.
  15. Fyreball

    Fyreball Contributing Member

    Apr 8, 2009
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    Seriously, after the first child, you'd think he'd have the good sense to insist on a condom. If the girl says no, then you can always leave. Nobody forced him into having sex with those women. Something tells me if he had even half the money from his child support still in his pocket, this article wouldn't be written.
  16. YallMean

    YallMean Member

    Mar 20, 2003
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    So he took home 1/2 of the $80 mil, which is $40 mil. He can't just blame the people he blindly trusted even though I am sure he has every right to do so.
    Savings in the bank or long term investment options, these are just basic financial ideas. Too careless with the money.
  17. DieHard Rocket

    DieHard Rocket Contributing Member

    Sep 9, 2000
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  18. Rocketman95

    Rocketman95 Hangout Boy

    Feb 15, 1999
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    That's cause he's a muthereffin' Southwest Texas State Bobcat!!!
    1 person likes this.
  19. Asian Sensation

    Oct 29, 1999
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    2 people like this.
  20. Mr. Brightside

    Mr. Brightside Contributing Member

    Mar 27, 2005
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    Poor guy. He has always been one of my favorite NFL players. The passion and dedication he shows out there is unrivaled.

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