TO’s Money Troubles Worsen With Foreclosures, Child Support
A few weeks ago, I brought you an interview with former NFL superstar Terrell Owens and his financial woes. Well, things haven’t improved for the former Eagles/Bengals/Cowboys quarterback.
About 2 weeks ago, two of Owens’ houses in Dallas, Texas went into foreclosure. The asking price for both houses are reportedly in the $250,000 range, and at least one of them has already sold. If that’s not bad enough, one of Owens’ 4 “baby mamas” is threatening to take him to court for missing child support payments. If this does go to court, Owens could face a large fine or jail time for missing his payments.
There is one (faint) bright spot, however: Owens is playing football again, but not with the NFL. He has signed on with the Allen Wranglers of the Indoor Football League, (IFL) a far cry from the NFL spectacles he’s used to, I’m sure. He can reportedly make up to 500,000 with the IFL, but it’s nowhere near enough to lessen his financial load.
Owens is certainly not the first big-name player with severe money management issues, and he won’t be the last either. But I don’t think all of the blame lies with the players themselves. A lot of them don’t know how to manage that kind of absurd amount of money, nobody bothered teaching them how to manage it, and I doubt they’ll go out and learn how to do it themselves. I wonder if the NFL could maybe get some financial advisers to help these kids learn how NOT to end up like Owens…