Post by Gene on Jan 28, 2012 19:06:56 GMT -5
Cover 2’s all-time favorite wide receiver, needless to say Terrell Owens, is currently facing “financial disaster” according to GQ Magazine.
Hey — we said he was our fave, not the best, the smartest or the most frugal.
Owens is being swamped by the gigantic mortgage payments — as much as three-quarters of a million dollars per year — on the multitude of homes he bought prior to the housing crisis.
The former Eagle bought most of the homes at inflated prices and they are no longer worth what he paid just a few years ago. He is currently paying as much as $750,000 per year in mortgages, a total that is getting continually harder to manage without an NFL paycheck.
To make things worse, Owens is also responsible for $44,600 a month in child support for four children with four different women, according to GQ.
Owens told the magazine he has squandered most of the roughly $80 million he earned over the course of his NFL career. The 38-year-old recently signed with the Allen Rangers in the Indoor League, where he plans to play and also become the co-owner of the Texas team.
During his NFL career Owens was a six-time Pro Bowler, a five-time First-Team All-Pro, and is likely to be looked at for the Hall of Fame. He had 1,078 receptions, earned 15,934 receiving yards, and scored 153 touch downs.
www.philly.com/philly/sports/eagles/138010398.html
Hey — we said he was our fave, not the best, the smartest or the most frugal.
Owens is being swamped by the gigantic mortgage payments — as much as three-quarters of a million dollars per year — on the multitude of homes he bought prior to the housing crisis.
The former Eagle bought most of the homes at inflated prices and they are no longer worth what he paid just a few years ago. He is currently paying as much as $750,000 per year in mortgages, a total that is getting continually harder to manage without an NFL paycheck.
To make things worse, Owens is also responsible for $44,600 a month in child support for four children with four different women, according to GQ.
Owens told the magazine he has squandered most of the roughly $80 million he earned over the course of his NFL career. The 38-year-old recently signed with the Allen Rangers in the Indoor League, where he plans to play and also become the co-owner of the Texas team.
During his NFL career Owens was a six-time Pro Bowler, a five-time First-Team All-Pro, and is likely to be looked at for the Hall of Fame. He had 1,078 receptions, earned 15,934 receiving yards, and scored 153 touch downs.
www.philly.com/philly/sports/eagles/138010398.html
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