Stories like this are a dime a dozen, which is why I’m giving you two in one day.
If you wondered why a future Pro Football Hall of Famer would sign on as a player and part owner with the Allen Wranglers, a team in an indoor league you never heard of, GQ’s interview with Terrell Owens may shed some light.
In the magazine’s February issue, the former former Dallas Cowboy (and former San Francisco 49er and former Philadelphia Eagle and former Buffalo Bill and former Cincinnati Bengal) tells writer Nancy Hass that nearly all of the money he made in the National Football League is gone.
That’s an estimated $80 million over a stellar if tempestuous 15-year career.
Owens blames bad investments, especially in real estate; and bad advice from professionals he trusted, including his longtime agent, Drew Rosenhaus.
“I hate myself for letting this happen,” he says. “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.”
Then, too, there’s the child support — $44,600 a month, or more than $535,000 a year — that he’s required to pay to four women (none of whom he ever married or even dated steadily) who are raising his four children (one of whom he has never met).
He claims that he still hopes to play again in the NFL — at 38, coming back from a knee injury, and carrying a reputation as a loudmouthed diva who’s worn out his welcome everywhere he’s been.
“I will be here next year,” he says. “I’ll be fit and healthy and ready to play.”
Former NBA All-Star Vin Baker isn’t doing any better.
Vin Baker’s nickname might as well be “cautionary tale.”
After making four All-Star games and earning more than $97 million during a 13-year NBA career, it’s been nothing but financial hardship since his retirement in 2006.
Baker has owed more than a million dollars in back taxes to Connecticut, according to NBCConnecticut.com, he’s had foreclosures on multiple properties, according to CNBC.com, and now he’s reportedly suing his long-time financial adviser for allegedly squandering his fortune.
These two clowns made $177 million combined and are now both beyond the value of all their assets.
On the other hand, the kind of money our government wastes on welfare to irresponsible people like this makes Owens and Baker look like misers.