It is hard to feel sorry for T.O.
Having one kid with a woman you have no plans on being with is a mistake, having four is a trend. Secondly, Owens just in NFL salaries has collected well over $50 million dollars.
That isn’t counting endorsements, appearances and television roles.
There is no way he should be broke, but according to these child support documents he isn’t doing very well financially. TMZ breaks it down.
Terrell Owens’ financial situation is so dire, he filed papers in three separate child support cases to have his payments lowered … because he makes ZERO DOLLARS … this according to court docs obtained by TMZ.
Baby Mama #1, Monique Reynolds
T.O. and Monique have an 11-year-old son together. According to the papers, he paid $20,000/month in support until last year, when it was reduced to $11,202. He also gave her $100,000 to buy a house.
Baby Mama #2, Kimberly Floyd
They share a 7-year-old daughter, for whom TO was ordered to pay $20,000/month for back in 2005. In 2008, they agreed to drop that to $15,000.
Baby Mama #3, Samelia Miller
Miller gave birth to a son back in 2006. He was ordered to pay $13,400/month in support.
Baby Mama #4, Melanie Paige Smith
T.O. was ordered to pay $5,000/month for their daughter back in 2007. This is the only case where T.O. has not yet requested a reduction … though his rep says he plans to ask for a modification.
In each of the cases where T.O. is requesting a reduction in child support payments, he says in his declaration, “My currently monthly income is zero ($0).”
In the papers, T.O. also claims to pay $62,366/month for various properties and says his home in Georgia is in foreclosure. He says he put all but two of his homes up for sale.
Before I get back to T.O., I must say something has to be done about the Child Support laws in our country. Having a child by an athlete or entertainer shouldn’t be seen as an instant paycheck. The $5000 a month that Melanie Paige Smith was receiving at the height of Owens’ prime isn’t that unreasonable.
But the $20k Monique Reynolds was getting with the $100k house is ridiculously. You don’t need almost a quarter of a million dollars to raise a kid especially when Ms. Reynolds has never caught a pass in her life.
Are we talking Child Support or Baby Mama support? Because it is two different things.
The rules should be that to receive child support the mother is actively seeking employment not “living” off the child support. Monthly they should have to submit an expense report on the things they have purchased to take care of their child. Every six months the amount should be reviewed and audits should be done on the mother’s spending.
Trust me a lot of women are using child support money for trips to Vegas and gifts on their new man. Our government needs to clean that up.
Back to Owens.
SMARTEN UP NAS….
He has made some awful financial decisions and it is now catching up to him. I doubt that he isn’t making any money, I still see him on TV, but I am pretty confident he doesn’t have the ability to pay over half million in child support over twelve months when he can’t stop any of his own houses from going into foreclosures.
I hope young athletes (Dez Bryant yeah I am talking to you) see what happened to Owens and use it as a learning tool, you can’t ball forever start planning for retirement right now.
Oh one last thing, almost remember……………..
BOX OF CONDOMS $8 >>>> 25% OF YOUR GROSS INCOME FOR 18 YEARS
