Terrell Owens Pays $40K A Month In Child Support, Claims Current Income Is $0

Former NFL wideout, Terrell Owens is having money issues. I’m going to take his situation and turn it into a teaching moment for anyone who believes that brokering their eggs for child support payments is a lifetime lottery ticket.

T.O. is currently seeking a reduction in child support payments for 3 of his 4 kids. TMZ (of course) has the breakdown:

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.

Can I point out a few things here:

1. Take note that with each kid, the amount of the payments got lower. So if you’re Baby’s mama 2B you’re already starting out behind.

2. I don’t know how many homes are in the “all” category but again he has homes in foreclosure and he’s selling off the others just to generate income. At this point, you’re earning capacity is probably exceeding T.O.’s

3. All of this is public fodder.

The end of an athlete’s career who didn’t formulate an exit strategy is a sad thing. Child support isn’t taxed, nor is it considered income. I sincerely hope that the mothers put their children first and set up trusts, college funds etc. $20,000 a month for 11 years is $2.6 Mil, if you as a mother squandered that away and your child isn’t protected, it says a lot.

 

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About Jill Munroe

Sports Culture Analyst Stiletto Jill is from LA, with a background in marketing, PR, and business development. Jill’s resume includes stints at Nike, Sony Pictures Entertainment and Virgin Records.
Jill is a frequent guest on ESPN Radio and Yahoo Sports Radio, and is also a media partner for YardBarker, FoxSports.com and MSN.com

  • Big Willy Style

    Gettin’ jiggy wit it!

  • USA

    20k a month,. really what kind of judge gives that money away. people survive jsut fine with 1k a month. that is ridiculous. f that liberal judge up his ass.

  • http://YARDBARKER Sandra

    I THINK THE MEDIA SHOULD REALLY BACK UP OFF ON TO PERSONAL CHALLENGE! HE’S IN TRANSITION WITH HIS LIFE. WHAT’S THE SAYING KICK A DOG WHEN HE’S ALREADY DOWN. FOR THE SAME PEOPLE DIGGING INTO HIS STUFF PROBABLY HAVE BAGGAGE OF THEIR OWN! YOU ASKED FOR REPLIES WELL THIS IS MINE!

  • Jill

    He is in transition and a lot of what’s going on with him is sad. But there are some steps he could’ve taken to avoid some of these situations. Nobody is being insensitive to him.

  • Jill

    Child support is based off of the father’s salary so that a child can be afforded the same lifestyle as a parent. This concept isn’t new. Terrell knew that could happen. And after he had baby #1 with a woman he had no intent on marrying, he does the same 3 more times. How is he a victim here? Condoms, birth control etc all were available to him and he choose not to. No sympathy

  • Bayou Classic

    Well said Jill! 4 different baby mama’s is nothing to brag about. Its sad.

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  • Cowboy dre

    He Should do Like the Nba Players and Just tell the judge he wants his kids and can provide a better home for them. Keep all of his assets and him and his kids kick it. oh and pay the nanny.