Wranglers reportedly bought out Terrell Owens’ ownership stake for $50

The more information that comes out, the more we realize the Allen Wranglers must really dislike Terrell Owens. Similar to what happened toward the end of Owens’ career with a number of NFL teams, it sounds like the receiver quickly wore out his welcome with the Indoor Football League. The Wranglers may have released T.O. earlier this week and demanded he give back the 2012 Jeep Grand Cherokee that they provided him with, but at least they had the decency to buy back his ownership stake in the company — for $50.

As TMZ.com pointed out, T.O. had a 50 percent stake in the company. The Wranglers are no Pittsburgh Steelers, but I’m guessing the team is worth more than $100. In all likelihood, the incredibly insulting “buyout” is another way for the Wranglers to show that they believe T.O. violated his contract by skipping two road games and missing a charity event.

As we told you on Tuesday, Owens’ lawyers are looking into details of the release. T.O.’s initial contract with the team stated that he was only required to play in home games and that visiting teams were responsible for compensating him for road games. Unless there is more than meets the eye, Owens could have a legitimate case for wrongful termination. If nothing else, the $50 check simply reinforces how much the Wranglers grew to dislike T.O.