It doesn’t seem so long ago that former superstar NFL wide receiver Terrell Owens and his agent Drew Rosenhaus were two of the most recognizable figures in sports. They were a perfect match for one another. When Owens, possibly the flashiest wideout in league history, was paired with Rosenhaus, the most outspoken agent of our time, reporters drooled over soundbites.
However, those days are long gone. Owens fired Rosenhaus in June 2012 and is now suing his former agent and his brother Jason for breach of fiduciary duty, fraud, and negligence to the tune of $6.5 million in damages. The lawsuit’s roots date back to the Rosenhaus brothers introducing Owens to financial adviser Jeff Rubin, now banned. Owens claims that Rubin ended up losing $5 million of his cash in addition to $1.5 million through earning potential.
“Terrell trusted [Drew] Rosenhaus when he recommended that Terrell hire Rubin as his financial adviser,” Owens’ attorneys, Curtis Carlson and Chase Carlson, said in a statement to Yahoo.
“It is completely ridiculous that Rosenhaus would refer a five-time Pro Bowler to a financial advisor who has been accused of stealing from his clients in the past, whose college degree was in Exercise Science, and who was inexperienced. Rosenhaus should have steered Terrell away from Rubin, not toward him.”
It’s a sad way for such an entertaining relationship to end. Remember the good old days when Owens held his own press conference while doing sit-ups in his driveway? Or the time Rosenhaus defended his client with the now-famous “next question?”
Now, time has caught up with both Owens and Rosenhaus. Owens, who still hasn’t officially retired, hasn’t played in the NFL since 2010. He’s still holding out hope that he can catch on with a team at some point this season. Barring a wide receiver apocalypse, the odds on that happening aren’t good.
Meanwhile, Rosenhaus has been under investigation about his ties with Rubin for some time. An investigation in June of 2012 by the NFLPA indicated that as many as 26 NFL players were connected to both Rosenhaus and Rubin and that those players may have lost as much as $43.6 million in their ventures.
So, the line in the sand has been drawn. At this point, all we can hope for is some more hall of fame soundbites from the most famous player-agent combo the NFL has ever seen.