National Football League

Report: Owens takes hit in Dallas condo sale

Published Dec. 11, 2011 12:00 a.m. ET

foxsports

Cash-strapped former NFL wide receiver Terrell Owens lost at least $350,000 in a quick sale of his Dallas condo, TMZ reported Sunday.

Owens, 37, accepted $1.6 million last month, three years after he paid $1.95 million for the property. He also reportedly spent $100,000 on home improvements.

The six-time Pro Bowler took the hefty financial hit to avoid foreclosure.

Owens, who is still without a team, has been desperate to offload his real estate in a bid to cover his sizable debts.

He also reportedly lost $56,000 selling off a separate property last month.

Owens held a televised workout in California in October, hoping to convince an NFL team to sign him after suffering an offseason knee injury.

But the exercise failed and it later emerged he missed a court date regarding child support payments because of the well-publicized session, only adding to his off-field problems.

Owens has played for five teams in 15 seasons. He amassed 983 yards and nine touchdowns for the Cincinnati Bengals last season, moving into second on the all-time receiving yards list behind Jerry Rice at 15,934.