I don't think he's the cancer that so many here say he is.
Don't take our word for it. Take the word of the entire NFL. How many teams have significant cap room right now?And how many rushed out to offer him a deal? Kansas City said no thanks, period. They didn't even wanna talk to him. Denver? Talking a one year deal, incentive-laden. Chicago? They could use a receiver. No call. Pats? Same thing.
And while I understand why Terrell might've thought he signed a below market deal, here's PFT's take on what he finally got with his freedom:
Given that he was operating in a one-team market for a multi-year deal, Owens and his agent, Drew Rosenhaus, finagled a respectable package, in light of Owens' considerable baggage. The numbers as we hear them are $5 million to sign, a $5 million salary in 2006, a $3 million roster bonus in 2007, a $5 million salary in 2007, a $3 million roster bonus in 2008, and a $4 million salary in 2008.
As one league insider told us, "It's three one-year deals." And we agree.
The Cowboys can cut the cord after each of the first two seasons and suffer a relatively modest cap hit. If released before his 2007 roster bonus comes due (and assuming it comes due before June 1), the cap hit will be $3.33 million. If cut after 2007, the cap his will be only $1.66 million.
Heck, if for some reason the Tuna and the Turd don't mesh during training camp, the Cowboys can cut Owens after June 1 but before the start of the 2006 season and carry only a $1.67 million cap charge in 2006, pushing the balance of the cap hit due to the signing bonus (i.e., $3.33 million) into 2007.
So before the media begins gushing about the manner in which Owens' three-year contract compares to the first three years of contracts paid to receivers Randy Moss and Marvin Harrison, the key fact to remember is that the magnitude of their signing bonuses made the money payable in the first three seasons virtually guaranteed, since the cap hit resulting from the eight-figure signing bonuses hauled in by Moss and Harrison would have been crippling.
Judging the contract by the amount of guaranteed money, it's average at best.
Owens gets $5 million to sign, identical to the amounts paid to guys like Antwaan Randle El and Antonio Bryant. David Givens received an $8 million signing bonus in Tennessee, and Reggie Wayne hauled in a whopping $12.5 million bonus in Indy.
Finally, we'd be remiss if we were to assess T.O.'s new deal without comparing it to the contract that he already had in Philly.
Due to his misconduct, he blew $7.5 million in bonus money that would have been earned this month, $810,000 in 2006 salary, $1.8 million (we're told) in deferred signing bonus money that the team withheld due to his four-game suspension, and roughly $800,000 in lost salary as a result of said suspension.
So if being $900,000 in the hole as compared to where he would have been is considered a good deal, then it was a good deal.