I for some reason find myself more and more interested in the Terrell Owens siutation. So here's my take even though nobody asked me:
I don't think Terrell Owens is in a position to hold out even though I think other NFL players are righteous in holding out (ie Antonio Gates). Owens signed his ~$50 million deal last year after the Eagles tore up his old contract from the 49ers which they did not have to do. Owens was flat out asked if the contract was suitable for him by the Eagles to make sure he would be happy before he signed - he agreed it was fine. That was just last year. Now, because he has Drew Rosenhaus, he wants a new deal.
I think he may be slightly underpaid according to market value for a receiver of his abilities, but he is not grossly underpaid like Gates is. Also, if you look at the effects of the holdout, it's a lose-lose situation which he has instigated. The Eagles are obviously not budging and he is developing a horrible repoire. Even if the Eagles did trade him, his market value has taken a huge dent because of his actions. He has also turned off some fans with how he has handled them at Eagles camp.
The best recourse for Terrell Owens is to be statisfied with whatever guaranteed money he received and try to continue to earn his ~7m a year. He may not believe it inside, but he needs to admit for his involvement with his teammates and Eagles administration, coaching, and fans that he is sorry for the trouble he has caused. It won't help his ego, but it will sure make things a lot easier on him.

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...oh oh I forgot you got a person who is just a big of piece of garbage if not bigger, with half the talent...Meshawn...
