Terrell Owens was fired by the Allen (Texas) Wranglers of the Indoor Football League on Tuesday.

But that's not all.

The severance package for his 50% ownership stake in the team? Try $50, according to TMZ, which also reports that T.O. is being evicted from the house the Wranglers provided him while being forced to turn in the keys of his loaner Jeep Cherokee.

Wranglers owner Jon Frankel issued this statement Tuesday:

"Our fans are amongst the best in the league and it is impossible to maintain a player when even our fans notice and comment on a player's lack of effort both on and off the field. We need to do what is best for this team, our fans and this community."

Owens didn't plan to play in some upcoming road games and missed a recent charity event with the team, and that seemed to spark its move to cut him amid disagreements over his contractual obligations.

It sounds like T.O.'s next move could be a wrongful termination suit.