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Tuesday, May 17, 2011

Charlie Sheen Borrows $10 Mil From Warner Bros

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Charlie Sheen -- who scored the biggest paycheck in TV before getting the boot -- had to borrow a huge amount of money from Warner Bros. during his last season on "Two and a Half Men." Charlie's contract for Season 7 (2010 - 2011).  The document -- dated May 17, 2010 -- requires Warner Bros. to pay Charlie $10 million within 10 days of the date Charlie signed.  Charlie was then obligated to pay the money back during the first 13 episodes.

To repay the loan, Sheen -- who was getting a base pay of $1.25 million a show -- had $769,230.77 deducted from each paycheck for the first 13 episodes.   But then there's this pesky issue of interest.  Under the deal, the interest -- calculated at the prime commercial rate -- would be deducted from the 14th paycheck.

Charlie was fired after the 16th episode, so Warner Bros. got its $$$ back.

As for why Charlie needed the money ... unclear.  With his profit participation, Charlie was raking in more than $2 million an episode, but it seems he was still burning a hole in his pocket.www.mannamart.com

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