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Charlie Sheen

Borrows $10 Mil

from Warner Bros.

5/17/2011 5:30 AM PDT BY TMZ STAFF

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."

0215-charlie-twomen-logo-ex
TMZ has obtained 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.

On the bright side for Charlie, he was doing really well.  We got a copy of his original contract, and in Season 1, he made $160,000 an episode, and under the original deal he only got a 4% raise for additional seasons.  That contract was renegotiated after the show became successful.

177 COMMENTS

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31.

Melissa S    

I hope someone is keeping track of his "charity" money. I haven't heard a word on donation amounts or distribution.

1150 days ago
32.

JJ    

@pucket: I think you are having a hard time with understanding a lot of what Chuck Lorre has put out there, so I will summarize: He never said that Charlie wasn't a good actor. EVER. He paid him that money because he was a good actor and made his show a success. BUT, he could no longer stand Charlie's behavior and wanted him to get help to get healthy. There came a time where paying him all that money, knowing that it was going up his nose (and this article shows how much money Charlie was blowing thru), was just enabling him to kill himself. SO, he did the right thing and told him to either get healthy or get off. You seem to forget that initially Lorre wanted to postpone filming so Charlie could go to rehab. Charlie wasn't having any of it and thats when he started slinging mud at the network, Lorre, even Ducky. When he started to get really vile with his comments, is only when Lorre upped his comments.

Get the story straight. Charlie WAS a good actor. Now he's just a loser.

1150 days ago
33.

dd    

What a sad, pathetic life he leads, even his lowlife hookers are leaving him.

1150 days ago
34.

Rocco    

Don't care how well he was doing. He's a doosh, go away Charlie.

1150 days ago
35.

tenley    

Blow ain't cheap, and when is the last time Charlie got laid for free? But that's an insane amount of money and he wasn't even living paycheck to paycheck -- he had an advance with interest. Pathetic.

1150 days ago
36.

Chaps    

Chuckles, sorry, you weren't cut out to be a polygamist.

Hell its amazing you can tie your own shoes!

And no amount of money is going to buy people into believing in you again, you burnt that 7 gram rock!

1150 days ago
37.

Liz    

Reminds me of Michael Jackson.
Huge amounts of money borrowed.
Irrational $$$ spending.
Severe drug abuse.
Yep ... Michael Jackson.
And we know how that turned out.

1150 days ago
38.

aldee    

That answers the question why they kept him so long. They had to keep him long enough to get the money back on their loan.

1150 days ago
39.

DZRTJUL    

Balls is right! Really!!

1150 days ago
40.

Rita    

He robbed Peter to pay Paul! Let’s see where his money went...Prostitutes...Bags of Cocaine...Messing up hotel Rooms..$2,000 Bottles of wine...Two Ex Wives...5 Kids..Two Hang on Hooker’s (oops Goddesses)... Three cars that magically went off cliffs...Lawyers Fees...$150,000 watches, and all the other enablers that hang around him for a paycheck. I guess 2mil an episode does not even come close to covering his expenses. He did not need all these people; he needed a financial advisor and someone to kick his ass into shape. While the show was great, I am glad he is gone! His arrogance is a bit much to take.

1150 days ago
41.

JJ    

Good point aldee. Its pretty hard to defend the d-bag. I'm sure some of the money he borrowed had to go to his exes and his 'ho's

1150 days ago
42.

Elle0375    

A fool and their money are soon parted.

1150 days ago
43.

Meanie    

Charlie will be broke in a year and crying the blues and some of his fans on this board will eat it up like lemmings. What Chuckie really needs is good swift kick in the balls.

1150 days ago
44.

mannequin    

Reality has a bitter taste and should only be administered to commonfolk.

1150 days ago
45.

bagladey    

Considerable downsizing seems imminent.

1150 days ago
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