Thanks for all the suggestions!
I find it hard to believe that the bow could deform like that at the handle, and like Crooked Stic I wondered if it was actually built that way. If it was I don't know how or why it made it out of the shop in that shape.
I guess I should have specified that it is a fiberglass bow. The guy who gave it to me said that it was a Martin, although I don't see any markings on the bow anywhere that tell what it is. Aside from the draw weight and the bow length, the only thing on it is ML 14 4337.
I don't have the tools or the ability to make it into a two piece, although it is a good idea! If I had the capabilities I might have given that a try.
Flem, if I was left handed I might try building a shelf out of that side and shooting it that way! Maybe I could turn it upside down and shoot it that way haha.
I might try heating it up and trying to slowly reshape it.