This pick should not be blamed too heavily on the Orlando Magic who signed Grant Hill to a seven-year, $93 million contract. At the time Hill was one of the best players in the league, but injuries plagued his career in Orlando and he only played in 47 games in his first four seasons! He was traded to the Phoenix Suns in 2007 and has been playing a little bit better, but he still is not worth the BIG money.
Ryan Leaf may be the biggest bust in NFL history. The Indianapolis Colts almost picked Leaf over current superstar Peyton Manning with the first overall pick in the 1998 Draft. Instead the San Diego Chargers chose him with the second pick, and signed him to a four-year, $32.5 million contract. Leaf lasted only four unproductive seasons, while Manning became the best quarterback in the game.
In 2006 the New York Islanders signed Rick to a 15-year, $67.5 million contract. The team is losing every year and Rick always seems to be injured. The franchise is desperate for money or they're moving to Kansas City.
In 1997, the Boston Celtics signed Rick Pitino to a seven-year, $70 million contract, but Pitino wasn't a player - he was the coach. The legendary University of Kentucky coach was brought to bring the Celtics back to glory. The exact opposite happened, as the Celtics failed to make the playoffs in his four-year tenure. He was canned in 2001.
Larry got 70 million for 5 years from the Cleveland Cavaliers to make him the right-hand man for their franchise player Lebron James. Well Larry really didn’t help Lebron or Lebron didn’t help Larry and now look at Cleveland. They’ve lost Lebron to Miami without even getting to a NBA Finals.
Michael was given a 137 million dollar contract for 10 years with the Atlanta Falcons, but he did not disappoint anyone on the football field. However he did end up disappointing everyone on the streets. Michael ended up going to prison for 2 years for running a dogfighting ring. Fortunately for the Falcons they didn’t have to pay him his salary anymore.
A 10-year, $252 million contract contract from the Texas Rangers had to be really disappointing when A-Rod was unable to lead the team to the World Series. It was just bad news for Texas as they ended up trading Alex to the New York Yankees where Alex won the MVP twice and went on to win the 2009 World Series. Texas even had to pay 67 million of A-Rod’s contract with New York… Oops!
In 2006, the Chicago Bulls thought they needed a big man to fill a gap so they made Ben a 60 million dollar contract over 4 years. After a few injuries and only 6-points average per game, the Bulls soon realized that this was a huge mistake. They traded him to the Cleveland Cavaliers in 2008 eating $30 million.
The 5 year 250 million dollar contract to bring soccer to the States worked just as much as Posh bringing back the spice in her Girl Band career. The LA Galaxy fans are angry with David and they don’t even want him back after David seemed to be only a part-time player injured most of the time.
In 2007 the Oakland Raiders handed Jamarcus a 68 million dollar contract over 6 years. He was picked number one overall at the 2007 draft and expected to bring life back to the Raiders as a franchise quarterback. One problem… he doesn’t care about football anymore. He gained weight immediately after the draft and now weighs 300 pounds. He’s been cut and the Raiders will have to eat millions.
Alfonso Soriano- Cubs: Oh, where to begin with this ass-bag. Let’s first attack Cubs GM Jim Hendry, who has done his best to one up Isiah Thomas on the “I bet I can F-up my franchise worse than you can” list. He gave Soriano a 6 year, $136 million dollar deal after “Fonzi” displayed his talents on a baseball bottom feeder in Washington in ’06. The Nationals had as much pressure on them that season as my 2007 Men’s Softball league team had (Thanks again Jay and Bob….We didn’t need you for the playoffs or anything). Soriano had a typical contract year in ’06……67 walks, 46 home-runs, and 41 stolen bases. He also became the 4th payer to join the 40-40 club with Jose Canseco, Barry Bonds, and Alex Rodriguez. What does that group have in common……..Think about it. Soriano also became the first player to have 40 homers, 40 stolen bases, and 40 doubles in one season. Translation: Perfect free agent timing. The Cubs “had” to have this guy. Jim Hendry put down his double cheeseburger with bacon and thought it was brilliant to outbid every other team in the running on years and money (he outbid other suitors by $30 million or so) to get the selfish “me” guy to the northside. Three and a half years later, Cubs fans can’t say his name without saying….”You know he has 5 more years on his contract right?!” Between the injuries, dropped fly balls, standing at the plate admiring long warning track fly balls, getting picked off, hopping while catching fly balls, swinging at 56 foot curve balls, displaying an inability to hit teams 1-2 starters, his low baseball IQ, and hitting opposing teams closers with as much success as Todd Hundley did (I knew I could find a way to put him in this article)…..Cubs fans have had it. Soriano belongs in the Mexican league that Jake Taylor played in in the late 80′s.
The Gruesome Details: 5 more years, a FULL no-trade clause, and average of $18 million dollars per season. That’s as disgusting as his admission that he’s afraid of the wall. Thanks again Jim, we didn’t want flexibility going forward with new ownership.
Other Atrocious MLB contracts:
Barry Zito- Giants: The former CY Young award winner has 4 more years with $76 million left on his Giants contract. The Giants had the stink of Barry Bonds for one more year and instead of a fresh start, former GM Brian Sabean inked Zito to the mega deal. Zito is now no better than the Giants 3rd starter. $126 million just doesn’t get you what it used to.
Vernon Wells- Blue Jays: Another highly paid aging outfielder, Wells is owed a ridiculous $107 million over the remaining 5 years of his deal. According to FanGraphs, Wells 0.9, 1.3, -0.1 wins since 2006. How bad is it when your presence on a bad team makes that team even worse? Congrats Vernon, you’ve earned it.
J.D Drew- RedSox: The RedSox right fielder is hitting .143 with a .286 slugging percentage, and those instrumental 6 RBI on the young season. That’s hideous by itself, but when you take into account he’s making $14 million dollars this season. Take a bow Theo Epstein…..Thank you. He’s never had over 70 RBI for Boston, and he’s on the books until the end of the 2011 season. Drew’s agent Scott Boras pulled another John Dillinger heist with this contract. I hope Drew has saved some money because this will be his last big money contract. Unless Jim Hendry is still employed in 2011. Speaking of Mr. Hendry yet again……
Carlos Zambrano- Cubs: I remember the day in ’07 when Jim Hendry struck again. The Cubs inked Carlos Zambrano to a 5 year $91 million dollar extension that made me shake my head 682 times in one afternoon. All of this for a guy who had yet to win 18 games in a season, not displayed playoff mental toughness, never demonstrated a strong work ethic, and showed he just might be clinically insane. You better believe Jimmy boy gave him a full no-trade clause in his extension that he has shown no desire to wave. With the news that he is headed to the bullpen, maybe he’ll start to soften that stance. I’m fine with making him upset if it means he’s likely to wave the no-trade and accept a trade later this year. Is it probable? No, but this is pro sports and there’s always a sucker out there.
Clearly, Kevin Lowe was looking to make a splash. He tried to sign Tom Vanek to an offer sheet of seven years, $50 million, and he would have gotten away with it too if it hadn't been for those pesky Sabres matching the offer. So Lowe went out and did the next best thing: Signing Anaheim's restricted free agent forward Dustin Penner to a five-year, $21.25 million deal.
What he probably didn't realize was that Penner wasn't that great. As the Oilers' highest-paid forward (until Shawn Horcoff signed his ridiculous deal this offseason), he scored 84 points over two seasons. While he's showing signs that he's turning it around (15-15-30 through his first 27 games this year), this contract was a symbol of everything that could go wrong under the current CBA.
Back in the summer of 2008, the Chicago Blackhawks thought they were in desperate need of defensive help for some reason. Apparently having a top-three of Brent Seabrook, Cam Barker and Duncan Keith wasn't good enough for them. So they got more defensive help from... Brian Campbell?
Yeah, apparently they thought he was a great two-way defenseman that was worth about $58 million over eight years. No, I don't know why. Granted, he scored 62 points in his contract year, playing for both Buffalo and San Jose, but he was still only a plus-8, and that's after going plus-9 in 20 games with the Sharks. And let's just say his postseason track record fit in perfectly with the rest of the boys in San Jose.
Granted Campbell, has put up pretty good offensive numbers in Chicago, but his salary (along with Brent Sopel's) is the main reason the team stressed over its cap situation before signing Jonathan Toews( , Patrick Kane and Duncan Keith.
Redden gets escorted out of Ottawa by a group of the local citizenry that had armed itself with torches and pitchforks. That's fine. It happens. And he was, for a little while, one of the better defensemen in the league.
But after Redden came off a 6-32-38 season in 2007-08 (his worst since the ‘90s), the Rangers said, "Hey Wade, we want you on board." And Redden should've been happy with that. Big market, and he probably figured he'd get decent money.
He was wrong. He got obscene money.
His six-year, $39 million deal gives the Rangers a cap hit of $6.5 million through 2014. For a player that has, in his first 105 games in New York, produced four goals, 28 assists and has looked like a turnstile most nights. Don't worry though, Ranger fans. Only four more years of that after this one!
Holik got ridiculous money to jump from the Devils to the Rangers in the summer of 2002. I mean, $9 million would have been a lot for anyone, let alone Holik who had a career high of 65 points.
But again, pre-lockout, who cares, right?
Well, the problem for the Rangers was that the contract obviously spilled into the new CBA, and even with the salary rollback they were paying Bobby "freaking" Holik $6.726 million when the salary cap was just -- get this -- $39 million. So they bought him out and then had to pay him another $3.5 million for not playing during the lockout. The Rangers were less than pleased with that, as you can imagine.
He then signed with the Thrashers for a nearly-as-ridiculous $12.75 million, and in return Atlanta got 96 points. It begs the question: Of how many NHL executives does Holik own compromising photos?
You might be thinking that the DiPietro contract is the worst the Islanders gave out this decade, but you're forgetting a contract so hilariously bad that even Glen Sather probably threw his back out laughing when he heard about it.
Ten years, $87.5 million. Biggest in league history. For a player widely regarded to be as lazy as he was talented, and twice as petulant as he was lazy (his holdouts with the Senators are legendary). Sure, he'd been phenomenal in Ottawa; 172 goals in the prior four seasons is a good amount. So maybe he is worth close to $9 million to a New York-based team with a sweet TV deal in the pre-cap world. But 10 years? The guy was 28 when he signed it.
To make matters worse, he was pretty awful on the Island. After potting that 172 in four years, he scored 119 over five with the Islanders (and a whopping five goals in four one-and-done playoff appearances). So the Islanders did the only prudent thing and bought him out.
And they say you can still find the ghost of that contract to this day: haunting the Islanders' cap number to the tune of $3.235 million a year -- still the third-highest cap hit on the team! -- until 2015.
Scott Gomez: Gomez’s annual salary-cap charge of $7.357-million is ninth-highest in the NHL – he will earn $8-million in each of the next two seasons, before the numbers drop off to $7.5-million, $5.5-million and $4.5-million in the final three years of the contract. The Rangers signed Gomez, who led the league in assists in ‘04, to act as a set-up man for Jaromir Jagr, but the two never found any chemistry – and there isn’t a pure sniper on either the current roster or in the system that would help maximize what Gomez brings to the table.
Chris Drury: About the only saving grace with Drury’s contract is its term – five years, which means there are only three years remaining. A cap charge of $7.05-million, any team interested in Drury would pay him $8-million in each of the next two years and then $5-million in the final year, a lot to pay for a player that has never scored 70 points in the NHL and conveniently managed his one-and-only season above 30 goals in his contract year with the ‘07 Sabres.
J.S. Giguere: With the emergence of Jonas Hiller, Giguere – a Cup winner in ‘06 – becomes superfluous in Anaheim; and if they could ever find a way of moving him, they might be able to hang on to Chris Pronger. Problem is, Giguere is the one player on the team with a no-movement contract – awarded by Burke for humanitarian reasons so the Gigueres could be close to the UCLA facility that treats his son, who was born with an eye disorder. Even if Giguere were to agree to the move, is there a market for a goaltender whose GAA jumped a full goal, year over year, who’ll earn $6-million and $7-million respectively in the final two years of his deal.
Vincent Lecavalier: Lecavalier differs from others on this list because he continues to play at an elite level, even last year when he was hampered all season by a bad wrist. The problem: An 11-year contract that kicks in on July 1, in which the first seven years pay him $10-million per season before steadily declining as it winds down (to $8.5, $4, $1.5 and $1-million). At 29, and with 10 full seasons under his belt, can Lecavalier deliver $10-million worth of production for the next seven years?