Worst contract in pro sports

[yachties23]

I started thinking about this when somebody brought up Arod the other day. I didn't realize they had 6 more years left at an average of 25 million. After this season, I can only imagine at 40 years old his production and a salary rivaling the GDP of some smaller countries that this was a bad extension by the Yankees, although with their resources its not likely to hamstring them.

Which is why I'd have to say the worst contract in the history of sports was the Islanders signing Rick DePeitro to a 15 year deal. Who the hell now a days gets a 15 year deal in any sport? Nevermind a guy who is always injured for a team that plays in the worst arena in all of professional sports. This one always flys under the radar usually people think Bobby Bonillia, or JaMarcus Russel, or Alan Houston, or any other number of insanely large contracts, but if you factor in how crippled the Islanders franchise is, with how much this signing is limiting them, I'd have to go with it as the worst contract that in pro sports.

[chippewastud79]

Elin Nordegren $10 million a year for 11 years. :r


In all honesty, the DiPietro contract is mind boggling, but the collection of terrible contracts by the Knicks in the last 15 years trumps his contract.

Alan Houston, Stephon Marbury, Jerome James (WHO?), Eddie Curry, Larry Brown, Isiah Thomas, Patrick Ewing.

All of them made more than the $4.5 million that DiPietro is getting and their money was guaranteed and most of them didn't even get thru half their contracts. :td

[N2 GOLD]

Remember this guy??? :r What was it $87, $88 mil...

http://t0.gstatic.com/images?q=tbn:ANd9GcSOTliw3SzrdTNib_Ti7AfOb2_Iazd6i QyPdY4426o63YIAm6X6

[forgop]

Payaton Manning signed a $90M deal this summer and who knows if he'll ever play another down.

[kelmac07]

Oliver Perez 3 years at $ 36 million...for a mediocre, at best, pitcher. :td :td

[Cornrow_Wallis]

Payaton Manning signed a $90M deal this summer and who knows if he'll ever play another down.

That is bad after the the fact though. It's not like the colts knew he wasn't going to be playing.

[Stephen]

http://www.loudsportsshorts.com/soccer/beckham/david_beckham-soccer.jpg
/thread

[chippewastud79]

David Beckham $1 million a week for 5 years. :hm


Payaton Manning signed a $90M deal this summer and who knows if he'll ever play another down.

If he never plays another down, the total remaining money on that contract becomes $0.00 million. Its hard for an NFL contract to be one of the worst contracts ever given that teams can cut players with no more money to be paid. Teams are often too stupid to cut players in time (see: J. Russell, Haynesworth, Vick x 2), but they have an out for every contract they sign unlike the NBA, MLB and NHL. :tu

[bobarian]

Barry Zito, $126m 7years plus $18m 2014 option or $7m buyout. Nuff said. :gary

Record for past five years 43-61 4.55era

[yachties23]

I almost forgot about Zito...

That was a questionable signing when they made it, his performance only makes it worse.

[icehog3]

Two words...Anfonso Soriano. ;)

[AlohaStyle]

Bobby Bonilla - The Mets traded him to Baltimore in 1995. In 2000, we learned the Mets agreed to pay out the remainder of Bonilla's contract by deferring the $5.9 million that he was due. The Mets will pay him 25 equal payments of $1,193,248.20 every July 1 from 2011 until 2035, assuming an annual interest rate of 8% during the period 2011-2035.

You got to give Bonilla credit for accepting one of the best retirement programs ever! LOL

The absolute worst I think - Mike Hampton, Pitcher for Colorado $121 mil for 8 years.
Was traded in 2001 to Colorado... at Coors Field he went 21-28 with a 5.75 ERA over two seasons before being dealt to the Marlins then Braves with a last year ERA of 6.15. Had a couple decent years but then injuries hit him hard. The Rockies were still on the hook for his salary and then $6 million buyout in 2009.

[AlohaStyle]

David Beckham $1 million a week for 5 years. :hm




If he never plays another down, the total remaining money on that contract becomes $0.00 million. Its hard for an NFL contract to be one of the worst contracts ever given that teams can cut players with no more money to be paid. Teams are often too stupid to cut players in time (see: J. Russell, Haynesworth, Vick x 2), but they have an out for every contract they sign unlike the NBA, MLB and NHL. :tu


Agree with everything. $250 mil / 5 years for Beckham! And... NFL contracts are fully guaranteed, big difference.

[jonumberone]

I'm going with Baseballs first $100 million man
Kevin Brown
7 Years $105 million for a 34 year old pitcher
I couldn't find particulars but if I remember, there were a lot of fringe benefits built in as well.
Unlimited use of a private jet, and the largest suite in a hotel, ETC...

[yachties23]

Bobby Bonilla - The Mets traded him to Baltimore in 1995. In 2000, we learned the Mets agreed to pay out the remainder of Bonilla's contract by deferring the $5.9 million that he was due. The Mets will pay him 25 equal payments of $1,193,248.20 every July 1 from 2011 until 2035, assuming an annual interest rate of 8% during the period 2011-2035.

You got to give Bonilla credit for accepting one of the best retirement programs ever! LOL

The absolute worst I think - Mike Hampton, Pitcher for Colorado $121 mil for 8 years.
Was traded in 2001 to Colorado... at Coors Field he went 21-28 with a 5.75 ERA over two seasons before being dealt to the Marlins then Braves with a last year ERA of 6.15. Had a couple decent years but then injuries hit him hard. The Rockies were still on the hook for his salary and then $6 million buyout in 2009.

Honestly the Bonilla thing is a joke. How do they not just pay him the 6 million? I know the Wilpons are cheap, but they literally are paying him 400 percent of what he was owed. When I first heard about that I was like no way, than thought, oh yeah the Wilpons would do something that stupid. Only my mets....

[Blak Smyth]

Albert Hanesworth
(Or any other big contract the Redskind have signed in the last few years)!

After the 2008 season, the Redskins signed Haynesworth to a seven-year, $100 million deal. Since then, he's been suspended by the team, failed a physical, been in a war with Mike Shanahan, and did not come close to being the defender he was in Tennessee.

You could argue that lasting more than one season makes this not as bad as McNabb or Sanders, but when you factor in on-field issues, off-field issues, and an inability to get in shape, he should have never come close to a $100 million deal.

The only thing I know for sure about the Redskins is we will not lose this week!:D

[chippewastud79]

NFL contracts are fully guaranteed, big difference.

:confused: Did you mean, not fully guaranteed? :confused:

[Resipsa]

Payaton Manning signed a $90M deal this summer and who knows if he'll ever play another down.

Find that Blantons stopper yet?

[Resipsa]

Forbes just had an article on the most overrpaid player in sports. The answer:

MARK SANCHEZ

[shilala]

That is bad after the the fact though. It's not like the colts knew he wasn't going to be playing.

Peyton Manning signed a $90M deal this summer and who knows if he'll ever play another down.
Indianapolis absolutely knew Manning may never play another down when they wrote that contract, it was common knowledge, disclosed by Peyton, his doctors and the team doctors.
Manning purposely had the Colt's proposed contract rewritten and restructured to protect the club that he loves (against his agent's wishes, of course) in the event he could no longer play, because he knew that it was realistic that he'd never play another down. All this was publicized. The club could have put Peyton on the PUP list at week two and avoided writing him a $5,000,000 paycheck that was coming due for (part of) this year. He should have been placed on the PUP, as they knew he'd not likely play a down this year, and the December rumor (that owner Jim Irsay started) was even a huge longshot. Even if he did come back this year, they weren't liable for that $5,000,000. If placed on the PUP, that would have meant he couldn't practice with the team, and they wouldn't hear of that. They literally paid five million dollars just so they could keep him in their presence.
Peyton is still on the active roster, where he will remain. This quarterback and this organization truly have a huge mutual respect and love for each other. This feel-good story between Peyton and the Colts organization is incredibly inspiring and refreshing in this time of assholes and dollar signs in the NFL. It's worth doing the legwork and reading up on it. It'll definately put a smile on anyone's face. :tu

[shilala]

I'm pretty sure that the Pittsburgh Pirates are still paying on Mike LaValliere's contract from back in '87.

[forgop]

Find that Blantons stopper yet?

I'm still looking for one-kinda like the colts searching for a win instead of sucking. It must be tough to stare at your Peytie-Poo shrine now.

[AlohaStyle]

:confused: Did you mean, not fully guaranteed? :confused:

Yep, sorry.

[The Poet]

I have no idea which contract is the absolute worst, but there's one point about A-Rod many seem to overlook: It was the Rangers, not the Yankees, who first signed him to a monster deal, and it was also the Rangers who ate much of it when he came to The Bronx.

[Resipsa]

I'm still looking for one-kinda like the colts searching for a win instead of sucking. It must be tough to stare at your Peytie-Poo shrine now.

Thanks for confirming:banger

[yachties23]

I have no idea which contract is the absolute worst, but there's one point about A-Rod many seem to overlook: It was the Rangers, not the Yankees, who first signed him to a monster deal, and it was also the Rangers who ate much of it when he came to The Bronx.

But when he opted out who extended him for 10 years? Honestly the first contract wasn't so bad, it would be expiring now, and maybe he had 1 or 2 below average years, and won like what 3 MVP awards during the span of that contract, and not one since the extension. The Yankees were bidding against themselves and still have 6 more years left on this deal @ like 25 million a season.

If you get the MVP of the league who hits 40 plus homers, drives in 110 runs, hits .300 plays a solid 3rd base, 25 million a year isn't so bad by baseball standards. If you get a guy who is 40, coming off hip surgery, and not anywhere near as productive as he used to be, oh and you have 6 more years to pay him, than that is a bad contract.

Oh by the way, Kei Igawa is another one that just baffles my mind.

[NeuRon]

AJ Burnett @ 5 years, 82.5 million.. dude is a scrub.. this is just off the top of my head

this thread is pretty cool.. i will have to dig a little deeper

[jonumberone]

But when he opted out who extended him for 10 years? Honestly the first contract wasn't so bad, it would be expiring now, and maybe he had 1 or 2 below average years, and won like what 3 MVP awards during the span of that contract, and not one since the extension. The Yankees were bidding against themselves and still have 6 more years left on this deal @ like 25 million a season.

If you get the MVP of the league who hits 40 plus homers, drives in 110 runs, hits .300 plays a solid 3rd base, 25 million a year isn't so bad by baseball standards. If you get a guy who is 40, coming off hip surgery, and not anywhere near as productive as he used to be, oh and you have 6 more years to pay him, than that is a bad contract.

Oh by the way, Kei Igawa is another one that just baffles my mind.

When you look at the ARod contract it hasn't run it's course, so it's hard to call it bad.
You are assuming he's done, but that may or may not be the case.
Granted I don't think he'll ever hit 50 hr with 135rbi again, but 30 100 is not unreasonable for a healthy ARod!
And that's only the on field aspect of the deal
If you start to consider other factors, it gets better.
First off, merchandising.
All those #13 tshirts and jerseys you see, the yanks get a big piece of that.
You also have to consider the ratings bonanza hr # 600 was and how big # 700,715,756 and 763 will be.
Not to mention all the additional memorabilia they will sell in relation to the chase.
Ticket sales, Gate revenue both home and away and brand exposure all go up when Arod is on the team.

For the Yanks, Arod is not a player, he's a commodity!

[yachties23]

Good points Dom. You are absolutely right, he is a commodity, and worth more to the Yankees than just his on the field numbers.

I didn't say it was the worst contract, I just think its quite a bit of money to give to a guy at 40+

[icehog3]

AJ Burnett @ 5 years, 82.5 million.. dude is a scrub.. this is just off the top of my head



Kicked my Tigers' asses last night. :hn

[Stephen]

When you look at the ARod contract it hasn't run it's course, so it's hard to call it bad.
You are assuming he's done, but that may or may not be the case.
Granted I don't think he'll ever hit 50 hr with 135rbi again, but 30 100 is not unreasonable for a healthy ARod!
And that's only the on field aspect of the deal
If you start to consider other factors, it gets better.
First off, merchandising.
All those #13 tshirts and jerseys you see, the yanks get a big piece of that.
You also have to consider the ratings bonanza hr # 600 was and how big # 700,715,756 and 763 will be.
Not to mention all the additional memorabilia they will sell in relation to the chase.
Ticket sales, Gate revenue both home and away and brand exposure all go up when Arod is on the team.

For the Yanks, Arod is not a player, he's a commodity!
Yeah, because people weren't going to watch the Yankees play without A-Rod...:rolleyes:

[forgop]

Indianapolis absolutely knew Manning may never play another down when they wrote that contract, it was common knowledge, disclosed by Peyton, his doctors and the team doctors.
Manning purposely had the Colt's proposed contract rewritten and restructured to protect the club that he loves (against his agent's wishes, of course) in the event he could no longer play, because he knew that it was realistic that he'd never play another down. All this was publicized. The club could have put Peyton on the PUP list at week two and avoided writing him a $5,000,000 paycheck that was coming due for (part of) this year. He should have been placed on the PUP, as they knew he'd not likely play a down this year, and the December rumor (that owner Jim Irsay started) was even a huge longshot. Even if he did come back this year, they weren't liable for that $5,000,000. If placed on the PUP, that would have meant he couldn't practice with the team, and they wouldn't hear of that. They literally paid five million dollars just so they could keep him in their presence.
Peyton is still on the active roster, where he will remain. This quarterback and this organization truly have a huge mutual respect and love for each other. This feel-good story between Peyton and the Colts organization is incredibly inspiring and refreshing in this time of assholes and dollar signs in the NFL. It's worth doing the legwork and reading up on it. It'll definately put a smile on anyone's face. :tu

Manning looks out for himself-don't kid yourself. If he was such a saint, maybe he signs for $10M this year and allows the Colts to pay for some decent players.

The bottom line-Payaton will get the $90M unless he retires or is actually cut by the Colts if he's no longer able to play. It is quite conceivable that he *could* do extensive rehab or have additional surgeries under the premise of getting on the field once again. Colts don't want to cut him and don't want to see him retire. The "Colts" fan base is stocked pretty high with Manning fans, but once 18 isn't around, they disappear. You see the product on the field without him and in the stands. Tickets are very cheap/available now.

[Ferrari5180]

Scott Gomez for the Montreal Canadiens. What a useless player. Not only can't he score, but he even blocks shots from going in.

[BUC WHITE]

Grant hill for the magic. 96 mil to be injured for 3 seasons. Great investment