Worst contract in pro sports

yachties23 · 10-04-2011, 05:28 PM

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 · 10-04-2011, 06:27 PM

Elin Nordegren $10 million a year for 11 years.

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.

N2 GOLD · 10-04-2011, 06:31 PM

Remember this guy???

What was it $87, $88 mil...

forgop · 10-04-2011, 06:34 PM

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

kelmac07 · 10-04-2011, 06:36 PM

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

Cornrow_Wallis · 10-04-2011, 06:39 PM

Quote:

Originally Posted by forgop

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 · 10-04-2011, 06:40 PM

/thread

chippewastud79 · 10-04-2011, 06:44 PM

David Beckham $1 million a week for 5 years.

Quote:

Originally Posted by forgop

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.

bobarian · 10-04-2011, 07:46 PM

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

Record for past five years 43-61 4.55era

yachties23 · 10-04-2011, 08:44 PM

I almost forgot about Zito...

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

icehog3 · 10-04-2011, 11:23 PM

Two words...Anfonso Soriano.

AlohaStyle · 10-05-2011, 01:25 AM

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 · 10-05-2011, 01:28 AM

Quote:

Originally Posted by chippewastud79

David Beckham $1 million a week for 5 years.

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.

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

jonumberone · 10-05-2011, 04:44 AM

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 · 10-05-2011, 05:08 AM

Quote:

Originally Posted by 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.

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 · 10-05-2011, 05:19 AM

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!

chippewastud79 · 10-05-2011, 11:10 AM

Quote:

Originally Posted by AlohaStyle

NFL contracts are fully guaranteed, big difference.

Did you mean, not fully guaranteed?

10-05-2011, 11:21 AM

Quote:

Originally Posted by forgop

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

Find that Blantons stopper yet?

10-05-2011, 11:22 AM

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

MARK SANCHEZ

shilala · 10-05-2011, 12:51 PM

Quote:

Originally Posted by Cornrow_Wallis

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

Quote:

Originally Posted by forgop

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.

10-04-2011, 05:28 PM	#1
yachties23 The Belly of the Beast Join Date: Aug 2009 First Name: Chris Location: New York City Posts: 568 Trading: (15)	Worst contract in pro sports 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. __________________ Lover of the One and Only, New Castle Brown Ale

10-04-2011, 06:27 PM	#2
chippewastud79 Fatter than you! Join Date: Oct 2008 First Name: Larry Location: A little place called home. Posts: 5,397 Trading: (44)	Re: Worst contract in pro sports Elin Nordegren $10 million a year for 11 years. 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. __________________ If we weren't supposed to eat animals, then how come they're made of meat? You can never have too many cigars, they are like an investment in good times.

10-04-2011, 06:31 PM	#3
N2 GOLD MIND OVER MATTER... Join Date: Feb 2011 First Name: RICO Location: So. CAL 33° 44' 44" N / 117° 52' 0" W Posts: 2,330 Trading: (1)	Re: Worst contract in pro sports Remember this guy??? What was it $87, $88 mil... __________________ When I want your opinion, I'll give it to ya.

10-04-2011, 06:34 PM	#4
forgop Not a puffer Join Date: Oct 2008 First Name: Duane Location: Indianapolis, IN Posts: 2,869 Trading: (40)	Re: Worst contract in pro sports Payaton Manning signed a $90M deal this summer and who knows if he'll ever play another down.

10-04-2011, 06:36 PM	#5
kelmac07 Resident Maduro Whore!! Join Date: Apr 2009 First Name: Mac Location: Newport News, VA Posts: 27,322 Trading: (218)	Re: Worst contract in pro sports Oliver Perez 3 years at $ 36 million...for a mediocre, at best, pitcher. __________________ Dom in the MLB thread "I could probably get you to wear a Yankee hat for a Maduro!"

10-04-2011, 06:40 PM	#7
Stephen Sultan of Cigars Join Date: Jan 2011 First Name: Stephen Location: Where the Pony Express began and Jesse James ended. Posts: 1,582 Trading: (18)	Re: Worst contract in pro sports /thread

10-04-2011, 07:46 PM	#9
bobarian Cranky Habanophile Join Date: Oct 2008 Location: Wine Country Posts: 8,869 Trading: (51)	Re: Worst contract in pro sports Barry Zito, $126m 7years plus $18m 2014 option or $7m buyout. Nuff said. Record for past five years 43-61 4.55era

10-04-2011, 08:44 PM	#10
yachties23 The Belly of the Beast Join Date: Aug 2009 First Name: Chris Location: New York City Posts: 568 Trading: (15)	Re: Worst contract in pro sports I almost forgot about Zito... That was a questionable signing when they made it, his performance only makes it worse. __________________ Lover of the One and Only, New Castle Brown Ale

10-04-2011, 11:23 PM	#11
icehog3 Admiral Douchebag Join Date: Oct 2008 First Name: Tom Location: Clermont, Kentucky Posts: 70,536 Trading: (61)	Re: Worst contract in pro sports Two words...Anfonso Soriano. __________________ Thanks Dave, Julian, James, Kelly, Peter, Gerry, Dave, Mo, Frank, Týr and Mr. Mark!

10-05-2011, 01:25 AM	#12
AlohaStyle Have My Own Room Join Date: Sep 2009 First Name: Ryan Location: WA Posts: 1,168 Trading: (40)	Re: Worst contract in pro sports 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.

10-05-2011, 04:44 AM	#14
jonumberone Raw Dog Join Date: Jun 2010 First Name: Dom Location: Exit 8A Posts: 6,475 Trading: (62)	Re: Worst contract in pro sports 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... __________________ Sex junkie looking for a dealer

10-05-2011, 05:19 AM	#16
Blak Smyth Think Blue! Join Date: Jun 2011 First Name: SD Location: THE WOOD Posts: 8,486 Trading: (52)	Re: Worst contract in pro sports 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! __________________ SUPPORT OUR TROOPS

10-05-2011, 11:22 AM	#19
Resipsa Guest Posts: n/a	Re: Worst contract in pro sports Forbes just had an article on the most overrpaid player in sports. The answer: MARK SANCHEZ