Worst contract in pro sports

yachties23 · 10-04-2011, 06:28 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, 07:27 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, 07:31 PM

Remember this guy???

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

Stephen · 10-04-2011, 07:40 PM

/thread

forgop · 10-04-2011, 07:34 PM

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

Cornrow_Wallis · 10-04-2011, 07:39 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.

shilala · 10-05-2011, 01:51 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.

forgop · 10-06-2011, 11:21 AM

Quote:

Originally Posted by shilala

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.

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.

chippewastud79 · 10-04-2011, 07:44 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, 08:46 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, 09:44 PM

I almost forgot about Zito...

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

AlohaStyle · 10-05-2011, 02:28 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.

chippewastud79 · 10-05-2011, 12:10 PM

Quote:

Originally Posted by AlohaStyle

NFL contracts are fully guaranteed, big difference.

Did you mean, not fully guaranteed?

AlohaStyle · 10-05-2011, 04:44 PM

Quote:

Originally Posted by chippewastud79

Did you mean, not fully guaranteed?

Yep, sorry.

10-05-2011, 12:21 PM

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?

forgop · 10-05-2011, 04:15 PM

Quote:

Originally Posted by Resipsa

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.

10-05-2011, 05:15 PM

Quote:

Originally Posted by forgop

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

kelmac07 · 10-04-2011, 07:36 PM

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

icehog3 · 10-05-2011, 12:23 AM

Two words...Anfonso Soriano.

AlohaStyle · 10-05-2011, 02:25 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.

10-04-2011, 06:28 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, 07:27 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, 07:31 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, 07:40 PM	#4
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, 07:34 PM	#5
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, 08:46 PM	#10
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, 09:44 PM	#11
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, 07:36 PM	#18
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!"

10-05-2011, 12:23 AM	#19
icehog3 Admiral Douchebag Join Date: Oct 2008 First Name: Tom Location: Clermont, Kentucky Posts: 71,305 Trading: (60)	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, 02:25 AM	#20
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.