The Worst NBA Contracts In History!
Let’s face it, when you sign a new player, it’s kinda like rolling dice. You can sign a relative unknown and hit the jackpot. Your new player could be the next Michael Jordan. On the other hand, you could spend a fortune on an overly hyped player who doesn’t live up to expectations. It’s a gamble. But every team has to play. So you take chances and hope for the best. The following list of worst contracts in the NBA is a reminder that you sometimes end up with the short end of the stick.
If you’re a high-ranking executive with a professional basketball team, this list will likely give you a bad case of heart burn. On the other hand, if you’re new to contract negotiations, or just scouting for new talent, this list is a great place to start your education.
1989 – 6 years, $13M
Okay, $13 million doesn’t seem like much by today’s inflated standards. But back in 1989, it was considered a huge sum. In fact, Koncak, a 7’0″ center, was actually getting paid more that year than Mr. Michael Jordan, Magic Johnson, and Larry Bird. Ridiculous? Absolutely! But according to Koncak, it was justified. He said “The league is changing. I think maybe this is just the start.” Of course, Koncak never lived up to the hype. Hey, Hawks, what were you thinking?