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Recently, Page 2 compiled hefty lists of thebest and worst contracts inbaseball history. But one could easily argue that the NBA, where rosters are much smaller, throws giant salaries around even more recklessly.
With that in mind, we proudly present the worst contracts in NBA history:
1. Stephon Marbury: four years, $76 million (2003)
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Coming off one of the best seasons in his career in 2002-03, Marbury brokered what was the richest sports contract in the history of the state of Arizona atthe time, without an agent. Three months after the contract extension was signed, Marbury was traded to the Knicks. By the time the deal kicked in for the2005-06 season, Marbury's career was indecline. He played in just 24 games for New York last season, famously clashing with then-coach Isiah Thomas. Marbury was quoted by the New York Daily News as saying, "Isiah hasto start me. I've got so much [stuff] on Isiah and he knows it. He thinks he can [get] me. But I'll [get] him first. You have no idea what Iknow." The Knicks are paying Marbury $21.9 million this season to not play at all.
2. Kenyon Martin: seven years, $92.5 million (2004)
The Nuggets, who were well below the salary cap in the summer of '04, traded three first-round draft picks to the Nets for the right to commit a sizable amount of money to Martin in asign-and-trade deal. Since then, the former No. 1 overall pick has been beset by injuries and was suspended following an insubordinateoutburst during the 2006 playoffs. Like Marbury leaving Phoenix, since leaving New Jersey Martin's production has dropped off noticeably, and he hasn't played in an All-Star Game. Meantime,there's no truth to the rumor K-Mart has a brother named Walter who answers to the nickname Wal-Mart.
3. Allan Houston: six years, $100 million (2001)
Houston was an effective scorer for the first two years of this contract extension, but the Knicks' nine-figure commitment to a shooting guardleft the team hamstrung in its ability to make roster moves. Houston's knees began to betray him in year three of the deal, and he would never be the sameplayer again. He played his last game on Dec. 10, 2004, although the entire amount of the contract was guaranteed. He remained the second-highest paid playerin the NBA, behind only Kevin Garnett, more than two years after his last game. Houston flirted with comebacks in 2007 and '08. He went so far as to sign aplaying contract with the Knicks prior to this season, but he was cut before the regular season began and then accepted a position in the team's frontoffice.
4A. Keith Van Horn: six years, $73 million (1999)
4B. Keith Van Horn: one year, $4.3 million (200
Van Horn put up terrific numbers in the abbreviated 1999 season, prompting the Nets to lock him up with a deal which kicked in for the 2000-01 season. Atthe time, owner Lewis Katz said, "It took about 45 seconds … we actually tried to drag it out to make it last two minutes." Indeed, Van Horn probablycouldn't grab the pen quickly enough, and he never matched his '99 production again. Last season, Van Horn got an even sweeter deal when the Maverickssigned him out of retirement and shipped him to New Jersey to complete the Jason Kidd trade. He played exactly zero minutes for the Nets.
5. Vin Baker: seven years, $86 million (1999)
Baker enjoyed two decent seasons in Seattle after signing this deal. Then he fell off the map, battling weight and alcohol issues for the rest of hiscareer. Baker was traded to Boston in 2002, and the Celtics cut him in '04, following his third suspension with the team, with 2½ years and $35 millionleft on the contract. He received an undisclosed settlement from Boston, then resurfaced with the Knicks. Despite his massive income, Baker has recently fallenon hard times financially. In 2008, he had a restaurant and a 9,600-square foot Connecticut home foreclosed upon.
6. Jermaine O'Neal: seven years, $126.6 million (2003)
O'Neal emerged as a formidable big man in the two seasons prior to signing one of the largest contracts in NBA history. After signing the deal, heenjoyed one productive season, then missedsignificant time because of injuries and a suspension in three of the next four. Still, the Raptors took a flier on O'Neal and the remaining two years onhis backloaded pact prior to this season, but so far his Toronto performance indicates he will never be an elite player again.
7. Bryant Reeves: six years, $64 million (1997)
Reeves had a solid season in 1997-98, but his productivity bottomed out soon afterward. He was booed at the team's last game in Vancouver on April 14,2001. He then played in two preseason games after the team moved to Memphis but retired because of a degenerative back condition. Who knew at the time healready peaked at a Final Four practice?
8. Ben Wallace: four years, $60 million (2006)
As soon as Wallace signed on the dotted line, he went from underrated defensive workhorse to overrated offensive liability. He's no longer even close toaveraging double figures in rebounds, something he did for seven consecutive seasons earlier in his career. Certainly, it's not Wallace's job to be an offensive presence, especially nowthat he's with the Cavaliers. But did we mention he's averaging 3.1 points per game this season?
9. Jim McIlvaine: seven years, $35 million (1996)
Fresh off an NBA Finals appearance, Seattle looked to upgrade its interior defense with the 7-foot-1, 260-pounder. It didn't seem to matter to generalmanager Wally Walker that McIlvaine had averaged 2.3 points and 2.9 rebounds as a backup with the Bullets the previous season, numbers which didn't getmuch better with the Sonics. He never averaged more than 18 minutes per game despite starting for two years in Seattle, before being unloaded on the Nets.
10. Juwan Howard: seven years, $105 million (1996)
At first glance, this pact might seem to deserve a higher spot on this list, but Howard remained reasonably productive for the life of the contract. Thatsaid, he was traded twice during that span and was named to zero All-Star teams. What's difficult to believe, in retrospect, is that Howard had two teamsfighting to award him a nine-figure contract. After initially rejecting a seven-year $78 million offer from Washington, he signed a seven-year, $100 milliondeal with the Heat. The NBA voided the deal, saying it violated the salary cap, and Howard then signed an even richer deal with the Bullets. You can't sayHoward doesn't love the game, though. He'splaying for $586,457 as a member of the Bobcats this season, and he obviously doesn't need the scratch.
Worst executive contract
Isiah Thomas: four years, $24 million (Knicks, 2007)
Thomas was directly responsible for at least $187 million in team losses, according to this article. Thatfigure doesn't even include trading for the albatross contracts of Steve Francis, Stephon Marbury and Zach Randolph, the ill-fated sign-and-tradedeal for Eddy Curry or Thomas' own salary. To wit, Thomas had procured all but one of those deals prior to receiving this extension, and the teamultimately spent a league-high $424million on player salaries during his tenure. Nevertheless, Madison Square Garden chairman James Dolan awarded Thomas the extension, citing"evident progress" by the team with Zekeas coach in 2006-07. After the pact was announced, the Knicks went 4-15, dropping from the No. 8 spot in the East to seven games out of the playoffs byseason's end. He hung on for another season before being relieved of coaching duties by new team president Donnie Walsh on April 18, 2008.
Worst coaching contract
Larry Brown: five years, $50 million (Knicks, 2005)
After Brown won two conference titles and a championship with the Pistons, Thomas became convinced Brown was the coach to bring credibility back to thestruggling Knicks. The team subsequently went 23-59, tying the franchise record for losses in a season. The two sides eventually reached a settlement of $18.5million for the four years remaining on the deal, meaning Brown was ultimately paid about $28.5 million for one season -- or $1.24 million per victory.
Honorable mention
• Eddy Curry: six years, $56 million (Bulls, in sign and trade to Knicks, 2005): Curry had a great season in the second year of this deal andwasn't bad in the first and third years. This season, he has been plagued by health and personal issues, and has played only three minutes. At this point,Curry's playing future is a question mark.
• Erick Dampier: seven years, $73 million (Mavericks, 2004): Dampier averaged 12.3 points and 12 rebounds in a career year for the Warriorsin 2003-04. This season, in the fifth year of the deal, he's averaging 5.5 points and 7.4 rebounds.
• Steve Francis: six years, $85 million (Rockets, 2002): Houston locked up Francis with an extension just as he was emerging as one of thebetter guards in the NBA. But by the time the deal kicked in for the 2003-04 season, his numbers dipped. He was initially rejuvenated after being shipped toOrlando in a deal for Tracy McGrady in '04, but he went into steep decline after that. Francis, drafted No. 2 overall by Vancouver in 1999, began and ended his career as a Grizzlies property, but never suitedup for the team.
• Larry Hughes: five years, $70 million (Cavaliers, 2005): Hughes enjoyed a career season with the Wizards in his contract year of 2004-05,and the Cavs had cap space to burn after being stood up by Carlos Boozer the previous offseason. Hughes hasn't approached his 2004-05 numbers since, andhe's averaged just 12 points per game over the past four seasons. But we are grateful to Hughes for hanging out with Page 2 lastsummer.
• Jerome James: five years, $30 million (Knicks, 2005): Last season, James played five minutes and earned $5.8 million. However, he didshoot 100 percent from the field and theline.
• Larry Johnson: seven years, $84 million (Hornets, 1993): This contract extension represented enormous money in 1993. Grandmama'sstats began to dip sharply after he was traded to the Knicks in 1996, but don't forget about the four-point play.
• Jon Koncak: six years, $13.1 million (Hawks, 1989): The figure seems unimpressive now, but $13.1 represented a monumental contract in1989. Koncak's $2.2 million salary in 1989-90 wasn't far behind Michael Jordan's ($2.5 million). After signing the pact, "Jon Contract" never averaged more than 4.2 points or 5.5 reboundsper game.
• Raef LaFrentz: seven years, $70 million (Mavericks, 2002): LaFrentz received this deal after arriving via trade from the Nuggets. Asidefrom averaging 11.1 points and 6.9 rebounds in 2004-05 after being dealt to the Celtics, he didn't come close to living up to the pact. LaFrentz wasshipped to the Blazers for 2006-07, and the deal comes offPortland's books at the end of this season.
• Nene: six years, $60 million (Nuggets, 2006): Coming off a 2005-06 campaign in which he blew out his knee three minutes into the seasonopener, the Nuggets made a major commitment to the Brazilian big man. Not surprisingly, he struggled to stay healthy each of the next two seasons. Still,we're not willing to anoint him as a Tskitishvilian bust just yet, as he's enjoying the best year of his career this season.
• Theo Ratliff: three years, $35 million (Blazers, 2004): This deal kicked in for the 2005-06 season, and his statistics didn'tapproach those of his late-1990s prime. He earned trade value last season, becoming known in some quarters as "Theo Ratliff's expiring contract."
Thomas Neumann is an editor for Page 2. You can contact him here.
With that in mind, we proudly present the worst contracts in NBA history:
1. Stephon Marbury: four years, $76 million (2003)
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[/th] [/tr][tr][td]• Rank 'em: worst contracts • Simmons: Trade value '09
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• Worst contracts in baseball history[/td] [/tr][/table]
Coming off one of the best seasons in his career in 2002-03, Marbury brokered what was the richest sports contract in the history of the state of Arizona atthe time, without an agent. Three months after the contract extension was signed, Marbury was traded to the Knicks. By the time the deal kicked in for the2005-06 season, Marbury's career was indecline. He played in just 24 games for New York last season, famously clashing with then-coach Isiah Thomas. Marbury was quoted by the New York Daily News as saying, "Isiah hasto start me. I've got so much [stuff] on Isiah and he knows it. He thinks he can [get] me. But I'll [get] him first. You have no idea what Iknow." The Knicks are paying Marbury $21.9 million this season to not play at all.
2. Kenyon Martin: seven years, $92.5 million (2004)
The Nuggets, who were well below the salary cap in the summer of '04, traded three first-round draft picks to the Nets for the right to commit a sizable amount of money to Martin in asign-and-trade deal. Since then, the former No. 1 overall pick has been beset by injuries and was suspended following an insubordinateoutburst during the 2006 playoffs. Like Marbury leaving Phoenix, since leaving New Jersey Martin's production has dropped off noticeably, and he hasn't played in an All-Star Game. Meantime,there's no truth to the rumor K-Mart has a brother named Walter who answers to the nickname Wal-Mart.
3. Allan Houston: six years, $100 million (2001)
Houston was an effective scorer for the first two years of this contract extension, but the Knicks' nine-figure commitment to a shooting guardleft the team hamstrung in its ability to make roster moves. Houston's knees began to betray him in year three of the deal, and he would never be the sameplayer again. He played his last game on Dec. 10, 2004, although the entire amount of the contract was guaranteed. He remained the second-highest paid playerin the NBA, behind only Kevin Garnett, more than two years after his last game. Houston flirted with comebacks in 2007 and '08. He went so far as to sign aplaying contract with the Knicks prior to this season, but he was cut before the regular season began and then accepted a position in the team's frontoffice.
4A. Keith Van Horn: six years, $73 million (1999)
4B. Keith Van Horn: one year, $4.3 million (200
Van Horn put up terrific numbers in the abbreviated 1999 season, prompting the Nets to lock him up with a deal which kicked in for the 2000-01 season. Atthe time, owner Lewis Katz said, "It took about 45 seconds … we actually tried to drag it out to make it last two minutes." Indeed, Van Horn probablycouldn't grab the pen quickly enough, and he never matched his '99 production again. Last season, Van Horn got an even sweeter deal when the Maverickssigned him out of retirement and shipped him to New Jersey to complete the Jason Kidd trade. He played exactly zero minutes for the Nets.
5. Vin Baker: seven years, $86 million (1999)
Baker enjoyed two decent seasons in Seattle after signing this deal. Then he fell off the map, battling weight and alcohol issues for the rest of hiscareer. Baker was traded to Boston in 2002, and the Celtics cut him in '04, following his third suspension with the team, with 2½ years and $35 millionleft on the contract. He received an undisclosed settlement from Boston, then resurfaced with the Knicks. Despite his massive income, Baker has recently fallenon hard times financially. In 2008, he had a restaurant and a 9,600-square foot Connecticut home foreclosed upon.
6. Jermaine O'Neal: seven years, $126.6 million (2003)
O'Neal emerged as a formidable big man in the two seasons prior to signing one of the largest contracts in NBA history. After signing the deal, heenjoyed one productive season, then missedsignificant time because of injuries and a suspension in three of the next four. Still, the Raptors took a flier on O'Neal and the remaining two years onhis backloaded pact prior to this season, but so far his Toronto performance indicates he will never be an elite player again.
7. Bryant Reeves: six years, $64 million (1997)
Reeves had a solid season in 1997-98, but his productivity bottomed out soon afterward. He was booed at the team's last game in Vancouver on April 14,2001. He then played in two preseason games after the team moved to Memphis but retired because of a degenerative back condition. Who knew at the time healready peaked at a Final Four practice?
8. Ben Wallace: four years, $60 million (2006)
As soon as Wallace signed on the dotted line, he went from underrated defensive workhorse to overrated offensive liability. He's no longer even close toaveraging double figures in rebounds, something he did for seven consecutive seasons earlier in his career. Certainly, it's not Wallace's job to be an offensive presence, especially nowthat he's with the Cavaliers. But did we mention he's averaging 3.1 points per game this season?
9. Jim McIlvaine: seven years, $35 million (1996)
Fresh off an NBA Finals appearance, Seattle looked to upgrade its interior defense with the 7-foot-1, 260-pounder. It didn't seem to matter to generalmanager Wally Walker that McIlvaine had averaged 2.3 points and 2.9 rebounds as a backup with the Bullets the previous season, numbers which didn't getmuch better with the Sonics. He never averaged more than 18 minutes per game despite starting for two years in Seattle, before being unloaded on the Nets.
10. Juwan Howard: seven years, $105 million (1996)
At first glance, this pact might seem to deserve a higher spot on this list, but Howard remained reasonably productive for the life of the contract. Thatsaid, he was traded twice during that span and was named to zero All-Star teams. What's difficult to believe, in retrospect, is that Howard had two teamsfighting to award him a nine-figure contract. After initially rejecting a seven-year $78 million offer from Washington, he signed a seven-year, $100 milliondeal with the Heat. The NBA voided the deal, saying it violated the salary cap, and Howard then signed an even richer deal with the Bullets. You can't sayHoward doesn't love the game, though. He'splaying for $586,457 as a member of the Bobcats this season, and he obviously doesn't need the scratch.
Worst executive contract
Isiah Thomas: four years, $24 million (Knicks, 2007)
Thomas was directly responsible for at least $187 million in team losses, according to this article. Thatfigure doesn't even include trading for the albatross contracts of Steve Francis, Stephon Marbury and Zach Randolph, the ill-fated sign-and-tradedeal for Eddy Curry or Thomas' own salary. To wit, Thomas had procured all but one of those deals prior to receiving this extension, and the teamultimately spent a league-high $424million on player salaries during his tenure. Nevertheless, Madison Square Garden chairman James Dolan awarded Thomas the extension, citing"evident progress" by the team with Zekeas coach in 2006-07. After the pact was announced, the Knicks went 4-15, dropping from the No. 8 spot in the East to seven games out of the playoffs byseason's end. He hung on for another season before being relieved of coaching duties by new team president Donnie Walsh on April 18, 2008.
Worst coaching contract
Larry Brown: five years, $50 million (Knicks, 2005)
After Brown won two conference titles and a championship with the Pistons, Thomas became convinced Brown was the coach to bring credibility back to thestruggling Knicks. The team subsequently went 23-59, tying the franchise record for losses in a season. The two sides eventually reached a settlement of $18.5million for the four years remaining on the deal, meaning Brown was ultimately paid about $28.5 million for one season -- or $1.24 million per victory.
Honorable mention
• Eddy Curry: six years, $56 million (Bulls, in sign and trade to Knicks, 2005): Curry had a great season in the second year of this deal andwasn't bad in the first and third years. This season, he has been plagued by health and personal issues, and has played only three minutes. At this point,Curry's playing future is a question mark.
• Erick Dampier: seven years, $73 million (Mavericks, 2004): Dampier averaged 12.3 points and 12 rebounds in a career year for the Warriorsin 2003-04. This season, in the fifth year of the deal, he's averaging 5.5 points and 7.4 rebounds.
• Steve Francis: six years, $85 million (Rockets, 2002): Houston locked up Francis with an extension just as he was emerging as one of thebetter guards in the NBA. But by the time the deal kicked in for the 2003-04 season, his numbers dipped. He was initially rejuvenated after being shipped toOrlando in a deal for Tracy McGrady in '04, but he went into steep decline after that. Francis, drafted No. 2 overall by Vancouver in 1999, began and ended his career as a Grizzlies property, but never suitedup for the team.
• Larry Hughes: five years, $70 million (Cavaliers, 2005): Hughes enjoyed a career season with the Wizards in his contract year of 2004-05,and the Cavs had cap space to burn after being stood up by Carlos Boozer the previous offseason. Hughes hasn't approached his 2004-05 numbers since, andhe's averaged just 12 points per game over the past four seasons. But we are grateful to Hughes for hanging out with Page 2 lastsummer.
• Jerome James: five years, $30 million (Knicks, 2005): Last season, James played five minutes and earned $5.8 million. However, he didshoot 100 percent from the field and theline.
• Larry Johnson: seven years, $84 million (Hornets, 1993): This contract extension represented enormous money in 1993. Grandmama'sstats began to dip sharply after he was traded to the Knicks in 1996, but don't forget about the four-point play.
• Jon Koncak: six years, $13.1 million (Hawks, 1989): The figure seems unimpressive now, but $13.1 represented a monumental contract in1989. Koncak's $2.2 million salary in 1989-90 wasn't far behind Michael Jordan's ($2.5 million). After signing the pact, "Jon Contract" never averaged more than 4.2 points or 5.5 reboundsper game.
• Raef LaFrentz: seven years, $70 million (Mavericks, 2002): LaFrentz received this deal after arriving via trade from the Nuggets. Asidefrom averaging 11.1 points and 6.9 rebounds in 2004-05 after being dealt to the Celtics, he didn't come close to living up to the pact. LaFrentz wasshipped to the Blazers for 2006-07, and the deal comes offPortland's books at the end of this season.
• Nene: six years, $60 million (Nuggets, 2006): Coming off a 2005-06 campaign in which he blew out his knee three minutes into the seasonopener, the Nuggets made a major commitment to the Brazilian big man. Not surprisingly, he struggled to stay healthy each of the next two seasons. Still,we're not willing to anoint him as a Tskitishvilian bust just yet, as he's enjoying the best year of his career this season.
• Theo Ratliff: three years, $35 million (Blazers, 2004): This deal kicked in for the 2005-06 season, and his statistics didn'tapproach those of his late-1990s prime. He earned trade value last season, becoming known in some quarters as "Theo Ratliff's expiring contract."
Thomas Neumann is an editor for Page 2. You can contact him here.
