Worst contacts in hockey, or any sport.
- Thread starter dognutz
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Bobby Bonilla wins this one hands down.
''The terms of Bonilla's payment plan ensure that Bonilla will keep getting his $1.19 million-plus every July 1 until 2035. He'll be 72 years old by then, still rolling in the Mets' riches.''
www.sportingnews.com
''The terms of Bonilla's payment plan ensure that Bonilla will keep getting his $1.19 million-plus every July 1 until 2035. He'll be 72 years old by then, still rolling in the Mets' riches.''
Bobby Bonilla Day, explained: Why does the former Mets star get paid every July 1? | Sporting News Canada
The New York Mets and wasted money, a match made in heaven.
www.sportingnews.com
I'd argue that $1M for the Mets per year is a drop in the overall bucket, and it got them out of Bonilla's bloated contract back in the day. Its a win-win for both parties. And, because MLB doesn't have a salary cap, it really doesn't affect them.Bobby Bonilla wins this one hands down.
''The terms of Bonilla's payment plan ensure that Bonilla will keep getting his $1.19 million-plus every July 1 until 2035. He'll be 72 years old by then, still rolling in the Mets' riches.''
Bobby Bonilla Day, explained: Why does the former Mets star get paid every July 1? | Sporting News Canada
The New York Mets and wasted money, a match made in heaven.
There have been a few terrible contracts in the NHL, Rick DiPietro comes to mind. Signed for big money than sucked harder than a hoover...and got injured so frequently they had to buy him out....
Is this an update to an earlier thread on the same subject?
(11) Worse MLB Contracts | Toronto Escorts Review Board Forum | Terb
(11) Worse MLB Contracts | Toronto Escorts Review Board Forum | Terb
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The Bobby Bonilla one is more comical than terrible.Bobby Bonilla wins this one hands down.
''The terms of Bonilla's payment plan ensure that Bonilla will keep getting his $1.19 million-plus every July 1 until 2035. He'll be 72 years old by then, still rolling in the Mets' riches.''
Bobby Bonilla Day, explained: Why does the former Mets star get paid every July 1? | Sporting News Canada
The New York Mets and wasted money, a match made in heaven.
The buyout on the contract was only $6 million. They decided to defer that in an annuity over 35 years -- with an implied interest of 8% which is a bit high.
There are many contracts out there right now (or that have been out there since Bonilla) that teams would have been giddy to get away with a buyout of only $6 million -- especially baseball.
Basketball: Ben Simmons. $35 million this year, 7 pts a game and afraid to shoot. Next two years goes up to $38 then $40 mil. And reportedly a 15% trade kicker.
The subtitle of this thread should be "best agents in professional sports".
Bad contracts are more of an issue in sports with a hard cap where contracts are guaranteed (i.e. hockey and basketball). Although bad contracts have been commonplace in MLB (some examples already cited) they do not paralyse teams despite being very costly. Some teams with bad contracts and really deep pockets continue to contend after paying the luxury tax. Many NFL contracts are not guaranteed and can be weighted unevenly so as to be less impactful.
Most bad contracts in pro sports occur when an athlete signs a long term contact after the age of 30 and sometimes a few years before if the athlete has high mileage (playing style, injuries etc.). Of course there are exceptions, but most athletes peak in their mid/late 20s and decline at a steady rate after age 32 or so. If the contract contains more years after age 32 than before, there is a very good chance it will be considered a bad contract in the latter years. Long term contracts after several years of high performance usually turn out better than long term contracts after breakout seasons or career years around the age of 30 or later. How many folks now regret the Jays letting Marcus Simien and Robbie Ray go? Many did at the time, but the Jays braintrust knew what they were doing.
I consider the worst of the bad NHL contracts to be the ones for players earning $2 million more than their market value for 3 or more years, or $3 million more than market value for 2 or more years. This can include contracts for very good players. A really good player with a cap hit of $11 million has a bad contract that hampers his team's chance of winning the Cup if his market value is around $8 million a year. Sure he is a good player but with his contract he is not helping his team. To date, teams with one or more players earning $10 million or more per season have not won the Cup. It will happen eventually but it require others on the team to overachieve or play above their pay grade, and maybe even a few lucky bounces and favourable calls along the way. The cap is around $82 million for 20 players. It's tough to put together a deep team that can win 4 playoff rounds if one or more individual players earn 1/8 of the payroll.
Most bad contracts in pro sports occur when an athlete signs a long term contact after the age of 30 and sometimes a few years before if the athlete has high mileage (playing style, injuries etc.). Of course there are exceptions, but most athletes peak in their mid/late 20s and decline at a steady rate after age 32 or so. If the contract contains more years after age 32 than before, there is a very good chance it will be considered a bad contract in the latter years. Long term contracts after several years of high performance usually turn out better than long term contracts after breakout seasons or career years around the age of 30 or later. How many folks now regret the Jays letting Marcus Simien and Robbie Ray go? Many did at the time, but the Jays braintrust knew what they were doing.
I consider the worst of the bad NHL contracts to be the ones for players earning $2 million more than their market value for 3 or more years, or $3 million more than market value for 2 or more years. This can include contracts for very good players. A really good player with a cap hit of $11 million has a bad contract that hampers his team's chance of winning the Cup if his market value is around $8 million a year. Sure he is a good player but with his contract he is not helping his team. To date, teams with one or more players earning $10 million or more per season have not won the Cup. It will happen eventually but it require others on the team to overachieve or play above their pay grade, and maybe even a few lucky bounces and favourable calls along the way. The cap is around $82 million for 20 players. It's tough to put together a deep team that can win 4 playoff rounds if one or more individual players earn 1/8 of the payroll.
Add Madison Bumgarner to this list.
Bumgarner was signed to a five-year, $85 million free agent deal prior to the 2020 season, and he finished his tenure in Arizona with a 15-32 mark and a 5.23 ERA in 69 starts. The D-Backs still owed him $34 Million when he was DFAed last week.
Bumgarner was signed to a five-year, $85 million free agent deal prior to the 2020 season, and he finished his tenure in Arizona with a 15-32 mark and a 5.23 ERA in 69 starts. The D-Backs still owed him $34 Million when he was DFAed last week.
