Ah … the folly of baseball owners and their big piles of cash.
…Worst contract for a player: Ricky Williams (Saints, 1999)
Seven years, $68 million potential value, $8.8 million guaranteed
With rapper Master P serving as his agent, Williams signed a historically dubious contract with the Saints, even though New Orleans had little leverage, having just traded its entire draft to Washington for the chance to select Williams No. 5 overall. The deal called for Williams to earn the minimum base salary each year of the contract, and it was heavily weighted on incentives which were difficult to achieve. Williams earned $3.8 million his rookie season. Conversely, Edgerrin James, who was selected one pick before Williams, earned $14.8 million as a rookie. The Saints also were allowed to exercise an option for an eighth season at no cost simply by sending a letter of intent. The man who was the subject of our favorite Brent Musberger call deserved better. Worst coaching contract: Steve Spurrier (Redskins, 2002)
Five years, $25 million
Washington lured Spurrier from the college…
Read the rest here:
The Worst Contracts Throughout Baseball History
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