Worst Contracts in the NHL

Ryan O'LearySenior Analyst IJanuary 28, 2013

The 12-year NHL contract is a thing of the past, and it will never return. You're lucky men, Zach Parise and Ryan Suter.

In fact, one of the biggest reasons why fans suffered through such a lengthy lockout this year was because owners and organizations were crumbling under long and expensive deals.

Some players earn these deals, yet there is a growing contingent of players who are being handed wads of cash for very little in return.

The most obvious example of this disparity comes from up North, where Roberto Luongo, the once "chosen one" of the Vancouver Canucks, now serves as the backup, aka Maytag Repairman, behind Cory Schneider.

Luongo signed a 12-year, $64 million deal in 2010 when his stock had reached its apex. Now, it's a toxic asset with him riding the pine at the Rogers Centre.

The Canucks aren't the only ones mired with horrendous contracts, there are several other clubs begging for a mulligan.

Which clubs and which players are involved? Find out in this video!

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