NBA commissioner David Stern announced this past week that he wants to slash the NBA's payroll by 700 million dollars. It's quite clear the NBA has become a bad investment for most owners who have acquired a team in the last decade, or who are in smaller markets.
Like Microsoft in the 90's; the NBA had it's own boom that was a direct result of Michael Jordan. During this time, the NBA became a money making machine for owners. Based on this success, players began to be compensated based on potential talent or two-three years of good play.
In the NBA, first round picks are guaranteed money and all other contracts negotiated in free agency are guaranteed contracts which is unlike football.
Over the last decade we have seen a spending spree by multiple owners putting pressure on smaller market teams to compete. This has caused an irrational allocation of money on average players or even great players who have underperformed once given a large contract.
Former second pick overall turned bust Darko Milicic, signed a four year 20 million dollar deal this past off-season with the Minnesota Timberwolves. Darko is entering his eighth NBA season, while playing on his sixth different team. Darko won't crack this top ten, but is a classic example of a player being over payed.
So sit back, relax and enjoy as we dissect the NBA's top ten most overpaid players.