NBA's Worst Contracts

Kyle CrawfordContributor IIMarch 9, 2011

MIAMI, FL - NOVEMBER 29:  Gilbert Arenas #9 of the Washington Wizards looks on during a game against the Miami Heat at American Airlines Arena on November 29, 2010 in Miami, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Mike Ehrmann/Getty Images)
Mike Ehrmann/Getty Images

Remember when David Kahn signed Darko Milicic to a deal through the 2013-2014 season when Darko was about to leave the league?

Well, it inspired someone to make this video in honor of Bill Simmons.

However, Darko has been a pleasant surprise for the T-Wolves, and all of the following contracts make Darko's deal look like a stroke of genius.

Prepare to see my list of the worst contracts in the league.

When You're Bad, You're Bad.

5. Peja Stojakovic
The Mavericks (Peja's current team) are paying him just under $800,000 for his services for the team. The terrible part is he still remains on the Toronto Raptors payroll.
Stojakovic is the Raptors' highest paid player, earning over $14 million on the last year of his deal.
To examine this situation more in depth, he played a total of 22 minutes for Toronto this year, getting paid over $1,000 for every SECOND he spent on the court.
However, he will be off the Raptors' payroll this year, which was part of their plan; this deal was just too bad not to mention.

4. Jermaine O'Neal
Danny Ainge, what were you thinking? Boston gave a big man who has missed at least 12 games in each of the past seven seasons a two-year deal worth nearly $12 million total. How has O'Neal repaid the Celtics?
By playing in just 17 of the Celtics' first 61 games due to a knee injury. On top of that, he's going to miss at least four to six more weeks before returning to the lineup.
Danny Ainge would have been better off signing himself than O'Neal. (Not to mention the other O'Neal. Which is a topic for another post; how are the C's gonna win a championship with Big Baby, O'Neal, O'Neill and Kristic?)

3. Joe Johnson
Remember the Summer of 2010, the summer of LeBron's decision, the summer Dwayne Wade, Amar'e Stoudemire and Chris Bosh all signed free-agent deals?
Well, don't forget that Joe Johnson took home more money than any of those guys over the summer.
The Hawks doled out a six-year, $119 million deal to a superstar who hasn't left the second round of the playoffs since being traded to Atlanta. 
The Hawks will be kicking themselves when they are paying a 34-year-old Joe Johnson upwards of $24 million in the 2015-2016 season.
Atlanta, I hope you truly enjoy mediocrity.

2. Rashard Lewis
According to, Rashard Lewis is the second highest-paid player in the NBA during the 2010-2011 season, behind only Kobe Bryant.
Lewis is putting up 12.7 points and 5.5 rebounds for the Wizards who acquired his contract in a trade with the Magic earlier this season.
Lewis still has two years left on his contract, in which he will make nearly $46 million.
Lewis has never averaged more than 22.4 points per game, and the 31-year-old forward is on a swift decline.

1. Gilbert Arenas
Six years, $111 million was the deal the Washington Wizards tossed Gilbert Arenas after the 2007-2008 season.
Over the next two years, Arenas played in just 34 games due to injuries he had sustained and for keeping unloaded firearms in the Wizards locker room.
Arenas, who once showed flashes of being a true superstar, is averaging just 7.9 points per contest since becoming a member of the Orlando Magic earlier this season.
Arenas is signed through the end of the 2013-14 season, as long as he decides to pick up his player option at the end of next season.
(It's a safe bet he'll pick up that player option, because nobody will be willing to pay Arenas $7 million, much less than the $21 million he would be making.)

Honorable Mention: Luke Walton, Elton Brand, Travis Outlaw

All data according to

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