Sometimes the best course of action is to do nothing. This is doubly true when the time comes to offer large sums of guaranteed money over the course of several years to players who might, or might not, deserve it. Sometimes these terrible decisions are the fault of no one. Injuries can play a large factor in a player’s career. Then again, some decisions are so egregious that they cannot be forgiven. For one reason or another, here are ten of the worst baseball contracts ever signed.
10 Mo Vaughn - Anaheim Angels (1999) - 6 Years, $80 Million
9 Russ Ortiz - Arizona Diamondbacks (2005) - 4 Years, $33 Million
8 Denny Neagle - Colorado Rockies (2001) - 5 Years, $51.5 Million
7 Darren Dreifort - Los Angeles Dodgers (2001) - 5 Years, $55 Million
6 Kei Igawa - New York Yankees (2007) - 5 Years, $46 Million
5 Barry Zito - San Francisco Giants (2006) - 7 Years, $121 Million
4 Mike Hampton - Colorado Rockies (2001) - 8 years, $121 Million
3 Carlos Silva - Seattle Mariners (2008) - 4 Years, $48 Million
2 Jason Schmidt - Los Angeles Dodgers (2007) - 3 Years, $46 Million
1 Alex Rodriguez - New York Yankees (2008) - 10 Years, $275 Million
Rodriguez actually opted out of his previous 10-year, $252 million deal to sign this one. At first glance it doesn’t look all that bad. Rodriguez posted some impressive numbers in the first three years of this deal. But A-Rod was 32 years old when this contract was inked and it was unreasonable to believe he’d continue to put up the gaudy numbers of his past. A-Rod’s stats began to decrease significantly in 2011, largely because of injuries. In fact, Rodriguez hasn’t played in more than 138 games since singing this deal. He constantly battled a wide variety of injuries and of course, there’s his implication in a PED scandal which has put him out for the entire 2014 season. Although he's losing $25 million this season, the Yankees are still obliged to fork over $5.9 million to him in salary and a signing bonus.
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