Category Archives: Contracts
The Edmonton Oilers announced today via Twitter (because who needs to deal directly with the press?) that head coach Tom Renney’s contract would not be renewed. This comes after back to back losing seasons, though the 2011-2012 season did show a twelve point improvement.
Renney joined the team with Pat Quinn as head coach for the 2009-2010 season. Quinn was relieved of his coaching duties after one season. No candidates have been named for the new head coach.
Who do you think should be the next Oilers head coach? Vote below!
A month into a ten year deal and people are already calling Albert Pujols a bust in Anaheim. We’ve quickly forgotten his slow start last year (albeit not this slow) and have decreed it was all smoke and mirrors. The Pujols we thought we knew no longer exists, and the Angels are on the hook for nine more years after this. This should come as no surprise, since the Angels have a history of locking up players to bad deals. Vernon Wells, anyone?
But bad deals are not new territory, so here are a few of my favorites from around the world of sports.
Barry Zito – San Francisco Giants
While recent performances have at least shown Zito to once again be a competent pitcher, let’s not forget what he was supposed to be when San Francisco signed him: an ace. A major free agent signing, Zito was stolen away from Oakland at the promise of giant sums of money. Particularly, $126 million over the course of a six year deal.
Now everybody thought the curveballer would easily translate his over .600 winning percentage in Oakland into a World Series title. Instead, he flat out bombed to the point where the Giants were hesitant to even start him. His tenure in San Francisco has been marred by movements from the rotation to the bullpen and back again. He hasn’t had an ERA under 4.00, and his win-loss percentage sits at a miserable .415. Ironically, he was a member of the team that finally brought a World Series title to San Francisco. But, by that point, he was an after note to stars Tim Lincecum and Brian Wilson.
Rick DiPietro – New York Islanders
Not one to be outdone by anybody, New York Islanders goaltender Rick DiPietro out-ridiculous’d even the ridiculousness of Islander’s forward Alexei Yashin’s 10-year contract. In 2006, with one full NHL season under his belt, the budding star signed a 15-year, $67.5 million contract. When I say budding star, I mean a highly touted prospect that had shown he was at least qualified to back-up in the NHL with a 3.02 GAA and a .900 save percentage.
Since the signing, DiPietro has gone on to start 168 games over the course of six seasons. Ignoring even the middling numbers (his save percentage hovers around .900 for the most part), the biggest issue is he can’t stay healthy. In the last five seasons his highest game total is 26. Every other season in those five he hasn’t cracked the ten game mark. Because of that albatross, the Islanders haven’t been able to commit to a strong, young goaltender in their system. Instead they’ve been relying on other teams cast-offs, like Al Montoya, and stealing away returning KHL netminders, like Evgeni Nabokov.
JaMarcus Russell – Oakland Raiders
It’s tough to be a proud franchise in one of the longest droughts of mediocrity on record. Being in that position can force your hand and lead to some poor decision making. That’s what can be said for the Oakland Raiders in 2006 when they made quarterback JaMarcus Russell the number one overall pick in the entry draft.
Let’s be clear: the pick isn’t the issue. While JaMarcus wouldn’t have been my number one pick, Brady Quinn hasn’t exactly turned into an NFL superstar either. The Raiders, who had been languishing since the career ending neck injury of QB Rich Gannon in 2004, needed the strong armed quarterback to lead the team. So, bottom line: the Raiders thought Russell was their man and we can’t fault them for that. What we can fault them for is the massive contract they have to an unproven player.
Russell was in the middle of a crybaby holdout when the Raiders caved and signed him to a six year deal worth $61 million, $32 million of which was guaranteed. Russell proceeded to show up out of shape and flame out in the NFL until his release from the Raiders in 2010. The contract hangs around the organizations neck until next season, even though Russell is technically off the books.
Three proud franchises, three terrible contracts. Personally I don’t think anyone should ever get a deal over five years, and most players should never get a deal over three. But that’s just my opinion, what are your thoughts? What are the terrible deals that are hampering your club right now? Leave your thoughts in the comments below!
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