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15 Worst Contracts in American Sports History

10 of 21

7. Bobby Bonilla, New York Mets

Contract: $5.9 million buyout

When the Mets signed Bonilla to a five-year, $29 million deal in 1991, they made him the richest player in baseball. His time with the Mets would be tumultuous, but fairly productive. It was when he came back to the Mets in 1999 that things went straight downhill. He spent most of the season arguing with manager Bobby Valentine, and at the end of the year the Mets decided to buy out his contract. However, instead of paying him a lump sum of the $5.9 million they owed him, they decided to defer payment on the contract until 2011, and then pay him over a million a year for 25 years, assuming an interest rate of 8 percent. Therefore, the 47-year-old Bonilla is making almost three times as much money this year as starting Mets catcher Josh Thole. —Johnny Goodtimes (AP Photo)

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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