The New York Knicks are not strangers when it comes to handing out bad contracts- think Jerome James, Eddie Curry and Stephon Marbury just to get you started.
However all those problems were thought to be long gone once Isaiah Thomas left town, but maybe that isn’t exactly the case.
ESPN recently did a breakdown of the worst contracts in the NBA and the five years, $99.7 million contract that Amar’e Stoudemire signed in the summer of 2010 is at the top of the list. Stoudemire actually ranks second on the list behind Gilbert Arenas and right in front of Brooklyn’s Joe Johnson. Despite not being in the NBA, Arenas makes the list because the Orlando Magic are still paying what is left on his ridiculous six year, $111 million contract.
But of all of the active NBA players right now, Stoudemire’s contract ranks as the worst and it is hard to argue.
The Knicks signing of Stoudemire reeked of desperation from the outset; after striking out on LeBron James in 2010’s free-agent bonanza. The Knicks needed to overpay so they didn’t come away empty-handed and that is what they did.
Now it’s wreaking all types of havoc on New York’s finances. Things started well, with Amar’e looking like an MVP candidate early in 2010-11, but now he can’t stay on the court — which, given his diminishing skills and the fact that he blocks Carmelo Anthony at the 4, actually turns into a huge problem for the Knicks.
You aren’t going to sit a $100 million man on the bench; instead they are going to keep plugging away at trying to make it work, even if it likely never will.
It’s sad to see because Stoudemire is a fan-favorite and is the guy that got the whole thing turned around.
He’s the one that wanted to come to New York, when none of the other big names wanted to.
But in the NBA, with only 15 players under contract, it is hard to contend with a $100 million bad contract and unfortunately, that’s what Stoudemire’s deal has become.
He can’t be traded. No one in their right mind will touch his broken down body with over $60 million remaining.
He’s not an amnesty candidate- the Knicks already used that on Chauncey Billups.
As important as it is that they players perform, it is equally as important that the front office performs well. In this day and age, you just can’t get around bad contracts and right now, Stoudemire’s is as bad as it gets.
But the good news for Stoudemire and Knicks fans is that he has three years to try and prove he was worth the big money.
Here’s hoping he can at least stay on the court. That’s step one.
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