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The 7 Worst free agent signings in New York Knicks history

By Desmond Novack

New York Knicks center Joakim Noah Mandatory Credit: Andy Marlin-USA TODAY Sports
New York Knicks center Joakim Noah Mandatory Credit: Andy Marlin-USA TODAY Sports /
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Allan Houston of the New York Knicks Mandatory Credit: Ezra O. Shaw /Allsport
Allan Houston of the New York Knicks Mandatory Credit: Ezra O. Shaw /Allsport /

4. Allan Houston, 6 years, $100 million

Just like Stoudemire, it really hurt to put Houston on this list as he is responsible for some of the most legendary moments in Knicks’ history. However, this does not excuse just how horrid the contract he signed in 2001 was.

In fact, this contract was so abysmal, that the NBA literally created a one-time exception for teams to get off of bad contracts in 2005 based on this deal. Houston certainly wasn’t an awful player while under this new, expensive contract, but nowhere near worth $16 million a season.

During his four seasons under this deal, Houston averaged 20.0 points, 2.7 rebounds, and 2.4 assists while shooting 43.8% from the field and 40.1% from beyond the arc on 4.7 attempts, so again, not the worst player, but not nearly worth the contract he was given.

Things got really bad for Houston when a number of knee injuries he sustained in the 2003-4 and 2003-5 seasons caused him to eventually retire in October of 2005 at the age of 34. While he likely didn’t have many productive years left in him anyways, it was still tough to see the Knick legend go out the way he did.

Houston will always be remembered for his heroics in the Knicks’ incredible 1999 finals run. However, something he will sadly also be remembered for is this horrific contract he signed to end his career in New York.