Smith, Fielder contracts among ESPN's worst dead-money deals
Two of Detroit’s worst contracts made it onto ESPN.com’s list of the 20 worst dead-money contracts, compiled by Darren Rovell.
Former Piston Josh Smith is eighth at $36 million. Smith, who plays for the Clippers, is getting paid by the Pistons through 2020.
“Smith signed a four-year, $54 million contract with the Pistons before the 2013-14 season,” Rovell wrote. “When things weren’t working out, the team couldn’t find anyone who would take on Smith’s salary, so they released him in December 2014 while still owing him $10 million for that season and more than $25 million over the next two seasons. Payments will be stretched out through 2020.
Prince Fielder is 18th. The Tigers’ first installment of the $30 million they owe the Rangers is due next year.
“With seven years and $168 million left on Fielder’s enormous nine-year deal, Detroit traded the slugging first baseman to the Texas Rangers for Ian Kinsler, with one condition: The Tigers had to send a boatload of cash, too,” Rovell wrote. “The $30 million the Tigers gave the Rangers to take Fielder off their hands so early in the deal is one of the largest investments a trading team has ever made to get rid of a player.”
No. 1 is former Notre Dame and Kansas football coach Charlie Weis.