Former WWE star CM Punk (Phil Brooks) signed a contract with the UFC in 2014. The promotion’s logic was that the pro-wrestler would bring casual eyes to their events. It took Punk two years to make his UFC debut as he prepared for the event. Finally, he took on Mickey Gall and lost by rear-naked choke. But Punk made about one million dollars from the event.
His take-home pay and endorsements were worth a lot of money. This meant that he was earning thousands of dollars for every minute he spent in the cage. Punk only fought once more but couldn’t get an elusive win. He suffered a miserable, crushing defeat to Mike Jackson in 2018. In the end, fans called him one of the worst fighters in the history of the promotion.
Culpepper an outstanding season in his NFL career. In 2004, he broke the 4,000 passing yard mark and threw 39 touchdown passes in the most productive year of his time in Minnesota. There is always an element of risk in extending a player’s contract if they’ve only had one great season. But the Vikings believed that Culpepper had broken through a ceiling.
He signed a 10-year contract worth $102 million dollars. Unfortunately, it all went downhill again after that. Needless to say, the Vikings traded him after one more season. Furthermore, this left them with a ton of dead-cap money. He was earning money from the Vikings while playing in Oakland and Detroit. It was a disaster of a contract.
The Boston Celtics love to waste money. Hayward and his agent exploited this to their benefit when he signed a contract with the franchise in 2017. After an All-Star season with the Utah Jazz, Hayward used his momentum to pen a massive deal. His four-year contract was worth about $128 million. Then, it was too bad for Boston that he broke his leg soon after.
In short, it’s not easy to play basketball with a broken leg. Even when Hayward returned, he didn’t feature very often for the team. It wasn’t Hayward’s fault but the fact was that he was earning a lot of money for doing very little. Meanwhile, things became even crazier when the Celtics made him a part of a sign and trade deal with Charlotte. This was worth another cool $100 million.
Wentz suffered one of the most bizarre deteriorations in recent NFL history. The former Philadelphia Eagles quarterback won a Super Bowl with the franchise. After this season, the top brass decided to extend his contract. However, in 2020, his numbers went completely off the cliff with career-lows across the board. These included 15 interceptions, the worst total in the NFL. Meanwhile, he was earning multiple millions of dollars.
By the end of the season, Jalen Hurts was the Eagles’ starter. Finally, the Eagles traded him to the Colts in exchange for a couple of picks. But they suffered a massive amount of dead-cap money in the process. His four-year deal was worth $128 million but he only spent one season of it with Philly. In the end, the franchise became a joke and Wentz was the punchline.
Silva found himself in a similar position to Overeem. However, the Brazilian icon was one of the greatest fighters ever during his heyday. Insanely, he continued competing in MMA until he was 45. But while he had one of the biggest contracts in the sport, he suffered a major decline. Silva has the record for most consecutive wins in UFC history but that is in the past now.
Younger fans don’t recall his spell-binding wins. Instead, they focus on the fact that he lost seven of his last nine fights. This may seem unfair, but it is the reality of professional sports. Unlike Alistair Overeem, the UFC didn’t cut Silva. But they mutually agreed to end their relationship after Silva’s final contract expired. In the end, it was the right thing to do for both parties.
Reeves is a Grizzlies’ cult hero. Many NBA fans regard him as a bust but his first three seasons for Vancouver were decent. The seven-footer had a massive and imposing frame to match his height. Unfortunately, his weight continued to balloon as his time in the league progressed. ‘Big Country’s’ displays for his franchise impressed them and convinced them to offer an extension.
And that’s where it all went wrong for them. The gigantic center put pen to paper on a six-year extension worth $61.8 million. That’s a lot of money for a farm boy from Oklahoma. However, his form deteriorated and he had fitness issues despite earning millions of bucks. It’s a shame because he had so much potential but now people remember him as an expensive mistake.
Coutinho was electrifying for Liverpool, where he was their star player. The Brazilian’s form convinced Barcelona to drop $150 million dollars on him. Meanwhile, they agreed to pay him a whopping $20 million per year. But things didn’t go well for the attacking midfielder at the Camp Nou. He didn’t fit in and soon found himself on loan in Germany with Bayern Munich.
But Barcelona was still paying him a crazy salary. It’s fair to say that he wasn’t exactly earning his money because he was featuring for another team. Then, they had to give Liverpool an extra incremental payment. This was because he met a Champion’s League appearances total. Their agreement didn’t specify that he had to make those appearances for Barcelona. However, he was still under contract so they had no choice.
Wall is clearly a very good player, but it’s too bad that the Wizards didn’t get the best of him. While he is elite on his day, Wall simply didn’t have enough days. He missed the entire 2019/20 season after he ruptured his Achilles tendon in his own home. Meanwhile, he was still earning millions of dollars from the injury list. It was even more disappointing because he missed a chunk of the previous season with knee problems.
Rubbing salt into Washington’s wounds was his four-year, $170 million extensions. In the end, he only played for two-and-a-half seasons of it while remaining under contract for the rest. It was a disastrous deal for the Wizards because they weren’t able to maximize his productivity. Finally, they traded him to the Houston Rockets in exchange for Russell Westbrook.
Haynesworth was magnificent for the Tennessee Titans. After back-to-back Pro Bowl seasons, he became a free agent. The Washington Redskins were desperate to sign him and duly did so. They successfully lured him with a seven-year contract worth $100 million. However, this proved to be one of the worst deals in the history of the franchise. Considering it was the Redskins, that’s horrendous.
But Haynesworth lost his drive and enthusiasm for football as soon as he put pen to paper. His weight ballooned like a polar bear before winter. Meanwhile, his attitude stank worse than a frat house after a party. Unfortunately, Haynesworth was still earning millions of dollars. Eventually, Washington shipped him off to the Patriots but the damage to their accounting was done.
Sanchez was electrifying for Arsenal after they signed him from Barcelona. However, the Chilean forward soon realized that he was never going to win anything meaningful with the London club. Manchester United showed interest in him and he responded enthusiastically. But it didn’t go well. In fact, Sanchez told the Sun that he wanted to return to Arsenal after his first practice in Manchester.
However, at least he made a lot of money. United paid him over $500,00 per week including image rights and bonuses. Things became worse and eventually, the club accepted that they weren’t going to get the best out of him. So they shipped him out on loan to Inter Milan. While the Italians paid a loan fee for this privilege, United was still on the hook for the wages he was earning there.
On the face of it, Simmons has elite credentials. The former NBA Rookie of the Year was a three-time All-Star by 2021. But he received a lot of heat from Philadelphia fans because he didn’t deliver when it counted. They needed him to be a clutch player but he didn’t have that in his locker. The 76ers star had a dire display against the Atlanta Hawks in the Eastern Conference semifinals where his offense was at its worst.
First, he was afraid to shoot and wasted vital opportunities to score. Then he missed easy chances, especially in Game Seven. Across the seven-game series, he attempted just three shots in the fourth quarter. He went missing when the team needed him to stand up and be counted. Philly fans are an unforgiving punch and Simmons felt the heat on social media.