Last year's NBA lockout was supposed to curb the amount of overplayed players in the NBA.
But just four days into free agency, NBA teams are doing the same things they've always done — throwing bags of money at bench players, offering max contracts to second-rate centers, and ruining their cap space with a wide array of short-sighted moves.
We went through and ranked the 10 most egregious contracts of the summer so far.
All in all, they add up to a grand total of $291 million in wasted cash.
The usual teams are on this list (the Suns, Nets, and Raptors). But so too are some of the league's most respected franchises (the Celtics and Mavericks).
10. The Celtics re-up Kevin Garnett for $34 million over three years
Some thought KG might retire after getting bounced by the Heat in the Eastern Conference Finals.
But no, he's coming back and making a boatload of money.
This Celtics team is really, really old, and re-signing KG doesn't change that. They are going to wear down and get injured, just like they did this year.
9. The Mavericks signed 39-year-old Jason Kidd to a three-year deal worth $9 million
Jason Kidd looked finished last year.
In three years, he'll be 42-years-old, and the Mavs will still be paying him $3 million.
8. The Suns throw $34 million at Goran Dragic
On paper, this is an okay deal.
Dragic is a streaky scorer who can take over a game, and a lot of teams coveted him.
But the Suns just drafted a point guard in Kendall Marshall in the lottery. It doesn't make sense to limit his growth by paying big money to a guy who will expect to be the starter.
See the rest of the story at Business Insider
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