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Old 04-14-05, 01:09 AM   #1
YuNG TiLT
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7 transactions that BACKFIRED

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1- Vince Carter's guaranteed contract
Transaction: The NBA's Toronto Raptors gave Vince Carter a $94 million guaranteed contract
Result: Carter's value plummeted and Toronto traded him

The Vince Carter era in Toronto started with much promise, and ended with much bitching. Carter's career in Canada peaked in the 2000-2001 season, as he kept up an average of 27.6 points per game and led the Raps to within a shot of the NBA's Eastern Conference Finals.

The team amply rewarded Carter for his efforts, signing him to a six-year, $94 million contract extension. That's a lot to spend, but Toronto didn't get much in return. Frequent injuries began to sideline the Raptors star and when he did feel well enough to play, the effort was far from 100%. The media slammed him for being soft and passive, the fans grew bitter, and Vince seemed to get bitter right back.

During the 2004 off-season, Carter demanded a trade. From this point on, he mentally checked out. An injured Achilles tendon helped him to physically check out, too. It was clear that he didn't want to play for the team, and because his contract was guaranteed, there was no incentive for him to do so.

In December of 2004, the Raptors granted Carter his wish, sending him to the New Jersey Nets for Alonzo Mourning (who refused to dress for the team), Eric Williams (who later requested a trade in February of 2005), Aaron Williams, and two 1st-round draft choices -- in short, a terrible deal for Toronto.

Making it even worse was seeing Carter return to form in New Jersey. Over his first 30 games with the Nets, he knocked down 26.1 points per game, his best average since... 2000-2001.

Network execs can be just as dumb as GMs

2- MLB on CBS
Transaction: CBS splurged $1.1 billion on MLB broadcast rights
Result: Massive losses followed for the network and baseball teams alike

This deal, on the surface, seemed to be a win-win situation. In 1989, CBS paid MLB $1.1 billion for the exclusive rights to broadcast its games. Baseball commissioner Peter Ueberroth and team owners celebrated their sport's windfall, and CBS anticipated massive advertising revenues.

In this marriam owners blew their newfound riches quickly, and some teams' new spending habits almost sent them into bankruptcy. CBS didn't see nearly the income that they had hoped to, and ended up losing so much money on the deal that they actually asked MLB for help. The league, mired in money problems of its own, could do nothing to help.

3- The Herschel Walker ordeal
Transaction: The NFL's Vikings sold the farm to get Walker from Dallas
Result: The Vikes floundered while the Cowboys prospered

In trading for running back Herschel Walker, the Vikings thought they were getting a gem. Instead, they handed Dallas the keys to the NFL kingdom.

In 1988, Herschel Walker had run the ball 361 times, racking up 1,514 yards. On top of that, he caught 53 passes for 505 yards. The following October, the Vikings dealt for Walker, hoping that he was the missing piece to their Super Bowl championship puzzle. He didn't come cheap: Minnesota gave five players and seven draft choices to the Dallas Cowboys in return. Furthermore, Walker was in the fourth year of a five-year, $5 million dollar contract, which was worth $900,000 that year.

In Walker's first game in purple, he got 148 yards on 18 carries, leading his new team to victory against the Packers before a record Metrodome crowd. Walker's performance, however, really tailed off after that game. He gained only 521 yards over the remaining games of that season. The Vikings managed to make the playoffs, but were immediately blown out by the San Francisco 49ers in what would be the only playoff game during Walker's stay in Minnesota.

Dallas, on the other hand, did quite well by the Walker deal, using their newfound draft picks to select Emmitt Smith and Darren Woodson. Their sudden surplus roster allowed the Cowboys to deal for others who would be key contributors to the franchise winning three Super Bowls in four seasons.

4- Villeneuve turns down CART
Transaction: F1 driver Jacques Villeneuve passed on a $50-million deal
Result: Villeneuve was left struggling to find a secure job

Who in their right mind would turn down a $50-million offer? Racecar driver Jacques Villeneuve allegedly did just that. According to published reports, Villeneuve passed on a three-year, $50-million deal to race in CART for the 2003 season, and in Formula One for the surrounding two.

At the time of the offer, Villeneuve was on track to make $19 million over 2003. So, he and his agent Craig Pollock figured that a three-year deal should've been worth three times that amount, or $57 million. This demand brought negotiations to an end. Villeneuve has dismissed the reports as mere rumors.

The Quebec-born driver turned out to be a non-factor in 2003, as he continued racing in F1 for the BAR team. After being consistently outperformed by teammate Jenson Button, Villeneuve wound up leaving BAR and signing with Sauber.

A stupid decision of Olympian proportions
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Old 04-14-05, 01:12 AM   #2
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5- Lindros and his head
Transaction: The NHL's Philadelphia Flyers gave up $15 million and a wealth of players for Eric Lindros
Result: Lindros became both a headcase and a pain in the neck

Lindros was the hottest player in the junior circuit, and the now-defunct Quebec Nordiques pounced on him first in the 1991 NHL draft -- even though he had repeatedly warned that he would never play for them. Lindros proved that he meant what he had said by sitting out his debut season. In 1992, the Nordiques traded Lindros to the Flyers for Mike Ricci, Peter Forsberg, Ron Hextall, and $15 million.

Out of the gates, Lindros looked great. In his first season with his new team, he scored 75 points, ranking him third among all rookies. Over the 1993-1994 season, he scored 97 points. One year later, in a lockout-shortened season, Lindros was named the league's MVP.

The fruits of the Nordiques trade soon gave way to medical problems. Over the 1997-1998 season, concussions kept Lindros out of 18 games. His head issues would nag Lindros for the remainder of his time in the orange and black, even as he was making about $8.5 million a season.

Rather than reporting for the 2000-2001 campaign, Lindros held out and demanded a trade. After a vicious public battle between the player and Flyers' GM Bobby Clarke, the Flyers cut Lindros loose, sending him to the New York Rangers.

The Nordiques organization didn't survive for long enough to evaluate their end of the bargain, as the team moved to Denver and became the Colorado Avalanche. But they were definitely on track towards great things, as evidenced in the Avs' 1996 Stanley Cup victory and the evolution of Peter Forsberg into one of the league's greatest players.

6- NBC's Olympic Triplecast
Transaction: NBC offered Americans Olympic coverage on a pay-per-view basis
Result: Americans passed, en masse

NBC shelled out big money to broadcast the 1992 Summer Games from Barcelona, paying $400 million in licensing fees and an additional $100 million in production costs.

In an effort to recoup some of that money, the network came up with a novel idea. NBC offered viewers 24-hour, commercial-free Olympics coverage. However, what they dubbed the "Olympic Triplecast" was not available on regular, free TV. Viewers had to pony up $125 for this two-week long, pay-per-view extravaganza.

NBC's plan was a dismal failure. Viewers realized that it was pointless to pay for some events when they could watch others at no charge. NBC and Comcast, its partner in this misguided venture, lost 10s of millions of dollars.

Europeans aren't immune from bad calls, either

7- Morientes on loan
Transaction: Soccer team Real Madrid lent benchwarmer Fernando Morientes to Monaco
Result: Morientes ripped it up and helped Monaco bury his former team

The arrival of superstar striker Ronaldo to Real Madrid spelled trouble for Fernando Morientes, who suddenly found himself in the role of substitute -- even if he was still being paid like a starter. This turn of events combined with the injury of another player, Monaco's Shabani Nonda, to produce one of the oddest and stupidest deals in sports history.

Monaco needed a replacement for Nonda, and Real Madrid needed to dump the salary of the frustrated Morientes. The two organizations made what seemed like a logical deal for both, although it would eventually shift into one team's favor.

Morientes found new life in Monaco, becoming one of the top scorers in the Champions League. If this wasn't painful enough for the Real brass to watch, they were still paying two-thirds of Morientes' $5.5 million salary! The toughest blow of all came when Morientes' goals helped Monaco knock Real out of the 2004 Champions League, evaporating their chances at the championship title and the accompanying financial rewards.

Real continues to struggle today, while Morientes is starting for Liverpool after signing a contract worth roughly $11 million.

Question: What quarterback is often considered to have been the worst draft pick in NFL history?

Answer: The San Diego Chargers took Ryan Leaf second in the 1998 draft. He started only 18 games, and had a dismal passer rating.
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Old 04-14-05, 01:19 AM   #3
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Old 04-14-05, 11:48 AM   #5
YuNG TiLT
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i kno, i was to high to put it in my own words
but i couldnt give ya'll half the info neither
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Old 04-14-05, 12:06 PM   #6
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Word. Didn't read it, but I'm uppin this thread for you.
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