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| Phenom | Kingz | Dabatos | TonySelf | Tha Q | Half Breed | Tito | 7th End | RV Radio  |
04-14-05, 01:09 AM
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#1
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7 transactions that BACKFIRED
IP:
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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