Raef LaFrentz: 7 years, $70 million (2002)
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A two-time All-American at the University of Kansas, Raef LaFrentz was the third overall pick by the Denver Nuggets in the 1998 NBA Draft. While LaFrentz did turn out to be an ok scorer in the NBA, including a career-high 14.9 points per game in 2001-2002, he wasn’t worth anywhere near the $70 million contract handed to him by the Dallas Mavericks in 2002.
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As if that wasn’t bad enough, after becoming a huge free agent bust in Dallas, Portland signed LaFrentz later in his career to a $13 million contract, which didn’t fare any better.
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