Ranking the 10 worst contracts in NBA history
3. Chandler Parsons (3 years, $94 million)
Chandler Parsons had made a nice little career in the NBA for himself playing for the Dallas Mavericks. As a perennial 15-points-per-game and five-rebounds-per-game player, it wasn’t shocking that other teams would be interested in him when his time in Dallas ran out — although Parsons was coming off of knee surgery.
What was shocking, however, was that the Memphis Grizzlies wanted to sign him for four years and $94 million. Parsons immediately went to the Grizzlies and turned those 15-5 stats into 6.2 points per game and 2.5 rebounds per game, making this contract a massive failure almost immediately.
Chandler Parsons remained plagued by injuries throughout the rest of his career. And his productivity on the Grizzlies remained a fraction of what it was on the Mavericks. He was eventually moved to the Atlanta Hawks, where he only made appearances in five games, and was sadly in a serious car accident leading to further injuries.