5 Worst Contracts Handed Out in NBA History

#1 Chandler Parsons(Memphis Grizzlies): 4 Years, $94 Million

Chandler averages around 7 points per game in the 2 seasons with Memphis

When Memphis offered Chandler this outrageous deal, he had never appeared in an All-Star game and had never averaged more than 16.6 points per game in his career. On top of possessing average scoring abilities, he had also missed the end of both the 2015 and 2016 seasons due to knee surgeries.

Even if he had replicated what he had done for the previous four years, it would've been a bad contract, but what later transpired made it one of the worst contracts ever to be handed out in NBA history.

Owing to his continued knee issues, Parsons has appeared in just 70 games(34 & 36 respectively) over the last two seasons, averaging 6.2 & 7.9 points per game respectively and will turn 30 years old on October 25 of this year.

By handing this contract out, Grizzlies made Parsons the 15th-highest-paid player in the league for the 2016-17 season and if that wasn't enough they committed to increasing that salary by roughly $1 million per year over the subsequent three years.