1. Alex Rodriguez, New York Yankees
Apr 3, 2013; Bronx, NY, USA; New York Yankees infielder Alex Rodriguez before the game against the Boston Red Sox at Yankee Stadium. Mandatory Credit: William Perlman/THE STAR-LEDGER via USA TODAY Sports
The absolutely ridiculous $275 million contract extension is a product of baseball’s lack of a salary cap. Alex Rodriguez was, to be fair, once the best player in baseball, but recently injuries, age and a steroid scandal have caused his play to deteriorate to barely above average amongst third basemen in the league.
To give you an idea of how vastly overpaid A-Rod is, he played what most people would call abysmal baseball last season, and now at age 37 isn’t fairing much better. However, he will still continue to collect over $27 million a year until he is 42. How bad is he going to be when his ludicrous contract reaches maturity? Only time will tell, but it won’t be pretty.