In addition to there being several types of max agreements variances depend on years of service, annual raise rates, and who’s offering the deal in the first place there’s rarely a consensus that the player receiving one of these designated deals deserves it.
For our purposes, we’ll confine the term “max” to mean the most years possible (either four or five under today’s rules but longer in the past) with the largest annual salary and raises permitted by the CBA.
Most importantly, we’re only considering contracts agreed to after the max label showed up following the ’99 lockout.
Arenas left $16 million on the table when he inked a six-year, $111 million contract with the Washington Wizards in 2008.
He logged only two contests in the first year of his new deal, missed 50 more games the following season and was then traded for Rashard Lewis and his own albatross salary.
Arenas agreed that his contract might have been the worst in NBA history, but it wasn’t a true max.