4. Jason Schmidt
And Luis Gonzalez, and Mike Lieberthal … the whole press conference, really.
Just look at Jason Schmidt up on that podium. After starring as a San Francisco Giant for five and a half seasons, the Dodgers were extremely ready to pay for his age-34 campaign and the two more that followed, offering the burly change-of-speeds right-hander a three-year, $47 million deal that he accepted with aplomb.
Only one problem: Schmidt forgot to tell the Dodgers he was cooked.
Coming off his final All-Star season in San Fran (11-9, 3.59 ERA in 213.1 innings), Schmidt was all smiles on the day of his introduction, but rarely brought that joy to the mound in the ensuing three years.
In fact, he rarely brought anything to the mound, making just 10 starts combined, all coming in 2007 and 2009, when he rounded out his career with a 5.60 ERA in 17.2 innings pitched. Here’s the kicker: we’d like to say you can’t fault the Dodgers for a deal that ended with a catastrophic injury, but … they knew Schmidt had a severe rotator cuff problem, and they didn’t care!
Now that’s how you end up on a “worst contracts” list, no matter the decade. Add in the Giants keeping the upper hand here, and it’s official.