Former Laker Bets On Himself, Loses Over $70 Million With New Contract

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Dennis Schröder signed a one-year, $5.4 million deal with the Celtics yesterday, and while many of us would love to make $5.4 mill in one year, this deal actually shows just how dumb Schröder has been. The point guard recently turned down a four-year, $84 million contract extension with the Lakers just a few months ago.

Hard to feel sorry for an NBA player making $65,853 a game to play a sport that’s in decline, but losing $80 million doesn’t sound fun either. And just in case you were wondering who needs to be fired for this negotiations disaster, Jeff Austin serves as Schröder’s agent. I’m only trying to help.

Schroder averaged 15.4 points, 5.8 assists, and 3.5 rebounds on just 43 percent from the field last season, so it’s unclear why he ever thought he’d get a better deal than the one the Lakers offered him. If you’re an athlete who will never even be on a billboard at Footlocker, you accept a $21 million a year payday.

Even considering leveraging yourself into free agency like he did or “betting on yourself” is pure comedy at this point. The fact that no one around Dennis Schröder had the guts to let him know he’s not worth $84 million, let alone more in free agency, goes to show the guy needs new friends.

I should add that Schröder isn’t terrible. He was a menace defensively last year for the Lakers, which has a market, but not one north of $100 million. That’s what he was asking for, according to ESPN’s Adrian Wojnarowski, and it’s bad advice. He should have taken that bag and put a smile on his face.

Twitter had a field day at Schröder’s expense (I did, too)

Schroder now heads to Boston looking to reset his market for next off-season. He’ll likely land a long-term deal — it just won’t be for what he could’ve locked in months ago. Tough luck.

Written by Gary Sheffield, Jr

Gary Sheffield Jr is the son of should-be MLB Hall of Famer, Gary Sheffield. He covers basketball and baseball for, chats with the Purple and Gold faithful on LakersNation, and shitposts on Twitter. You can follow him at GarySheffieldJr


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  1. Curious now – if he had accepted the $84M deal, does that mean then the Lakers would not have been able to go for Russell Westbrook?

    So maybe he’s indecision/miscalculation was to Laker’s benefit to go after Russ.

  2. I think he assumed that the $84m offer would be there after exploring other options. He presumed the Lakers had no other options under the cap, which looked to be the case at the time. Everybody I knew was pretty shocked $84m was offered, and even moreso when it was turned down. Laker fans were offended.

    Has a player ever missed on his value more than this case? Apparently he had issues in the lockerroom in his only year with the Lakers. Auf Wiedersehen.

  3. Man I would have fired the shit out of my agent. What a terrible job. The only thing that can justify this if he wanted so badly to leave the lakers he was willing to lose a ton of money in the process, anything else is 100% on the agent. You don’t turn that down unless you know there is something better out there.

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