While the more sepia-toned descriptions of baseball as a sport tend to involve apple pies, mom, peanuts and Cracker Jack, cornfield ghosts and bald eagles gliding to catch a trout, baseball is, in fact, a business. And a pretty good one, with around $9 billion in revenue in 2014. Given that players earn a lot of that money -- which makes sense considering we pay to watch Giancarlo Stanton hit a baseball rather than see Marlins owner Jeffrey Loria sign a check -- very few discussions of player value are completely independent from any salary consideration. Baseball salaries catch headlines, and nine-digit contracts have the potential to bring in serious wins for a franchise in the right condition. As anyone who follows baseball knows, a number of these contracts turn out quite terribly, with results ranging from a distraction at best to something that hamstrings the team for years in the worst-case scenario.
Every year, we catch up on the worst contracts remaining in baseball with the computerized assistance of the ZiPS projection system -- here is last year's list -- and it's time for an update. Below are the 10 worst contracts based on the difference between dollars remaining in the contract and the estimated dollar value of projected performance remaining (assuming $6.6 million for 2016 with 5 percent growth a year afterward).