10) Anfernee “Penny” Hardaway – Signed by the Suns in 1999 for $84 million over 7 years
This was considered a great acquisition at the time as Penny was a two-time all-NBA First Team star. He had one decent season for the Suns, averaging over 16 points, 5 rebounds and 5 assists and was bit by the injury bug soon after. Penny never quite recovered and was shipped to the only team that would take on his inflated contract, the New York Knicks , along with Penny Hardaway for expiring contracts and some young talent that never panned out. While the trade seems one-sided, it gave them the cap space to sign Steve Nash and possibly Joe Johnson if they decide to match an offer made by the Atlanta Hawks .