Advert

Dennis Schroder's Decision To Reject An $84 Million Lakers Extension Could Be The Worst Financial Decision Of All-Time

Published 
| Last updated 

Dennis Schroder's Decision To Reject An $84 Million Lakers Extension Could Be The Worst Financial Decision Of All-Time

Let's just preface this by saying that this could well go down as one of the worst financial decisions ever seen in sport.

But then again, it's not all about money, right?

Dennis Schroder's decision to reject a $84million (AU$114million) extension with the Los Angeles Lakers has backfired massively.

After snubbing the mega-money move to stay in LA back back in March, just a matter of months later and the 27-year-old has now signed a one-year, $5.9million (AU$8million) deal with the Boston Celtics.

Advert

To put that in perspective, he's making almost five times less in a year than what he would have earned if he signed on the dotted line with the Lakers.

It's understood Schroder, who averaged around 15 points and 6 assists per game last season, wanted $120million (AU$164million) to stay put in Los Angeles.

Well, it seems his estimations were well, well off.

Advert

Either Schroder is being poorly advised by someone in the background, or he rates himself way higher than what potential suitors do.

But on top of the financial implications of his decision, Schroder could also miss out on his best chance of winning a coveted NBA championship after the Lakers bolstered their star-studded squad with the addition of Russell Westbrook.

Dennis Schroder and LeBron James. Credit: PA
Dennis Schroder and LeBron James. Credit: PA
Advert

Even when the free agency period opened at the beginning of August, teams weren't exactly queuing up to pinch Schroder.

"I think he's in a state of shock because of what he's done," a source told the Boston Herald's Mark Murphy about the lack of interest Schroder was receiving.

But one team that did seem keen on signing the German-born guard was the Boston Celtics.

The cut-price deal means Schroder will have to settle for a salary far smaller than what he was hoping for just a matter of months ago.

Advert

And while his initial decision to decline a dream offer from the Lakers is one he might be regretting, it's not all bad news for him as he's still in the prime of his career in a team that has aspirations of winning a championship ring.

Featured Image Credit: PA

Topics: Basketball, NBA, Los Angeles Lakers, Australia

Max Sherry
More like this
Advert
Advert
Advert

Chosen for YouChosen for You

Football

Matty Cash Given New Name After Officially Receiving His Polish Citizenship

10 hours ago

Most Read StoriesMost Read

Football

Manchester United Are Considering SACKING Ole Gunnar Solskjaer

2 days ago