Many times we hear of poor financial planning from the rich and the recent news have proved once again it's still in existence. Here is the story extracted out: In 1993, when he was drafted by the Milwaukee Bucks in the years before rookie-scale contracts, Vin Baker signed a 10-year agreement with the team. That deal included an opt-out after the sixth season, by which time Baker had made nearly $17.3 million. He then signed a seven-year, $86.7 million contract with the Seattle SuperSonics, though he chose to negotiate an opt-out settlement after five years in order to make himself a free agent, strangely negating the final two years of the deal. The smaller contracts Baker played on over his final few seasons put his official career earnings at nearly $100 million. ...