It's Official: Dennis Schroder Just Lost $78 Million Dollars; "He'll Be Labeled A Mid-Level Guy Now"

He was offered a 4-year, $84 million dollar contract by the Los Angeles Lakers this past season. Now, he's officially signed a 1-year, $5.9 million dollar deal with the Boston Celtics. Dennis Schroder has just made the biggest miscalculation in NBA free agent history.

Dennis Schroder, turns dwn 4yrs 84 mil guaranteed from the Lakers only to accept 1yr 5.9 mil from Celtics. He should fire his agent or himself, but someone must go. Talk about fumbling a bag. 🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️

— shannon sharpe (@ShannonSharpe) August 10, 2021

NBA Front Office Insider Bobby Marks said on NBA Radio on SiriusXM Wednesday morning that he doesn't feel that Schroder will ever recoup that lost money.  "Dennis Schroder is going to be labeled as a 'mid-level' guy now... He'll be labeled as an $8-$10 million dollar guy going forward. It's going to be very hard for him to recoup that, and I don't see that happening."

As for why this happened to Schroder, there are a couple of things at play. First, as Marks says, "he was the last of the high-level point guards standing... The market just caved on him."

Secondly, he likely scared off potential suitors with his very public offerings that he was looking for a contract north of $100 million. He may very well have priced himself out of the market. 

And a final warning from Marks:

It's a lesson to be learned that when you get that blank cheque in front of you—which in this case was $84 million dollars—sometimes it's better not betting on yourself. Take the guaranteed money.

And before anyone feels sorry for Schroder, as Marks also pointed out, we all need to keep in mind that he has made $69.5 million dollars in his career. He'll probably still be able to put food on the table. 

Photo Credit: Robert Hanashiro-USA TODAY Sports