NBA free agency: 30 worst free agent signings in NBA history
Worst free agency signings in NBA history: 27. Peja Stojakovic, New Orleans Hornets
Peja Stojakovic would have had a better run with the then-New Orleans Hornets had it not been for a bad string of injuries. Prior to his arrival in New Orleans, Stojakovic lit it up from behind the arc for the Sacramento Kings from 1998 to 2005 before joining the Indiana Pacers during the 2005-06 NBA season.
He made three NBA All-Star appearances with the Kings, while putting up 18.3 points, 5.0 rebounds and 2.0 assists per game across 518 contests. He shot 39.8 percent from 3-point range, while average 2.1 3-pointers per game through eight seasons in Sacramento.
He became a restricted free agent with the Pacers during the 2006 NBA offseason. It was clear they wanted to deal him at the age of 28. The Hornets wasted little time answering the call, acquiring him in a sign-and-trade that would pay him $64 million across five seasons.
The first year into his deal though, Stojakovic missed 69 games due to a back injury. He did manage to put a career-high 42 points in his 13 appearances that season, but it was clear his body was wearing down.
In 2007-08, he did manage to appear in 77 games, but his production dropped to 16.4 points per game, though he still made 44.1 percent of his 3-pointers. Each year after that, his production continued to decline. In his final season with the Hornets, he put up 12.6 points per game, his lowest total since the 1999-00 NBA season.