TheCount
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He had outplayed that contract.
We can say it looks bad in retrospect but we got Ratliff on the cheap on his first long term deal which he signed well before the rookie deal expired. If you want to keep getting guys on the cheap (e.g., Lissemore), you need to show that you will address deals if the player exceeds expectations.
There is no such thing as outplaying your contract, unless he plans to give back money now that he's not playing.
It was a terrible contract.