With respect to popularity, the NBA Draft trails only the NFL Draft as a sporting event/spectacle. As such, it seems logical to focus on the NBA for my second compilation of Top 10 Busts. Regardless, the main reason for creating this particular countdown relates to the featured image. In particular, it shows my ticket stub to the 1991 NBA Draft. To date, that draft remains the only one I have ever attended in person. While I don’t provide any insight about a specific bust in this post, I offer some foreshadowing for future posts. As an enticement, there’s also a link to a classic Seinfeld clip regarding political incorrectness.
If you’re like I am, you probably have heard of the Ted Stepien Rule but know little about the man or the rationale for the rule. As an owner of the Cleveland Cavaliers in the early 1980s, Ted Stepien made numerous boneheaded trades. The one garnering the most attention involved giving up the draft pick which resulted in 1982 #1 overall selection James Worthy. In all, Stepien traded five early first-round picks from 1982-1986 without getting anyone of value in return. His seemingly irrational decisions decimated the team. In response, the NBA enacted a rule prohibiting any team from trading away first round picks in consecutive drafts. Ergo, the Ted Stepien Rule.
Just like Brendan Fraser, Warren Beatty earned the dubious distinction of starring in more than one Top 10 Box Office Bust. While the term “star” may have applied to Fraser for a fleeting moment, it most certainly has applied to Beatty for decades. Still the Hollywood legend failed miserably with Ishtar (1987) and Town & Country (2001). Coming in at #10 in my countdown, Ishtar may be a more well-known fiasco. However, I consider Town & Country more bust-worthy. Despite having a strong cast that included Diane Keaton and Goldie Hawn alongside Warren Beatty, the movie didn’t work. In particular, it only grossed $10 million at the box office. With an inflation-adjusted loss of $125 million, Town & Country certainly earned its spot as the #5 Bust.