There are definitely other bad contracts in the NBA, SuperMax Jaylen certainly wouldn't be the worst.people keep saying this.... he won't make 60M until the end of the extension (2027-28). And the cap is going up. 50M next year for Jaylen is not going to be an albatross unless he goes full Klay. He'll be making 7M more than Zach LaVine (you think the Bulls wouldn't jump to make that switch even with picks?).
It'll be a big contract, but given skill, age, etc... easily tradeable, likely for real assets.
I do think the most likely scenario is being able to trade him for some decent assets or at least being able to do it without having to sweeten the pot/take back toxic assets. But I think there is a reasonable downside risk it ends up worse than that.
He has had wrist surgery, some knee issues, he shot 33% from 3 last season, his D is not very good, and some of the advanced stats aren't high on him. He also has looked pretty bad when Tatum is out/injured and he's asked to be a #1 guy. He might be our 4th best player next year if White and KP build on their 22-23 seasons.
That's obviously all the most negative way you can view the situation and I'm not saying they shouldn't give him that contract if they feel they need to.... but I wouldn't automatically assume people will be lining up to take if off our hands in a year either.