Yep. He was in trouble the second he signed his crazy contract that he would never live up to.
That being said, he signed during a year when the cap skyrocketed and players like Drury, Campbell got 7+ million per. So it really wasn't an astronomical contract at the time of the signing. It seems every year there is a substantial growth in the salary cap the GMs get a little more loose with the purse strings (example: EriK Cole 4.5 million/per).