Biggest failures

Doing some research here and could use some of your knowledge and opinions:
What single pro or college sports team is the biggest failure of all the time, the team to fall furthest from its preseason goals or expectations?
For example, the Knicks had the highest payroll in the NBA last season, won only 20-something games and fired a coach with a five-year contract after only one season. Measured by that standard, the Knicks might be the biggest flop of all time.
I'm not looking for a team such as the Royals, with its low payroll and expectations, but for teams that had many reasons and resources to succeed and still failed.
Any ideas? Examples? Opinions?

 

http://godhatesclevelandsports.blogspot.com/

 

That U. Arizona football team in the late 90s was supposed to challenge for a national title ... and finished with a losing record.

Notre Dame football fell a long way a few years back despite a lot of resources. Look at the press-box food, for example.

Real Madrid soccer this past season. Competitive, sure, but worth all the money?

 

Me.

 

I don't think I'd call it the biggest failure of all-time, but North Carolina and its talented freshmen class was ranked 19th in the 2001-02 preason AP poll and finished 8-20 -- first losing season in 38 years, most loses in a single season, etc. etc.

It's up there for a pretty big collapse.  

 

Mizzou basketball. Pick a year.

 

New York Yankees, 2001-present.

 

Tennessee football team this fall was an exceptional failure, though nobody was talking national title at the beginning of the year.

 

BYH's stamina.

 

Dan O'Brien, 1992 Olympic decathlon

 

The fifth-ranked U.S. soccer team failing to get out of the first round of the 2006 World Cup?