The 2014-2015 NBA season tips off late October-- just high time to see each team's roster and find out who are the players with the worst contracts entering the new basketball year.

In the Eastern Conference, it looks like the state of New York is the unluckiest franchsie as three of five worst contracts in the league are playing for the New York Knicks and Brooklyn Nets. Two other veterans-- one has proven nothing in the NBA while the other is in the twilight of his career-- are also part of the list.

Part 1 of this series featured players from the Western Conference.

READ ALSO: Jeremy Lin, Kobe Bryant Among The Top 5 Overpaid Players In The NBA (Part 1 - Western Conference)

(All salaries via spotrac.com, a website dedicated to recording salaries in the American sports leagues)

View the slideshow to see which Eastern Conference players have teh worst contracts in the league.