Lots of good candidates listed already.
Why Lucic's contract is NOT the worst (not even close IMO):
1) He costs the Flames $5.75M. While that is obviously more than he is currently worth, it is not in the same ballpark as the $9M and $10M fiascos
2) there are only 3 years left
When looking at the worst contracts, I think you need 3 things:
1) crappy player
2) huge cap hit
3) for lots of term
And Lucic's $5.75M for 3 more years just isn't that material compared to some others.
The fact that he has resurrected himself somewhat, to be at least a functioning bottom 6 player, is an added bonus to the argument.
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