Speculation: Could "Stamkos to Toronto" Have Financial Motivations?

[indigobuffalo]

So obviously there's nothing new on the contract front, and with each passing day Stamkos gets closer and closer to UFA.

One thing I thought of recently that could be a motivating factor in Stamkos signing in Toronto is the financial side.

Not in terms of contract dollars, but the very important endorsement deals.

Toronto is a media hotbed. And if Stamkos is playing here, he will get a lot of media attention and as a result, sponsors will be selling their own mothers to get him signed to endorsement deals.

Even if Stamkos signed a "cap-friendly" deal in Toronto, he'd make a huge pay-day with endorsements to more than make up for it.

Wouldn't he? Or am I totally wrong here?

Click to read more...

 

[RyanOhReally]

He would no matter where he is. He's Steven Stamkos. Companies don't just stop paying interest to one of the biggest Canadian athletes just because he isn't in Toronto. He'd make millions on endorsements playing out of Arizona.

 

[Ovate]

Hockey endorsements are much smaller than other sports. It would still be a fraction of his contract, not multiple times his contract like in some other leagues.

 

[Tonka]

He would no matter where he is. He's Steven Stamkos. Companies don't just stop paying interest to one of the biggest Canadian athletes just because he isn't in Toronto. He'd make millions on endorsements playing out of Arizona.

I can see where you are coming from, but I am pretty sure more Stamkos' Leafs jersey will sell compared to Coyotes. I know Arizona is an extreme example, but I do think some markets are better than others.

 

[Durrr]

Do the Leafs even want Stamkos? Call me crazy, but a team at this stage of a rebuild shouldn't really be signing a 26/27 year old to a 7 year, 80 million dollar deal, should they?

I'm only kidding, they'll have a blank check waiting.

 

[Ciao]

He would no matter where he is. He's Steven Stamkos. Companies don't just stop paying interest to one of the biggest Canadian athletes just because he isn't in Toronto. He'd make millions on endorsements playing out of Arizona.

He would be a very popular athlete in Tornonto and would make a ton of money in endorsements.

If he's holding out, thought, I seriously doubt it's about money and more about where he sees himself going. Toronto could be in play. Not a sure thing, but just a possibility.

 

[champs*]

Do the Leafs even want Stamkos? Call me crazy, but a team at this stage of a rebuild shouldn't really be signing a 26/27 year old to a 7 year, 80 million dollar deal, should they?

I'm only kidding, they'll have a blank check waiting.

i would take a pass on him ...

 

[Pete Dunham]

Stamkos will remain in the States. If we are talking endorsement deals only he will get A LOT more in the States. You don't even have to be an athlete and you'll make more money in the states for many professions.

Which Canadian company can you think of that will endorse Stamkos or any other elite athlete? Tim Hortons? Blackberry? Canadian Tire? Sport check? There's not much happening here.

If you were a hockey player and you really cared about endorsements and the money, would you really stay in Canada?

 

[Kamal007]

Do we really want to overpay for a guy that is on pace for 55 points?

 

[Funk21]

Stamkos will remain in the States. If we are talking endorsement deals only he will get A LOT more in the States. You don't even have to be an athlete and you'll make more money in the states for many professions.

Which Canadian company can you think of that will endorse Stamkos or any other elite athlete? Tim Hortons? Blackberry? Canadian Tire? Sport check? There's not much happening here.

If you were a hockey player and you really cared about endorsements and the money, would you really stay in Canada?

You're kidding right?, if he sign in Toronto I can pretty much guarantee that he will make at least 10 million a year from corporate sponsors. Any of the Big 5 banks will pay an arm and a leg to have him. It will be very likely that one of the big 3 telecommunications (Bell, Rogers or Telus) will pay through the nose too. His endorsement deals could easily eclipse his NHL Salary. It a unique time for a player like Stamkos and with the lanscape changed as much as it has its only a matter of time before some truly big stars decide its time to come home and roost.

 

[Rayban*]

Stamkos will remain in the States. If we are talking endorsement deals only he will get A LOT more in the States. You don't even have to be an athlete and you'll make more money in the states for many professions.

Which Canadian company can you think of that will endorse Stamkos or any other elite athlete? Tim Hortons? Blackberry? Canadian Tire? Sport check? There's not much happening here.

If you were a hockey player and you really cared about endorsements and the money, would you really stay in Canada?

Most large brands have Canadian branches that have their own endorsement deals.

Also look at the TV revenue in Canada compared to the US it's more than double.

 

[thewave]

New York is where you want to be for those incentives.

 

[HamiltonNHL]

Is he the same after his injury ?
Didn't exactly play well in the playoffs either. A lot of cap space taken up will reduce our ability to wheel and deal. We are missing too many pieces to go for Stamkos.

 

[Banic]

Guy already has huge endorsment deals and I've heard he enjoys the anonymity playing in the states. I guess anything is possible.

 

[Pokecheck Prayer]

You're kidding right?, if he sign in Toronto I can pretty much guarantee that he will make at least 10 million a year from corporate sponsors. Any of the Big 5 banks will pay an arm and a leg to have him. It will be very likely that one of the big 3 telecommunications (Bell, Rogers or Telus) will pay through the nose too. His endorsement deals could easily eclipse his NHL Salary. It a unique time for a player like Stamkos and with the lanscape changed as much as it has its only a matter of time before some truly big stars decide its time to come home and roost.

Sorry but no way in hell will Stamkos ever make anything close to 10 million a year in endorsements. Crosby is the face of hockey and he makes 4.5m. That's reebok, gatorade, sports chek, tim horton's and rogers. He signed that deal when he was in the best player in the league and the most marketable.
http://www.forbes.com/sites/kurtbadenhausen/2014/11/25/the-nhls-highest-paid-players-2014-15/

 

[Pokecheck Prayer]

fwiw
florida is one of the states that doesn't have an income tax
kind of a big deal when your making millions

 

[thewave]

Sorry but no way in hell will Stamkos ever make anything close to 10 million a year in endorsements. Crosby is the face of hockey and he makes 4.5m. That's reebok, gatorade, sports chek, tim horton's and rogers. He signed that deal when he was in the best player in the league and the most marketable.
http://www.forbes.com/sites/kurtbadenhausen/2014/11/25/the-nhls-highest-paid-players-2014-15/

Hockey's a rich kid sport with limited reach. Baseball and basketball can be played everywhere Same with football(touch or flag in a yard) and soccer... Just get a ball. It's not like the kids can play hockey with sticks at recess in school because a sticks a weapon.

The best sport is not a cheap sport and is hard to access.

The point of my saying that is people get into what they played as a kid. If they want to grow hockey in the states they need to grow ball hockey for one and get kids playing in fenced in controlled environments. If they get that, then many of those kids will push to get ice time and on and on.

 

[Durrr]

fwiw
florida is one of the states that doesn't have an income tax
kind of a big deal when your making millions

Yep, all he's getting is the 10% federal. Compare that to what, 50% ish here at the top bracket?

 

[thewave]

Yep, all he's getting is the 10% federal. Compare that to what, 50% ish here at the top bracket?

That alone means we aren't getting him.

 

[Gallagbi]

He's got his major bases already covered for endorsements with Nike and Bauer.

He's also done some stuff with bio steel, but I don't think it's paid.

Anything else would likely be minor deals.

 

[Pokecheck Prayer]

Yep, all he's getting is the 10% federal. Compare that to what, 50% ish here at the top bracket?

thanks I couldn't find the fed tax to add to my post
I'm sure Stamkos could hire the best of the best of sports accountants in canada but it will never compare to the florida rates.

 

[indigobuffalo]

Hockey endorsements are much smaller than other sports. It would still be a fraction of his contract, not multiple times his contract like in some other leagues.

Crosby earns $1.4M/yr from CCM alone, playing in Pittsburgh. I would rank Stamkos in the Crosby category...

 

[indigobuffalo]

Sorry but no way in hell will Stamkos ever make anything close to 10 million a year in endorsements. Crosby is the face of hockey and he makes 4.5m. That's reebok, gatorade, sports chek, tim horton's and rogers. He signed that deal when he was in the best player in the league and the most marketable.
http://www.forbes.com/sites/kurtbadenhausen/2014/11/25/the-nhls-highest-paid-players-2014-15/

Crosby isn't in Toronto... Not to mention those were signed a few years ago. The players are making more money in general now, and if Crosby re-signed those contracts now, he would conceivably be making more on them, even with reduced production.

 

[Pokecheck Prayer]

Crosby isn't in Toronto... Not to mention those were signed a few years ago. The players are making more money in general now, and if Crosby re-signed those contracts now, he would conceivably be making more on them, even with reduced production.

do you have any facts to back this up?

 

[Pete Dunham]

Players get taxed at the local rate for the 41 games they play at home and the other 41 games at the rate of the states/provinces they play in.