Beukeboom Fan
Registered User
The Messenger said:Average Hockey player Old CBA 1.8 Mil Average / year Salary
Salary .. $ 1,800, 000 . 00
Less : 24 % rollback ( - $ 432,000.00)
Balance .. $ 1, 368,000.00Less: Income tax - Payroll deduction @ 40% - ( - 547,200.00 )
Balance .. $ 820, 800.00 kLess : Union stipent - lockout pay @ 10,000/month - (Oct-May) = ( - $80,000.00)
Balance .. $ 740, 800.00 *(net take home pay)So the Average Hockey player would need to find a job in Europe that will pay him about $ 750,000 US per season to break even by the lockout ..
(excluding other deductions like Union Dues and Other payroll taxes)
Again a Euro season is 1/2 the length of the NHL to boot ..
Damn those greedy NHLers !!!!!!!!
Not sure how it works out North of the border, but in the US, you must pay taxes on income earned outside the country. You typically get a credit for any taxes you pay to a foreign government, but you still pay at least the US tax average rates.
Bottom line for me: Matt Cullen made more per period of hockey in NHL in 2004 than he made per month in Italy last year. That's not good.