Confirmed with Link: Sens Extend Methot - 4 years, $4.9 million per year

[FlyingJ]

Damn for a owner with no money I am surprised we signed methot

They've always said they had what they thought was enough money to retain their pending UFAs. Looks like they were right. I'm glad he's here for 4 more years. Without him, Ottawa would only have one actual proven top 4 defenceman on the team: Karlsson.

Real issue will be what, if anything, the team tries to add through trade or free agency in the off season. Then we'll see if the budget is still hand-cuffing this team.

 

[SpezDispenser]

Yes!!

 

[Burrowsaurus]

Sign and trade

 

[elicw10]

I second the calls to put an A on his sweater.
Hometown discount, he should be rewarded. He's now one of my favorite players. Reminder when he retires to buy a car at his used car shop or something. Considering Ontario taxes, what he would have got on the open market, I commend his loyalty.

This is how you build a contender. Reasonable contracts, committing to the right people for a long time, getting the people that want to play for the franchise.

 

[Rand0m]

I'm happy I was wrong! From speaking with one of his friends it didn't seem very promising!

Good term, good $ Murray still has it!

 

[Backpass]

Sign and trade

Yes sure, never would Ottawa should do that. The signing of Methot in Ottawa is a great move for the team to solidified their defense for several years.

 

[Nac Mac Feegle]

Relieved that it's done.

now to send as much good karma to Methot's back as possible. It's gotta hold out for at least 4 years now.

 

[The Lewler]

So realistically, what does he clear per year on a contract like this, $2 million?

 

[Do Make Say Think]

Relieved that it's done.

now to send as much good karma to Methot's back as possible. It's gotta hold out for at least 4 years now.

He probably left 2-3 million dollars (before tax) on the table to play for the Senators

It's also up to the team and management to live up to his decision to stay

 

[Sun God Nika]

ahhhh, now may we tank in peace.

 

[maclean]

Sign and trade

Even dirtier than the trade and sign, that murray's a sneaky dog with nothing to lose..

 

[Sun God Nika]

So realistically, what does he clear per year on a contract like this, $2 million?

his average tax rate would be really close to 35%. so basically 65% of his salary?

 

[jason2020]

Even dirtier than the trade and sign, that murray's a sneaky dog with nothing to lose..

Methot being a Ottawa boy there would be outrage.

 

[Do Make Say Think]

his average tax rate would be really close to 35%. so basically 65% of his salary?

35%?

Man you kids are in for a rude awakening when you grow up

 

[Nac Mac Feegle]

his average tax rate would be really close to 35%. so basically 65% of his salary?

More like 42-47%....he's basically getting half.

 

[Vesa Awesaka]

Great move. Keeps us moving in the right direction. Losing methot would have been a major step backwards. 2-3 more pieces and i think we have a shot at being a solid playoff team which great because the young core will only get better.

 

[Tundraman]

It appears that the sticking points that had to be overcome were:

Methot wanting $5.5+ then dropping his rock bottom to $5M
Methot asking for a 5-6 year deal
Methot wanting a full nmv (no less than 15 teams)

The Sens offer of $4.5M-$4.7M the most they wanted to pay for a defensive D
The Sens wanted a shorter term of 3-4 years
The Sens offered a limited nmc (10 teams). They've been burned in the past with too many teams on a players nmc.

The final deal:
4 years
$4.9M average
Limited nmc (10 teams)

Looks like Methot really meant it when he said he wanted to stay.

It's a good deal. Now we will soon find out which D on the team is expendable. All signs point to Wier but with Methot, Boro, Gryba and to a lesser extent Cowen being mostly defensive type D's the Sens may have to rethink their long term plan. To be succesfull they will need more offense from the back end.

 

[Vesa Awesaka]

More like 42-47%....he's basically getting half.

His agent would clear a portion too?... or do agents get paid fees directly from the teams?

 

[Jerk Store*]

Well that's a bet I'm pleased I lost

Well L'Aveuglette, montre-moi ce que je vais devoir porter fierement jusqu'a la fin de la saison

LOL! C'était quoi le bet?

 

[Sun God Nika]

More like 42-47%....he's basically getting half.

The highest an individual can pay in taxes in canada is 35% on his highest tax bracket, the majority if his salary is in that bracket tho, don't know how he would have to pay more in taxes. I have no idea about agent fee's I doubt its above 5% but what do I know?

 

[Micklebot]

The highest an individual can pay in taxes in canada is 35% on his highest tax bracket, the majority if his salary is in that bracket tho, don't know how he would have to pay more in taxes. I have no idea about agent fee's I doubt its above 5% but what do I know?

Uhmmm that's not even close to true....

Federal tax rates in 2015 are 29% alone for anything over 138k. Ontario tax rates are around 13% for anything over 220k. So that 42% for the majority of his income.

 

[BondraTime]

The highest an individual can pay in taxes in canada is 35% on his highest tax bracket, the majority if his salary is in that bracket tho, don't know how he would have to pay more in taxes. I have no idea about agent fee's I doubt its above 5% but what do I know?

He is paying much more that 35%, you have to include more than Federal taxes

 

[Nac Mac Feegle]

The highest an individual can pay in taxes in canada is 35% on his highest tax bracket, the majority if his salary is in that bracket tho, don't know how he would have to pay more in taxes. I have no idea about agent fee's I doubt its above 5% but what do I know?

http://www.taxpayer.com/media/CTF-HomeIceDisadvantage.pdf

Ottawa is sitting at 48% according to this site. (This is federal and provincial taxes.)

 

[Engineer]

The highest an individual can pay in taxes in canada is 35% on his highest tax bracket, the majority if his salary is in that bracket tho, don't know how he would have to pay more in taxes. I have no idea about agent fee's I doubt its above 5% but what do I know?

According to this tax calculator

http://www.drtax.ca/en/DTMax/support/calculator.aspx

With a 4.9M tax income in Ontario, he would take home 2.498M, therefore taxed at 49%.

 

[RedWhiteBlackGold]

According to this tax calculator

http://www.drtax.ca/en/DTMax/support/calculator.aspx

With a 4.9M tax income in Ontario, he would take home 2.498M, therefore taxed at 49%.

4.9USD though isn't it?