Around the League 2018-2019 Part 3
- Thread starter SettlementRichie10
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The Tikkanen
Pest
Isn't what's going on in Winnipeg similar to what happened the first time around? It's going to be bad if attendance drops off this season at a large chunk.
mbar
Registered User
I went to high school with her. She sang the anthem at our graduation in 95. Funny the local fame she achieved.
Raccoon Jesus
Todd McLellan is an inside agent
deeshamrock
Registered User
Totally a Jagr stat..2 goal 31 years apart
WHOneedsSOX
Registered User
- Mar 1, 2015
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Raccoon Jesus
Todd McLellan is an inside agent
can't believe Point came in less than $7m on a 3 year deal.
kovacro
Uvijek Vjerni
A couple former Kings blueline prospects on waivers...
Fredrik Claesson has been placed on waivers by Carolina.
The Hurricanes also waived Kyle Wood, Alex Lintuniemi, Roland McKeown and Brian Gibbons on Monday. Claesson signed a two-way contract with Carolina after he started training camp with the team on a PTO.
Source: Stephen Whyno on Twitter
Fredrik Claesson has been placed on waivers by Carolina.
The Hurricanes also waived Kyle Wood, Alex Lintuniemi, Roland McKeown and Brian Gibbons on Monday. Claesson signed a two-way contract with Carolina after he started training camp with the team on a PTO.
Source: Stephen Whyno on Twitter
Raccoon Jesus
Todd McLellan is an inside agent
Truly killer 'show me' deal for Point.
WOnderful bridge deal. He'll still be an RFA when it's up, too, which is good for Point because he'll be able to negotiate his next big deal, good for club because still relatively cost controlled without the distraction/leverage of UFA>
ScoreZeGoals
Boooorrrrriiiinnnnng
- Jun 29, 2010
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Tampa and Toronto are polar opposites when it comes to contract negotiations
KINGS17
Smartest in the Room
- Apr 6, 2006
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Bandit
Registered User
No way. Leafs have the next 10 cups locked up. You don’t need a 3rd or 4th line, or second or 3rd pairing D. Just ask any leafs fan.
johnjm22
Pseudo Intellectual
- Aug 2, 2005
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Point (23 Years Old):
16/17 68gp 18g 22a 40pts
17/18 82gp 32g 34a 66pts
18/19 79gp 41g 51a 92pts
Playoffs: 21gp 8g 9a 17pts
Marner (22 Years Old):
16/17 77gp 19g 42a 61pts
17/18 82gp 22g 47a 69pts
18/19 82gp 26g 68a 94pts
Playoffs: 20gp 5g 12a 17pts
That's about as close as two comps can get, but Marner gets 10.89M and Point gets 6.75M.
16/17 68gp 18g 22a 40pts
17/18 82gp 32g 34a 66pts
18/19 79gp 41g 51a 92pts
Playoffs: 21gp 8g 9a 17pts
Marner (22 Years Old):
16/17 77gp 19g 42a 61pts
17/18 82gp 22g 47a 69pts
18/19 82gp 26g 68a 94pts
Playoffs: 20gp 5g 12a 17pts
That's about as close as two comps can get, but Marner gets 10.89M and Point gets 6.75M.
johnjm22
Pseudo Intellectual
- Aug 2, 2005
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Toronto is probably the most expensive city to play for in terms of taxes.
According to this article Kevin Lowry who plays for the Toronto Raptors get paid 28.7M per season, but only takes home 12M (42%).
James Harden who plays in Texas (no state income tax) gets paid 28.3M and takes home 15.1M (53.5%).
If we're to assume Marner and Point pay similar tax rates to their NBA counterparts, than Marner's take home would be 4.57M, and Point's take home would be 3.6M.
According to this article Kevin Lowry who plays for the Toronto Raptors get paid 28.7M per season, but only takes home 12M (42%).
James Harden who plays in Texas (no state income tax) gets paid 28.3M and takes home 15.1M (53.5%).
If we're to assume Marner and Point pay similar tax rates to their NBA counterparts, than Marner's take home would be 4.57M, and Point's take home would be 3.6M.
Capfriendly has an income tax calculator.
Not sure how cleat the above is on Point but he would pocket about $727k less a year in Toronto than Tampa and $656k less in LA.
it is a great tool
KopitarFAN
Reno Sucks!
Max McBolt
Registered User
- Dec 18, 2018
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This article is irrelevant to the Mitch Marner situation.
NBA has restrictions that do not applies to NHL players.
This is not a great tool to compare the difference in salary a player would pocket if he was either in Toronto or Tampa Bay.
Players in Toronto, and rich people for that matter, have numerous ways of going around the tax issues and avoid paying the amount this calculator is referring to.
johnjm22
Pseudo Intellectual
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Max McBolt
Registered User
- Dec 18, 2018
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How pro athletes and other high earners stick-handle high Canadian income taxes
« Sports agents have long bemoaned the tax rates that high-salaried Canadian-based athletes face. For example, Ontario’s top individual tax rate is 53.3 per cent, the highest among all NHL locales.
But wealthy people have tools that can tamp down the effects of those tax rates.
...
Financial advisers recommend their high-income clients, such as professional athletes, use a vehicle called a Retirement Compensation Arrangement (RCA) to help offset high income taxes. In basic terms, an RCA allows an individual to sock away up to half of their salary each year and delay accessing it until retirement, when the individual may well be living somewhere else and paying a far lower tax rate.
...
Mr. Parry has put RCAs to work for numerous pro hockey players among the Leafs and Montreal Canadiens.
He has also tried to put them in place for Toronto Raptors basketball players, but the National Basketball Association’s collective bargaining agreement bans the practice. The NBA felt the implementation of RCAs gave the Raptors, the sole franchise outside the United States, “an unfair advantage,” according to Mr. Parry. »
Max McBolt
Registered User
- Dec 18, 2018
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To be fair, there are a lot of articles online about tax differences in sport markets and their influences on contracts.
Unfortunately for us, most of those sensationalists articles are simplistic and inaccurate.
There are a lot of ways for players and rich people to get tax breaks, and calculating salary is not as easy as making counting the difference between different state taxes %.
Here is another example in this Forbes article with John Tavares and how he could save money with taxes in Toronto :
John Tavares Could Save Nearly $12 Million In Taxes On His New Contract
Hope that can shed some light on the subject.
Unfortunately for us, most of those sensationalists articles are simplistic and inaccurate.
There are a lot of ways for players and rich people to get tax breaks, and calculating salary is not as easy as making counting the difference between different state taxes %.
Here is another example in this Forbes article with John Tavares and how he could save money with taxes in Toronto :
John Tavares Could Save Nearly $12 Million In Taxes On His New Contract
Hope that can shed some light on the subject.
Raccoon Jesus
Todd McLellan is an inside agent
Knew it was only a matter of time before the Leaf sense was tingling and someone came over to tell every forum why the Marner contract is actually good and Point isn't a big deal
(that was actually really informational though)
(that was actually really informational though)
Max McBolt
Registered User
- Dec 18, 2018
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I’m actually a Bolts fan explaining how the taxes advantages people claim Tampa Bay has over Toronto are not as important as people made them out to be.
They are not the main reason why Tampa gets great contracts as opposed to other teams.
I’ve been lurking on LA’s forum and a few others in preparation of my Dynasty League season, as I have a lot of Kings prospects in my pool.
I also have a soft sport for LA as I’ve been a Lakers fan since I was a kid.
And for the record, I think Marner’s
contract is atrocious lol.
I’m happy if the informations were appreciated.
Cheers
Raccoon Jesus
Todd McLellan is an inside agent
Sorry for the faulty assumption. Too used to getting visitors within three posts of saying "Marner," "Dubas," or any permutation of "leaf."
It's like saying Beetlejuice.
fully agree that there are loopholes to avoid tax, however I disagree and I really like this tool
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