Micklebot
Moderator
- Apr 27, 2010
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Of note, theNBA apparently banned retirement compensation arrangements because they felt it gave raptors an unfair advantage...Maybe all the NHLers will want to be in a Canadian bubble
How pro athletes and other high earners stick-handle high Canadian income taxes - The Globe and Mail
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
There is obviously the disadvantage of delaying compensation till your retirement, so not everyone will want to go that route.