Drytoast
Registered User
- Sep 27, 2017
- 6,432
- 4,601
Fair enough, which tax haven teams have stacked their team?
seriously?
Fair enough, which tax haven teams have stacked their team?
Why do I care about giving millionaires tax breaks? I'm already in one of the higher tax brackets, why would I want to pay more to cover the breaks we give these guys?
There is grants us no more advantage than we already have. You want to work me through the logic as to how a recalculation of cap penalty after taxes penalizes teams that don't spend to cap ceiling?
Yeah I don't really care to support liberal arts and crap either, but I seem to be forced to pay taxes that go into all sorts of programs which a very small demographic will ever appreciate.
What's more wasteful? 30m tax exemptions to hockey players that more than half of all Canadian follow, or 5m for a red painting of a box, a museum of underwear and an item labled "stuff" oh and a billion dollar fee for cancelled power plant.
What's next Cost of Living adjustments ??
An apartment in Toronto = $1 mil and the same apartment in Florida is $500k.
Leaf player "I'm going to need a higher salary than my comparables because their cost of living is much lower".
great. more **** for me to rage about.
What's next Cost of Living adjustments ??
An apartment in Toronto = $1 mil and the same apartment in Florida is $500k.
Leaf player "I'm going to need a higher salary than my comparables because their cost of living is much lower".
Marner can't take the Kucherov deal at $9.5 mil (even with taxes adjusted) because his cost of living eats up more of his take home pay.
What's next Cost of Living adjustments ??
An apartment in Toronto = $1 mil and the same apartment in Florida is $500k.
Leaf player "I'm going to need a higher salary than my comparables because their cost of living is much lower".
Marner can't take the Kucherov deal at $9.5 mil (even with taxes adjusted) because his cost of living eats up more of his take home pay.
No. Just tax exemptions.
As you will see again this summer (if it isn't already apparent) two equally competitive teams in Tampa and Toronto, and in order to retain our talent we will struggle with math and the cap because our guys will come in well above their guys.
Housing is an investment. In 6 years Toronto properties went up in value upto 500%
If you think the cost of toothpaste is going to be factored in.. lol
Try selling a 2 million dollar house in Winnipeg or Ottawa, then tell me again if its am appreciating investment.
You were forced to buy it?
I don't doubt for 1 second that Leafs high end players contract will be higher than TB.
I actually think its going look something like this for top 4 players
Matthews $12 mil
Tavares @ $11 mil
Marner @ $9.5-10 mil
Nylander @ $7 mil.
Total approximately $40 mil
vs.
Kucherov $9.5 mil
Stamkos @ $8.5 mil
Point @ $8.0 mil
Hedman $7.8 mil
Total approximately $34 mil
The gov could also offer tax exemptions to players of a sport but charge a special pro sports flat rate tax that essentially covers the players tax. So it's a tax transfer scheme for cap based leagues. Teams can opt in or out.
I don't doubt for 1 second that Leafs high end players contract will be higher than TB.
I actually think its going look something like this for top 4 players
Matthews $12 mil
Tavares @ $11 mil
Marner @ $9.5-10 mil
Nylander @ $7 mil.
Total approximately $40 mil
vs.
Kucherov $9.5 mil
Stamkos @ $8.5 mil
Point @ $8.0 mil
Hedman $7.8 mil
Total approximately $34 mil
Some of this has to do with WHEN the contract were signed. If Stamkos was up for a contract this year, he'd also be getting 10+ M a year.
IIRC they used to offer an income averaging annuity in Canada so that athletes and artists who have short term peaks in earning power could defer the tax obligations but the Feds took that away in the early 1980s. That is probably equitable for North Americans but with the current abundance of overseas players who return there after their careers are over their would not be a strong incentive for the Govt to give up their tax grab. They are finding ways to take more these days, not less.
I don't think it would be rocket science for some kind of tax adjustment cap factor to be considered in Canada because we only have two large market teams so making Toronto closer to Tampa makes Winnipeg, Edmonton, and Calgary more competitive as well. Even if it is only a limited reconciliation because of the varying systems, it still supports the reason for the cap. I would think we would have heard some noise about this from Canadian clubs though, if it was important to them.
And this is your counter argument as to why the should have that kind of gross advantage?
Had tavares signed with tampa he probably gets 9..
Had Tavares not signed in Toronto than Marner gets < Kucherov because his points off of JT goals reduce his production and his ask/comparables.
Also JT doesn't inflate the Leafs internal pay scale.
Without JT , and 3 highest contracts
Matthews $11 mil
Marner @ $8.5 mil
Nylander @ $7 mil
Total = ~ $ 26.5 mil
Kucherov @ $9.5 mil
Stamkos @ $8.5 mil
Point @ $8 mil
Total = ~ $26 mil
Maybe its not the Tax rate, but rather the UFA inflationary spending on Tavares where Leafs were trying to get an advantage on TB talent wise that is now going to hurt them Cap wise as the consequences of that decision. Without JT the cap hit is break-even.
Stamkos signed after mcdavid and drai. The leafs likely offere 10 he stayed for 8.5.
A year later and a comparable im tavares signs for 11.5. Same situation.
Are you telling me that the value of tht player went up 2 mil in 1 year!?
Wasn't Tavares offered more elsewhere? Cap going does inflate contracts.
Also your dates are off, Stamkos signed his extension in 2016, McDavid and Driasial in 2017.
That all isnt my point. My point was he wouldnt ask for 11.5 in tampa it would have been less.
And of course that drove up the internal salary scale of the leafs. No tavares and marner likely doesnt get 100 points but sould still ask for point money.