It is well known that Montreal's taxes policy makes the Habs quite a bit unattracting for free agents who are going for big paychecks compare to a state like Florida that basically has no taxes on income. Montreal players will likely lose around 50% of their yearly salary to the government which is ridiculous considering most of them will only stay in Quebec for 2-3 years.
Now there is an alternative to this and I'm not sure why it has not been discuted yet. We're one of the richer teams in the league, but with the salary cap we can't just spend up to have a 100M payroll, unfortunately. But what can Molson do, is offer the government some money per year (not sure of the amount), to cover for the players' income taxes. Which would mean the Montreal Canadiens players wouldn't be taxed on their income anymore. So $6M would become... $6M. How magical ?
Basically if Player A wants a $7M salary and Montreal offers him that... his agent will tell him that after taxes, he'll only have around 3.5M left. No way he signs here.
Molson has enough money to cover for his players' taxes. That would be one loophole he could exploit. He needs to do it. Negociate something with the government, now ! We have not won the cup in more than 20 years, everything we can put to our advantage, we need to do it. And it starts now with Vanek.
Now there is an alternative to this and I'm not sure why it has not been discuted yet. We're one of the richer teams in the league, but with the salary cap we can't just spend up to have a 100M payroll, unfortunately. But what can Molson do, is offer the government some money per year (not sure of the amount), to cover for the players' income taxes. Which would mean the Montreal Canadiens players wouldn't be taxed on their income anymore. So $6M would become... $6M. How magical ?
Basically if Player A wants a $7M salary and Montreal offers him that... his agent will tell him that after taxes, he'll only have around 3.5M left. No way he signs here.
Molson has enough money to cover for his players' taxes. That would be one loophole he could exploit. He needs to do it. Negociate something with the government, now ! We have not won the cup in more than 20 years, everything we can put to our advantage, we need to do it. And it starts now with Vanek.