MattPie Posted July 23, 2023 Report Share Posted July 23, 2023 21 hours ago, Curt said: Players themselves have come out and said that the tax differences between certain situations can result in a savings of nearly 500k on a large contract ($5M+). It’s not an insignificant difference to the players. I'm sure *some* players care about that 10%. Me? I'm taking $4.5M to play where I want over $5M every time single time. I seriously doubt I'm the only person that thinks this way. FWIW, I moved from PA (moderate taxes) to NY (higher taxes) two years ago specifically to live in Ithaca. The tax implications were an afterthought (at best). 1 Quote Link to comment Share on other sites More sharing options...
steveoath Posted July 23, 2023 Report Share Posted July 23, 2023 I hope McDavid doesn’t extend with the oilers. If only to witness the panic that ensues him making the announcement Quote Link to comment Share on other sites More sharing options...
Sabres Fan in NS Posted July 23, 2023 Report Share Posted July 23, 2023 Edmonton. Quote Link to comment Share on other sites More sharing options...
Kristian Posted July 23, 2023 Report Share Posted July 23, 2023 On 7/18/2023 at 11:24 PM, PASabreFan said: Possibly. I do recall, though, seeing him phone it in... while on the ice! Certainly was a thing of beauty to see the Sabres tearing up the league, the moment he left. 1 Quote Link to comment Share on other sites More sharing options...
Curt Posted July 23, 2023 Report Share Posted July 23, 2023 3 hours ago, MattPie said: I'm sure *some* players care about that 10%. Me? I'm taking $4.5M to play where I want over $5M every time single time. I seriously doubt I'm the only person that thinks this way. FWIW, I moved from PA (moderate taxes) to NY (higher taxes) two years ago specifically to live in Ithaca. The tax implications were an afterthought (at best). It’s not really 10% though, because a guy making $5M doesn’t take home $5M. He takes home like $3M, and maybe $3.5M in a tax friendly state. So maybe more like 15%. But anyway, yeah, there are lots of different reasons that people take jobs. An NHL job is not quite the same as your job though. Not all 10%’s are created equal. A 10% that is $500k is much different from a 10% that is 10k. Yeah sure, they are both 10% but you can do a lot more with 500k than you can with 10k. Or over a 5 year contract, big difference between $2.5M and $50k. Quote Link to comment Share on other sites More sharing options...
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