Comedy Platinum out of Toronto - "Canada's Team" quest for the Cup

[BGDave]

These signing bonuses have an interesting tax impact as well.

Pro athletes pay taxes in the city and state of their road games. For example someone making $8.2 million plays a game in New York City. They would be considered to have earned $100,000 for that game and would pay New York City and state taxes on $100,000. A player with an $820,000 salary would only pay taxes to New York city and state on $10,000.

I would expect that the signing bonus is only taxable in the jurisdiction of the professional team. For example in Marner’s case, only Ontario could tax the bonus.

No real difference to the tax advantages we have discussed previously. But I think it could create even more of an advantage for no tax markets like Florida and should incentivize them to pay bonuses rather than salary. At least that’s what I would negotiate.

 

[Bloody Brian Burke]

These signing bonuses have an interesting tax impact as well.

Pro athletes pay taxes in the city and state of their road games. For example someone making $8.2 million plays a game in New York City. They would be considered to have earned $100,000 for that game and would pay New York City and state taxes on $100,000. A player with an $820,000 salary would only pay taxes to New York city and state on $10,000.

I would expect that the signing bonus is only taxable in the jurisdiction of the professional team. For example in Marner’s case, only Ontario could tax the bonus.

No real difference to the tax advantages we have discussed previously. But I think it could create even more of an advantage for no tax markets like Florida and should incentivize them to pay bonuses rather than salary. At least that’s what I would negotiate.

The problem is teams like Florida don’t have that kind of up front cash on hand.

It’s pretty much the only advantage being a rich club has these days.

 

[Bloody Brian Burke]

The best thing about yesterday are these time stamps:



You literally were the family mouthpiece all summer and you still got scooped lol

 

[Bloody Brian Burke]

Mitch’s agent saying two offer sheets were presented to him during the summer.

Not the most reliable source here but...


If that is true, neither of those teams could’ve offered less than the $10.5 mil/ 4 firsts compensation.

Which would’ve been rather nice to have, frankly.

 

[forty_three]

Seeing the circus around it all, so glad he didn't accept. I mean, the talent would be awesome to have. But I could see him on the 4th line in Torts' doghouse within days. Plus our cap hell would have been moved up 2 years.

And as to whether it is true, that's a big if. I have no doubt Jarmo reached out. But I cant imagine he offered what I have seen reported as 12.5n x 7 years.

This seems like appeasing the fan base with the whole "I chose to be HERE" stuff. Expect him to find a picture of himself if Leaf Pajamas over the next few days.

 

[DragonfromTO]

Seeing the circus around it all, so glad he didn't accept. I mean, the talent would be awesome to have. But I could see him on the 4th line in Torts' doghouse within days. Plus our cap hell would have been moved up 2 years.

And as to whether it is true, that's a big if. I have no doubt Jarmo reached out. But I cant imagine he offered what I have seen reported as 12.5n x 7 years.

This seems like appeasing the fan base with the whole "I chose to be HERE" stuff. Expect him to find a picture of himself if Leaf Pajamas over the next few days.

It's funny how loyal a guy that never played for the same minor hockey organization two years in a row growing up suddenly got

Shit, OK, that's the last one. I'm gonna be/feel positive and happy, because I like him as a player and we've got him for a long time now

 

[BGDave]

never played for the same minor hockey organization two years in a row

Did not know that

 

[Bloody Brian Burke]

K this will be my last one.

 

[DragonfromTO]

Did not know that

No second banana for Paul's son I told a story on here before that I'd heard, let me find it.

 

[Bloody Brian Burke]

I’m trying to find the proof where Boeser deserves a million dollars less per year than Nylander and I can’t find it.

So either Boeser reeeeally wanted to help the Canucks out or Dubas is really fucking bad at this.

 

[BGDave]

Dubas is really fucking bad at this.

^ This

When the dust settles and the RFA class is signed, an objective review of the contracts will show that the Leafs overpaid big time, and have more contract outliers than any other team.

Really is the same old Leafs. Only difference between now and the 20 years before the Cap is, well, the Cap. They have money so they spend it. Kind of a lazy way to do things.

But hey, I am excited for the coming season! Go Leafs Go!!

 

[puckhead]

^ This

When the dust settles and the RFA class is signed, an objective review of the contracts will show that the Leafs overpaid big time, and have more contract outliers than any other team.

Really is the same old Leafs. Only difference between now and the 20 years before the Cap is, well, the Cap. They have money so they spend it. Kind of a lazy way to do things.

But hey, I am excited for the coming season! Go Leafs Go!!

As a non-leaf fan, the next few years are going to be very interesting to watch cap-wise. If anyone gets hurt, can't afford a call up. Anyone's contact is up, gotta go...
Unless the cap growth is substantial, this will be like Chicago a couple ofyears after signing Toews/Kane, but amplified. They got a cup out of it, so no regrets though.

 

[BGDave]

They got a cup out of it, so no regrets though.

Agreed, this is the main difference between CHI and TOR today. I want to believe the Cup is coming, but . . .

 

[Bloody Brian Burke]

As a non-leaf fan, the next few years are going to be very interesting to watch cap-wise. If anyone gets hurt, can't afford a call up. Anyone's contact is up, gotta go...
Unless the cap growth is substantial, this will be like Chicago a couple ofyears after signing Toews/Kane, but amplified. They got a cup out of it, so no regrets though.

I don't think they even need substantial cap growth beyond the $1.5-2 mil/yr it seems to be creeping up these days.

At an $83 mil cap next summer ($1.5 mil increase) they would have $17 mil to spend almost entirely on the 5 defence spots that are currently empty at the NHL level. Signing Dermott for around $3 mil and hopefully plugging in Timmy and Sandin at their rookie deals would mean 4 positions are covered with $12.2 mil left to spend without any other moves.

I think depending on how well Barrie does the plan may be to trade Rielly next summer and re-sign Barrie with the thinking being that they're very similar and Barrie's contract today will be a better cap hit than Rielly's will be two years down the road. Keeping Barrie at, say, $8 mil and losing Rielly's $5 mil leaves them $9 mil for the remaining two positions pending whatever other cap complications may arise from a Rielly trade.

They can also at any point move any of Kapanen, Johnsson or Nylander should the right deal arise and either save the cap hit (ie trading Kapanen for picks and/or prospects) and save anywhere from $3.2 to $7 mil on the cap or move them for another position of need. The prospect well is pretty shallow thanks to years of Mark Hunter's drafting but maybe someone like Bracco or even Robertson is ready to step in by then and take the spot of whoever we lose up front.

In all, it's tight but unless they all suddenly suck there isn't much worry moving forward about making it all work. If they have to move talent it's talent that they can cash in handsomely on and the one area they're going to be short-staffed on in the near future is the one area where they actually have some prospects nearing NHL-readiness.

 

[esls79]

Is it just me or do you find the 4th line battle between Gauthier and Spezza riveting?

 

[Bloody Brian Burke]

Is it just me or do you find the 4th line battle between Gauthier and Spezza riveting?

Is it even really a battle when the GOAT's involved?

 

[dash]

Is it just me or do you find the 4th line battle between Gauthier and Spezza riveting?

Spezza in a Buds uniform just looks weird after all those years with the Sens.

 

[Bloody Brian Burke]

Spezza in a Buds uniform just looks weird after all those years with the Sens.

I think him and Chara are the last guys around from all those playoff beatings they took from the Leafs.

I'm very wary of Spezza being in close proximity to all our good players considering how much revenge Chara's taken on the Leafs over the years by never letting us win a playoff series ever again.

 

[dash]

 

[Darth Dawkins]

It's still amazing to me that we have JT and Spezza on the Leafs and neither one of them are arguably even our best player. We have at least 4 players in the conversation. Inconceivable...