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Ongoing NHL Thread - Part Brock and Roll Four Lines

Bloody Brian Burke

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capfriendly has a tax calculator on its site to figure out take home pay and I grabbed the following (not sure how accurate this is, mind you) - The rumo(u)r was he was offered 7.5 million in Calgary so let's plug in some numbers:

Vegas: $7,350,000 = $4,675,293 after tax
Alberta: $7,500,000 = $3,934,350 after tax

The contract is front loaded at $9.5 for the first year so after tax that's:

Vegas: $6,029,793
Alberta: $4,974,350
Pro athletes also pay tax when they play on the road though so this is only good for half that value, the rest based on where each team plays their road games. Unfortunately Vegas still has to play a shit ton of their road games in CA and BC.

At least that’s the way I understand it.
 

obxyankeefan

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Pro athletes also pay tax when they play on the road though so this is only good for half that value, the rest based on where each team plays their road games. Unfortunately Vegas still has to play a shit ton of their road games in CA and BC.

At least that’s the way I understand it.

Only certain states have that law. I just looked it up and 5 states do not have this law. Washington, Nevada, Texas, Florida, and Tennessee.
 

dash

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Only certain states have that law. I just looked it up and 5 states do not have this law. Washington, Nevada, Texas, Florida, and Tennessee.

Yeah, I thought there were some exemptions to what BBB was stipulating above. I'm no tax expert by any means, though.
 

dash

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I remember the uproar when California first passed it.

It's going to be interesting to see how this plays out (not sure if this is getting much attention down south).

Toronto Maple Leafs captain John Tavares is taking the Canada Revenue Agency to court over an $8-million tax bill in a case experts say could be pivotal for some pro athletes, perhaps affecting with which teams they sign.

The NHL star has filed an appeal to the CRA over the bill for back taxes and interest, dating back to 2018 when he signed a $77 million US contract to play for the Leafs.

"It's a pivotal case and everyone will be watching," said Richard Powers, an associate professor at the University of Toronto's Rotman School of Management.
At issue is a $15.25 million US signing bonus which, under the U.S.-Canada Tax Treaty, Tavares says should be taxed at a much lower rate than the rest of his salary. The CRA disagrees.

Players throughout the NHL use signing bonuses as a way to structure their contracts so they have a limited tax liability and to spread out the value of the contract. Tavares's first year of his seven-year contract saw him receive a total of $15.9 million US. Only $650,000 US of that was his actual salary. The rest was his signing bonus.

The court documents show the CRA believes the entire compensation package should be treated as salary and taxed the same way.

 

BGDave

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Only certain states have that law. I just looked it up and 5 states do not have this law. Washington, Nevada, Texas, Florida, and Tennessee.

4 of those States have no personal tax for anyone, so need to tax road team players
 

puckhead

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Wtf?
I think the Panthers owe Kodak Black an apology
(or royalties)

 

dash

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Naturally:

Who else is rooting for the Blues to catch them?

This guy jumped on the Blues bandwagon several years ago and is now a hardcore hockey fan.

 

dash

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Great to see Pascal in the top 10.

Does he get the superstar treatment?

Tu9Ne4r.0.gif
 

dare2be

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You know only one gets that treatment.
 
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