Joined: Apr. 2017
Posts: 1,120
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The tax implications are pretty big. Florida based teams (both Florida and Tampa), along with Nashville, Vegas, Dallas all share the same advantage (no state income tax). So it's more than 41 games a year, depending on the team, it could run from 44-50 games a year of advantage.
The advantage is not Tampa (as an example) vs the rest of the league. It's Tampa vs California based, NY based or Canadian based teams. On a $10mm contract (as a round number to make the math easy), to get the same net payrate, it would need to be $11.3 million in CA, $11.1 million in Canada (plus you have foreign tax payments between the US and Canada), and $10.882 in NY. And that's not including cost of living differences (also doesn't account for marketing opportunities, which a lot of guys bank away).
But, if you look at Tampa vs Detroit, Chicago, Colorado (for examples), $10 million in Tampa equals $10.425 in Detroit, $10.495 in Illinois, and $10.463 in Colorado. While not peanuts, guys are making contract decisions off of a few thousand K (unlike 800k-1.3million). Lifestyle (hockey player lifestyle), schools, family ties, playing styles and chances for success all play into the 500K difference.
If it is your first big contract, or your last contract (and you've got a cup), then it could make a difference. If you've won already, or have had multiple contracts, the other considerations are significantly more important.