Hate to be that guy. But why would he sign of OS of 6 million in a highly taxed state? 6 mil in Illinois gets you about as far as 4.5/4.75 does in Tampa, FL.

Cirelli isn't signing that cheaply, And Markstrom wants more term.

More realistic than Buffalo or Ottawa, but still probably not going to happen.

Illinois doesnt have a 20-25% state income tax

Montreal accepts

I think its 4.95% income tax, So Cirelli will make 5,703,000

Yea that's a brutal call on my part. disregard

That's right top tax rate in Chicago is 10.25 %. Which equates to 615,000 in state tax paid for 6 million salary agent takes usually 3 - 5%. Let's say 4 that's 240,000. Escrow is 20% next year then between 14 and 18 the next year and then 10 the year after that. Let's say 15% on average. Thats another 900k. Then 37 % federal tax rate is 2,220,000. So the player nets about 2,025,000.00 on 6AAV in Chicago. 4.75 in tampa gets 37% fed tax rate 1,757,500 in fed tax. 15% escrow 712,500 . 4 % for agent 190,000. On 4.75 in Tampa the player nets 2,090,000.00. That is why it is such an advantage for not tax state teams. When considering all factors and the player net income it does work out sometimes between 20- 25% difference in net. Could be worse for Chicago could be California 13.3 percent. There your talking about 25 -30% net difference

wow now we”re just talking politics. I am officially lost

It is the reason that Canadian Teams and high tax area American teams are at a disadvantage when trying to sign players. If the player is looking maximize the dollars they earn the teams in no tax states can essentially pay less out of pocket, have a lower cap hit and still give the player more money then other markets.

Bottom line the player takes home more money on a 4.75 million dollar contract in Tampa then he does on a 6 million dollar contract in chicago.

Yeah that was clear from the get-go.

I was just showing the math. Alot of people just figure the state tax rate and assume that is the net difference in net pay.

Yeah. No point signing an offer sheet. TB's one of the best team in more ways than one. Contending team and good value contracts

I can still see him signing one. I would not be shocked to see Tampa give him a max offer of 3 years and about 4 million. I could see lots of other teams offering him 6.5 -7 on a 5 year deal. He would net a substantial amount more on that contract and it walks him right to UFA on his next contract. Same with Sergachev but they only need to offer him a 4 year deal to get him to UFA.

I do believe that they're looking to sign both Cirelli and Serg to those 4x3 deals, yes. It'd very much follow the way TB has previously dealt with their youngsters.

I don't see any way teams being able to give out during these tight cap times bigger contracts for Cirelli than TB gave for Point...

Cost of living maybe more expensive but income tax is not far off, I was suprised
https://www.capfriendly.com/income-tax-calculator/6000000/blackhawks

It’s not as clear cut as you made it. The tax amount depends on where games are played. Yes you get a benefit from FL, but it’s not all like your saying

Saad for a 1st, nope

If Cierreli were to sign for $6 M (doubtful), just where does the Hawks find the cap space?

https://www.capfriendly.com/income-tax-calculator/6000000/blackhawks

bottom line, Taxation is theft

xx

That 10.25% tax rate is assuming they live in chicago, which many athletes in illinois live in the suburbs. IL also has a flat rate at 4.95%. Agents taking money is a moot point because they are going to take that same 3-5% anywhere the player is, not only chicago. Again escrow is taken no matter where the player plays so it is a moot point again. The federal tax rate doesnt change depending on state, so again it is a moot point. While FL doesnt have income tax (which is incredibly nice), you cant assume all the extra "expenses" just fall on the player playing in chicago and not in FL. We can both agree though that CA screws the players