Sergachev Cirelli and Cernak offer sheets- Why they want to be

Forums/Armchair-GM

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Created by: Wpgman

Team: 2020-21 Tampa Bay Lightning

Initial Creation Date: Sep. 18, 2020

Published: Sep. 18, 2020

Salary Cap Mode: Basic

Description

Offer sheets to Sergachev, Cirelli, and Cernak would be great to the players if TB matches. Just because of the tax savings. Below are the figures from https://gavingroup.ca/nhl-tax-calculator/

If Montreal offers Sergachev $6.250 mil per year and he signs it. Tampa would match it. Sergachev would pay $2.370 mil in taxes in Tampa but $3.440 mil in Montreal. That is roughly $1.070 mil more. Montreal would have to offer $9.0 mil for Sergachev to take home the same amount that $6.25 mil gets him in Tampa.

Cirelli in Winnipeg. $5.5 mil contract. $2.00 mil in taxes in Tampa and $2.74 mil in Winnipeg. $.744 mil more

Cernak in Toronto $4.00 mil contract. $1.44 mil in taxes in Tampa and $2.11 mil in Toronto. $.660 mil more

Just a $1.0 mil contract in LA would cost $.335 mil in taxes in Tampa and $.442 in LA. Over 10% more.

Yes figures can be manipulated but no wonder players want to sign in these lower taxed markets.

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Vincent Lecavalier: $0

Draft	Round 1	Round 2	Round 3	Round 4	Round 5	Round 6	Round 7
2020
2021
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ROSTER SIZE	SALARY CAP	CAP HIT	OVERAGES	BONUSES	CAP SPACE
15	$81,500,000	$76,166,666	$0	$0	$5,333,334

Left Wing	Centre	Right Wing
Johnson, Tyler $5,000,000$5,000,000 RW, C, LW NTC UFA - 4	Stamkos, Steven $8,500,000$8,500,000 LW, C NMC UFA - 4	Kucherov, Nikita $9,500,000$9,500,000 RW NMC UFA - 7
Killorn, Alex $4,450,000$4,450,000 RW, LW M-NTC UFA - 3	Point, Brayden $6,750,000$6,750,000 C, RW UFA - 2	Palat, Ondrej $5,300,000$5,300,000 LW, RW NTC UFA - 2
Goodrow, Barclay $925,000$925,000 C, LW UFA - 1	Coleman, Blake $1,800,000$1,800,000 RW, LW UFA - 1	Gourde, Yanni $5,166,666$5,166,666 C, LW, RW NTC UFA - 5
	Paquette, Cédric $1,650,000$1,650,000 C, LW, RW UFA - 1

Left Defense	Right Defense	Goaltender
Hedman, Victor $7,875,000$7,875,000 LD NMC UFA - 5		Vasilevskiy, Andrei $9,500,000$9,500,000 G UFA - 8
McDonagh, Ryan $6,750,000$6,750,000 LD NTC UFA - 6		McElhinney, Curtis $1,300,000$1,300,000 G UFA - 1
Coburn, Braydon $1,700,000$1,700,000 LD NTC UFA - 1

Sep. 18, 2020 at 2:22 p.m.

Book_Hockey

Joined: Sep. 2019

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Biz is that you?

Sep. 18, 2020 at 2:24 p.m.

Wpgman

Thread Starter

Wpgman

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Quoting: Book_Hockey

Biz is that you?

Sep. 18, 2020 at 2:30 p.m.

NMAvsFan

Representing the 505

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Edited Sep. 18, 2020 at 2:41 p.m.

Taxes are a consideration but they also want to win. Not many guys clamoring to go to South Beach when the Panthers suck. Bobrovsky got his cash but his chances of winning are pretty slim (not to mention he didn't play well). Plus, there are taxes other than income taxes. It's good that Tampa is well-constructed because if they weren't, nobody would want to go or stay for long. Also, correct me if I'm wrong but don't players pay taxes on game checks in the city/state where the game is played?

pinslack liked this.

Sep. 18, 2020 at 2:32 p.m.

pinslack

Joined: May 2019

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Good conclusion. It's why TB can hope their RFA accept less than what the market would give them. Radulov pretty much left* MTL due to taxes. Hopefully Molson is rich and MTL can offer contrats with bonus (in a certain way, that can compensate) ex. Edmundson, Chiarot & Aho attempt

Wpgman liked this.

Sep. 18, 2020 at 2:39 p.m.

DiehardRedWingsFan58

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Fat chance that Julien BriseBois doesn't match at least one of those offer sheets probably the Anthony Cirelli one. First off both Cirelli and Sergachev would need to sign them and i doubt they would. I'm sorry but $5.5m and $6.250m respectively for both Cirelli and Sergachev are probably not enough to get either to sign in high taxed Canada. Both probably need to be offer $7+ million each for them to sign one.

Sep. 18, 2020 at 2:42 p.m.

aadoyle

Hakuna Matata

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u forgot something we got that cash money in toronto and can give Cernak some big fat signing bonuses. Meaning more Cash Money for his pocket

Sep. 18, 2020 at 2:46 p.m.

jasalex

GO BOLTS

Joined: Jun. 2018

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Quoting: aadoyle

u forgot something we got that cash money in toronto and can give Cernak some big fat signing bonuses. Meaning more Cash Money for his pocket

you have 6 mill in space and only 18 players signed. You are in trouble as much as TB.

Sep. 18, 2020 at 2:47 p.m.

aadoyle

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Edited Sep. 18, 2020 at 2:53 p.m.

Quoting: jasalex

you have 6 mill in space and only 18 players signed. You are in trouble as much as TB.

not really we dont have NTC and NMC's holding us back so we can move johnsson and Kerfoo giving us an extra 6.9 mill in cap space. Yzerman gave Gourde, Johnsson, Palat NTC's before he left so Tampa is ****ed moving those guys as the teams they would waive to go to have no cap space or dont need em.

Sep. 18, 2020 at 2:53 p.m.

Wpgman

Thread Starter

Wpgman

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Quoting: DiehardRedWingsFan58

The post was not about if the players were going to sign or not but about the difference in taxes between NHL cities. Check out California and see their tax rate.

Sep. 18, 2020 at 2:53 p.m.

#10

NHLfan10506

Joined: May 2019

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Quoting: NMAvsFan

Also, correct me if I'm wrong but don't players pay taxes on game checks in the city/state where the game is played?

Yes, they can, there is a complicated formula they can use but I believe it is a tax avoidance strategy used for players in high-tax states. And signing bonus would be home state. Either way, markets like Tampa, Dallas, Nashville, Seattle, Vegas have huge advantage.....especially over places like California and New York.

Wpgman, MisstheWhalers, NMAvsFan and 1 other person liked this.

Sep. 18, 2020 at 2:57 p.m.

#11

EnvironmentalTwister

Joined: Feb. 2019

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Cernak's the only possible guy that would actually cause Tampa not to match

Sep. 18, 2020 at 3:00 p.m.

#12

Wpgman

Thread Starter

Wpgman

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Quoting: EnvironmentalTwister

Cernak's the only possible guy that would actually cause Tampa not to match

I think someone would offer Sergachev a big contract. My guess is Montreal.

Sep. 18, 2020 at 8:12 p.m.

#13

aadoyle

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Quoting: Wpgman

I think someone would offer Sergachev a big contract. My guess is Montreal.

montreal has no need for more LD with the signing of Edmundson they got no need for him. The rangers or winnipeg maybe

Sep. 19, 2020 at 7:05 p.m.

#14

Slimycoldcutswork

SLIMY

Joined: Apr. 2019

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I think the point that is getting lost here is that the salary cap ceiling doesn't care about local tax rates. Realistically, Tampa cant match these values. The guys could also get traded to another team (rather than getting offersheeted) and end up making far more after taxes than he would on these salary figures in TBL/FLA/NSH/VGK/DAL. it doesnt really matter what the taxes paid are on an 8mm AAV if Tampa can only pay the guy like 4.7ish mm AAV.

Sep. 20, 2020 at 10:53 a.m.

#15

Wpgman

Thread Starter

Wpgman

Joined: Feb. 2019

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Quoting: Slimycoldcutswork

The point of the post was if one of the 3 players want to make more money and stay in Tampa, an offer sheet is what they want. Whatever happens to these 3 players the phones will be crazy busy after the playoffs are done.

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