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KUUUCH
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Forum:
Armchair-GM
Mar. 6, 2019 at 12:40 a.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>drewjenks</b></div><div>Yeah I'm sure Matthews accountants are using Gavin's tax calculator to file his returns .....
<strong>He'res an "American" article from Forbes ... it clearly outlines how US born players or prior US residents (Tavares, Matthews, etc) can pay Florida tax rates. </strong>
<a href="https://www.forbes.com/sites/seanpackard/2018/07/06/john-tavares-could-save-nearly-12-million-in-taxes-on-his-new-contract/#6a0de42d1ab7" rel="nofollow noreferrer noopener" target="_blank">https://www.forbes.com/sites/seanpackard/2018/07/06/john-tavares-could-save-nearly-12-million-in-taxes-on-his-new-contract/#6a0de42d1ab7</a>
<strong>Excerpt from the article:
</strong>
"Most of the time, when a player is on a good NHL team (i.e., one that goes deep into the playoffs) he is forced to become a resident of his team's town/state/country due to his extended presence there. But because so many of Tavares’ road games will be in the US, Tavares can avoid Ontario’s combined federal/provincial 53.53% tax rate by remaining a US resident.
Article XVI of the US-Canada tax treaty states that signing bonuses paid to a resident of the US by a Canadian team are taxed at 15% in Canada, and vice versa for US teams paying bonuses to Canadian residents.
Having his signing bonus taxed at the low rate of 15% in Canada ensures that Tavares would receive a full foreign tax credit on his US return for all taxes paid in Canada on both is signing bonus and his salary each season. If he plans properly, he could save over $11.7 million over the life of his contract.
Tavares is almost certainly a US tax resident and likely has been since he came to New York in 2009. In order to enjoy the full $11.7 million in tax savings he would need to maintain his residency in the US but would need to move to a tax-free state, such as Florida. This means selling his New York home and buying one in Florida.
Buying a home in Florida is not enough to become a Florida resident, especially if he is on a seven-year contract in Canada. He would need most treaty tie-breakers for residency to go to the US/Florida. Thus, he would need to avoid having a permanent abode in Canada. Simply put, he should not own real estate nor get a twelve-month lease in Toronto. Go with a nine-month lease each season. This would ensure that he would pay the 37% US federal rate on his signing bonus instead of Ontario’s 53.53%."
<strong>This took 10 seconds to find ... you suck at research. </strong></div></div>
<div class="quote"><div class="quote_t">Quoting: <b>drewjenks</b></div><div>Your regular salary is taxed based on region.
Your signing bonus is not.
Matthews contract is roughly 95% signing bonus ... so this doesn't really apply to him.</div></div>
How nice of you to correct your author's spelling errors ;)
Fact check, your signing bonus IS taxed by region, whether it be 15%, 53%, 37%, etc.
Congrats, you found another article. Now find me another. There's nothing else. Here's 5 that disagree with you:
<a href="https://oilersnation.com/2018/07/10/comparing-nhl-player-contracts-based-on-city/" rel="nofollow noreferrer noopener" target="_blank">https://oilersnation.com/2018/07/10/comparing-nhl-player-contracts-based-on-city/</a> (Oiler's pay the highest cap hit in the league (McDavid 12.5m)... Surely they know about this Canadian tax loophole too? And this article was written 4 days after yours...
"Tavares makes $11 million in Toronto and his net salary is $5.145 million, while Kucherov’s $9.5 million salary in Tampa Bay nets him $5.781 million. Kucherov still has a higher net salary playing in Tampa Bay, even though Tavares gets paid $1.5 million more in Toronto."
"Yes, it is true they get taxed on road games, so Kucherov will get taxed more on road, but that is only half his games and doesn’t really make up the difference in gap. It lessens it, yes, as I wrote above, but TB still has a big advantage over Toronto for instance."
<a href="https://www.bna.com/nhl-players-salaries-n73014470580/" rel="nofollow noreferrer noopener" target="_blank">https://www.bna.com/nhl-players-salaries-n73014470580/</a>
<a href="https://hockey-graphs.com/2019/01/08/how-much-do-nhl-players-really-make-part-2-taxes/" rel="nofollow noreferrer noopener" target="_blank">https://hockey-graphs.com/2019/01/08/how-much-do-nhl-players-really-make-part-2-taxes/</a>
<a>chrome-extension://cbnaodkpfinfiipjblikofhlhlcickei/src/pdfviewer/web/viewer.html?file=https://www.taxpayer.com/media/CTF-HomeIceDisadvantage.pdf</a>
<a href="https://thehockeywriters.com/inevitable-for-vegas-salary-cap-and-taxes/" rel="nofollow noreferrer noopener" target="_blank">https://thehockeywriters.com/inevitable-for-vegas-salary-cap-and-taxes/</a>
I'm no tax expert but I sure know how to point out contradictions...
These are the questions I developed from reading the original article (the only one I could find until you linked me to another one) <a href="http://www.mondaq.com/canada/x/779510/tax+authorities/Auston+Matthews+Shoots+And+Scores+Tax+Savings" rel="nofollow noreferrer noopener" target="_blank">http://www.mondaq.com/canada/x/779510/tax+authorities/Auston+Matthews+Shoots+And+Scores+Tax+Savings</a>
1. Why does the article use his first-year salary of 15.9m rather than his 11.634m cap hit? (makes "running some quick numbers" very confusing)
2. Why does the article LIE about the percent of games Matthews plays in Canada?? "(A quick glance at the team's schedule tell us this amounts to approximately 73 per cent of players' salaries.)"
I counted myself and the Leafs play 33 times in the U.S. this season. 59.7%. NOT 73%... They plug in 73% for all their "numbers" examples, which immediately is incorrect info and makes me want to stop reading any further into this sketchy article... But I continued reading and continued to find more BS.
3. "Why is residency important? Sticking with the Maple Leafs example, players who are residents of either Canada or the United States are taxed on their entire salary in their home country."
If this is so, what about players that are residents in Sweden, Finland, Russia, or other foreign countries? How do those players get taxed?
4. "Those who are considered residents of the U.S. must also pay tax in Canada – but only to the extent of time on Canadian soil."
Matthews is an example, "he plays 73% of his games in Canada" (which is a LIE, he plays 59.7% in CA). How is he getting taxed less if he plays majority of games in the highest tax rate region?
5. "A signing bonus is defined as a sum of money paid to an employee as an enticement or incentive to join a particular organization or sign a new contract."
If that's so, how is his signing bonus BUILT INTO his cap hit? 93.7& of his $58,170,000 is in signing bonuses... That's not an incentive, that's receiving your cap hit in other methods than base salary. If the quote is legit, signing bonuses would be in addition of the cap hit... Ex: getting a 1m signing bonus in addition to a 5m cap hit contract (6m total), would be incentive to pick that deal over a 5m cap hit w/o 1m bonus.
6. "The treaty provides that a signing bonus paid by a Canadian NHL team to a U.S.-resident player would be taxable in Canada – but that tax may not exceed 15 per cent of the gross amount of the payment."
Who ends up paying the taxes that Matthews avoided? The Canadian Government? Taxes don't just "disappear".
7. "Assuming the player's U.S. tax rate exceeds 15 per cent (it does, remember the 37-50 per cent), the bonus would effectively be taxable at a combined rate equal to his normal U.S. rates. And so, there is no Canadian tax cost disadvantage on the signing bonus amount."
Wtf is a "combined rate equal to his normal U.S. rates"? What are we combining? The bonus rate (15%)? If that's the case, how can you combine that rate with the normal U.S. rates (37-51%) and expect to get the same normal U.S. rate? If you combine the rates, you'd get a 51-66% U.S. tax rate. Which IS NOT "equal to his normal U.S. rates".
8. Since all the "numbers examples" that the article uses are falsely skewed... Let me make my own example with REAL analytics, that maintains the same "tax treaty claim" rules...
Matthews cap hit is 11.634m (fact). If 93.7% of his salary is paid via "signing bonus" (10.9m), and he gets taxed 15% in CA (plays 49 games in CA), then 6.5m gets taxed in CA over this season (15% = 975k).
Since the article is unclear regarding "the bonus would effectively be taxable at a combined rate equal to his normal U.S. rates" (LOL wut), I'll assume they mean that U.S. tax rates stay the same.
In this case, since 6.5m got taxed in his 49 CA games, that leaves 4.4m to be taxed in his 33 U.S. games. Based on the tax rates of where his 33 U.S. games take place @, the average tax rate is 43.31% (43.31% = 1.905m). Add that to the 975k and you get 2.88m.
Now for the base salary (735k). We know this number is getting taxed @ the real NHL tax rates. Since 41 games are in Toronto (53.09%) & 33 in the U.S (43.31%), the remaining 8 CA games tax rates avg is 50.87%. Altogether, the average of those 3 tax rates (with the 41/33/8 factor included) is 48.94% (48.94% = 360k). Add the 360k to the 2.88m.
So, according to my math Matthew's would pay roughly 3.24m in taxes AAV, and he'd pocket 8.394m in post-tax earnings. This is better than the 5.444m (post tax earnings) that the tax calculator shows, & it's also better than Tampa's post tax earnings (7.364m) when calculating the same 11.634m cap hit.
9. If we do the same math for his 15.9m first-year salary, 15.91m x .597 (CA game rate) x .15 (signing bonus tax %) = 1.425m in CA taxes paid.
Now U.S. taxes:....................................................................... 15.91m x .403 (US game rate) x .4331 (US tax % avg) = 2.777m in U.S. taxes paid.
Now 700k base salary taxes:................................................. 700k x .4894 (avg tax rate) = 343k
Add those up and you get 4.545m paid in taxes his first year... Not 2.5m like the article claims...
SOOOO bottom line is this: Clearly the math was completely incorrect from the article. But regardless, after doing my own math... The "tax treaty claim" does indeed leave Matthews with less taxes paid than the tax calculators will show... But my first 7 questions are legit and need answers in order for this whole "claim" to even be possible.
Forum:
Armchair-GM
Mar. 5, 2019 at 9:38 p.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>pharrow</b></div><div>Points focus is like many players, on getting paid. It's a job. They have a limited amount of time to make money. Why people confuse that because they like a player is beyond me. Every athlete knows it's a cash grab. No agent is telling them to look at the Tampa history of what they pay their players. A players value is what a players value is. Regardless of taxes. If McDavid played in TB he would have still signed the largest contract ever regardless of the tax situation. Because that's his value and he was being severely underpaid as a rookie. Much like Point is. You got your bargain years in. He's proved he's worth the money.
It doesn't matter what the tax rate is. His value is his value. If he makes out better after taxes so be it. But no one knows the tax future and that's why it's bad financial advice to say he should take less because of the taxes. For all you know, he'll get slapped with a huge tax in 3 years in a state that is turning blue. Then what? He took less and pays the taxes.
What ever his value is worth he will sign for that. Much like Lebron did. Maybe after Point makes his money he will go chasing rings. But right now, he's not wealthy and he needs the contract to pay out to secure his future.</div></div>
I understand the reasoning behind your opinion, but history & myself simply disagree with you. Maybe one day a bolt player will have this mindset, but so far we have no examples of such in our franchise's history. I've dug deep asf into the analytics regarding this topic. After comparing Point's projected career stats & accomplishments for when he'll sign this off-season, with Stamkos' resume the day he signed his first 7.5m x 5 yr deal in 2011... Stamkos' resume is irrefutably more appealing... His cap hit % was 11.6%. In today's NHL, the avg cap hit % for the best expiring ELC players is 10% tops, unless you're on a high tax rate team Like Matthews, McDavid, Eichel, (this isn't a coincidence)... PLUS, not only did Stamkos have more goals and ppg when he signed, he was able to accomplish that during an era when there was a league average of 5.32 total goals/game. As of this year, the league average is 6.02 total goals/game...
I could keep going on but it's not worth it, it's not like I NEED to prove analytics to you... It's not even that hard to look into, there's so many websites that you can use to look into trends, stats, etc.
Forum:
Armchair-GM
Mar. 5, 2019 at 7:31 p.m.
Thread:
Karlsson UFA
<a href="/users/tesau315" target="_blank">@tesau315</a> False alert, sister ended up sliding to tonight's game :shakehead
But I mean I pretty much agree with everything you said.
As for the signing bonus discussion, isn't the treaty claiming that signing bonuses get taxed 15% in CA but have normal tax rates when in U.S. , regardless if the bonus is tied to a business or not?
I look forward to reading your updated response after reading the article (again, my bad for forgetting to link it originally)
Forum:
Armchair-GM
Mar. 5, 2019 at 6:43 p.m.
Thread:
Karlsson UFA
<div class="quote"><div class="quote_t">Quoting: <b>tesau315</b></div><div>First of all, I really appreciate the dedication and research you did on this subject. It is nice to see that there are still people out there who would rather do the research themselves then let others tell them what is right and wrong.
Secondly, I will try and answer your points one by one, but some I will combine into one answer, just so you know.
1. What article are you referencing, as I would very much like to read it. From what I can gather from your what you are saying, this article seems to either be written by someone who never took math in high school, or by someone who writes for the Maple Leafs, which would make the first point also true.
2. I cannot speak for the article as I neither wrote it nor have I read it.
3-4. Players in the NHL get taxed in Canada for the games played in Canada and taxed in the US for games played in the US, regardless of nationality or residency. If this article is specifying anything different, then it should be discredited right away, as it is wrong.
5-8. So signing bonuses are different in the NHL. The NHL and NHLPA define a signing bonus as a portion of a players yearly salary that is to be paid out in a lump sum on July 1st of the playing year. It is more like an advance on salary rather than a signing bonus as stated. So for Tavares, his salary for the 2019-20 season is $15.9 million, but he receives his almost $15 million dollars of it on July 1st as a "signing bonus". The other $900,000 and change he gets as his salary throughout the remainder of the season. Signing bonuses in the NHL, and not just Canada from what I understand, can be paid to any organization that the players deems as well, not just themselves, as I said before. So players like Matthews, and Tavares have Incorporated either their names or a business that they then get their signing bonuses paid to, at a much lower tax rate than if they had it paid as personal income tax. This also eliminates the ability for the US to tax it as it was paid to a Canadian business, and not the player personally, as the US can only tax that players personal income made in other countries, and vice versa for players who play in the US and live in Canada. Essentially, when a player defers their signing bonus to a business, it falls under the small business tax code and not the personal income tax code, at least here in Canada.
Also, I have no clue what the combined tax rate they are talking about is.
9. Your math is correct and you have seem to have proven that article as grossly misleading. Just from what you have written here, I am excited to hopefully read this poorly written and researched article you have found. Also, US teams do offer signing bonus incentives, as many players have signing bonuses built into their contracts. It just seems like the amount is limited by the individual state's tax laws. I am going to do more research into that though.
Thanks for the thorough reply, it honestly made my day to read such a well researched and thought out observation on this subject.</div></div>
LOL I can't believe I forgot to add the link, my apologies. <a href="http://www.mondaq.com/canada/x/779510/tax+authorities/Auston+Matthews+Shoots+And+Scores+Tax+Savings" rel="nofollow noreferrer noopener" target="_blank">http://www.mondaq.com/canada/x/779510/tax+authorities/Auston+Matthews+Shoots+And+Scores+Tax+Savings</a>
I appreciate your intelligent & respectful response. I wasn't sure I was going to get one with the length of my comment lol. I love researching analytics so it was easy for me to sniff out some flaws lol. I'm bout to go to the Lightning vs Jets game so I'll hyu with a more in depth response later tonight.
Forum:
Armchair-GM
Mar. 5, 2019 at 4:31 p.m.
Thread:
Now Hear me out TB fans
hahahaha can't disagree there
Forum:
Armchair-GM
Mar. 5, 2019 at 2:12 p.m.
Thread:
Now Hear me out TB fans
<div class="quote"><div class="quote_t">Quoting: <b>Caniac2000</b></div><div>I said he had a generational ceiling.... my god please learn to read before you attack someone. Also that isn't generational. Generational is the people you'll remember most vividly from a certain era. Crosby Malkin Kane Ovechkin. He could easily be a player like that. He has a far greater skill set then point did at 18 and he has a far greater ceiling then point does meaning he has more value. Jesus. Regardless of what you want to say
STRICTLY IN TERM OF VALUE
Svechnikov >>>>>> Point
Argument over</div></div>
Is Evander Holyfield untouchable as well? Surely at least one of Carolina's "generational talents" is available right?
Forum:
Armchair-GM
Mar. 5, 2019 at 2:38 a.m.
Thread:
A likely Callahan trade
They looked into that buyout & immediately resign idea when they were deciding how to get rid of Lecavalier's OP cap hit, but the league said he couldn't resign until the following year.
I'd bring back Strals before Girardi personally, & I think we can get him for 2m at this point if not less, he's been iffy at times this year.
Not the best trade I've seen, but it's reasonable if other team's really gang up and charge more than the favor's worth.
Forum:
Armchair-GM
Mar. 4, 2019 at 11:16 p.m.
Thread:
Question
5.5-6m x 3
7-8.5m x 5
8.5-9.5m x 8
Forum:
Armchair-GM
Mar. 4, 2019 at 9:23 p.m.
Thread:
Karlsson UFA
<div class="quote"><div class="quote_t">Quoting: <b>tesau315</b></div><div>What do you mean it doesn't hold up? And you honestly think Karlsson won't want more than Doughty? And Stammer and Hedman took less because Yzerman is a great salesman, and was able to sell team success over personal gain to them.</div></div>
Yes I honestly think Karlsson is searching for a cup contender where he'd enjoy playing, before he looks for a possible extra mil elsewhere. It wasn't just Yzerman... Location, cup contenders, low tax rate were all factors.
Answer these questions for me regarding this "tax treaty loophole claim". BTW, the quotes in my questions are from the article.
1. Why does the article use his first-year salary of 15.9m rather than his 11.634m cap hit? (makes "running some quick numbers" very confusing)
2. Why does the article LIE about the percent of games Matthews plays in Canada?? "(A quick glance at the team's schedule tell us this amounts to approximately 73 per cent of players' salaries.)"
I counted myself and the Leafs play 33 times in the U.S. this season. 59.7%. NOT 73%... They plug in 73% for all their "numbers" examples, which immediately is incorrect info and makes me want to stop reading any further into this sketchy article... But I continued reading and continued to find more BS.
3. "Why is residency important? Sticking with the Maple Leafs example, players who are residents of either Canada or the United States are taxed on their entire salary in their home country."
If this is so, what about players that are residents in Sweden, Finland, Russia, or other foreign countries? How do those players get taxed?
4. "Those who are considered residents of the U.S. must also pay tax in Canada – but only to the extent of time on Canadian soil."
Matthews is an example, "he plays 73% of his games in Canada" (which is a LIE, he plays 59.7% in CA). How is he getting taxed less if he plays majority of games in the highest tax rate region?
5. "A signing bonus is defined as a sum of money paid to an employee as an enticement or incentive to join a particular organization or sign a new contract."
If that's so, how is his signing bonus BUILT INTO his cap hit? 93.7& of his $58,170,000 is in signing bonuses... That's not an incentive, that's receiving your cap hit in other methods than base salary. If the quote is legit, signing bonuses would be in addition of the cap hit... Ex: getting a 1m signing bonus in addition to a 5m cap hit contract (6m total), would be incentive to pick that deal over a 5m cap hit w/o 1m bonus.
6. "The treaty provides that a signing bonus paid by a Canadian NHL team to a U.S.-resident player would be taxable in Canada – but that tax may not exceed 15 per cent of the gross amount of the payment."
Who ends up paying the taxes that Matthews avoided? The Canadian Government? Taxes don't just "disappear".
7. "Assuming the player's U.S. tax rate exceeds 15 per cent (it does, remember the 37-50 per cent), the bonus would effectively be taxable at a combined rate equal to his normal U.S. rates. And so, there is no Canadian tax cost disadvantage on the signing bonus amount."
Wtf is a "combined rate equal to his normal U.S. rates"? What are we combining? The bonus rate (15%)? If that's the case, how can you combine that rate with the normal U.S. rates (37-51%) and expect to get the same normal U.S. rate? If you combine the rates, you'd get a 51-66% U.S. tax rate. Which IS NOT "equal to his normal U.S. rates".
8. Since all the "numbers examples" that the article uses are falsely skewed... Let me make my own example with REAL analytics, that maintains the same "tax treaty claim" rules...
Matthews cap hit is 11.634m (fact). If 93.7% of his salary is paid via "signing bonus" (10.9m), and he gets taxed 15% in CA (plays 49 games in CA), then 6.5m gets taxed in CA over this season (15% = 975k).
Since the article is unclear regarding "the bonus would effectively be taxable at a combined rate equal to his normal U.S. rates" (LOL wut), I'll assume they mean that U.S. tax rates stay the same.
In this case, since 6.5m got taxed in his 49 CA games, that leaves 4.4m to be taxed in his 33 U.S. games. Based on the tax rates of where his 33 U.S. games take place @, the average tax rate is 43.31% (43.31% = 1.905m). Add that to the 975k and you get 2.88m.
Now for the base salary (735k). We know this number is getting taxed @ the real NHL tax rates. Since 41 games are in Toronto (53.09%) & 33 in the U.S (43.31%), the remaining 8 CA games tax rates avg is 50.87%. Altogether, the average of those 3 tax rates (with the 41/33/8 factor included) is 48.94% (48.94% = 360k). Add the 360k to the 2.88m.
So, according to my math Matthew's would pay roughly 3.24m in taxes AAV, and he'd pocket 8.394m in post-tax earnings. This is better than the 5.444m (post tax earnings) that the tax calculator shows, & it's also better than Tampa's post tax earnings (7.364m) when calculating the same 11.634m cap hit.
9. If we do the same math for his 15.9m first-year salary, 15.91m x .597 (CA game rate) x .15 (signing bonus tax %) = 1.425m in CA taxes paid.
Now U.S. taxes:....................................................................... 15.91m x .403 (US game rate) x .4331 (US tax % avg) = 2.777m in U.S. taxes paid.
Now 700k base salary taxes:................................................. 700k x .4894 (avg tax rate) = 343k
Add those up and you get 4.545m paid in taxes his first year... Not 2.5m like the article claims...
SOOOO bottom line is this: Clearly the math was completely incorrect from the article. But regardless, after doing my own math... The "tax treaty claim" does indeed leave Matthews with less taxes paid than the tax calculators will show... But my first 7 questions are legit and need answers in order for this whole "claim" to even be possible.
Evidence for this claim being true:
My own personal math example (if it correctly follows the rules of the treaty), does show less taxes being paid by Matthews.
Evidence for this claim being BS:
There is only 1 article I can find that talks about this.
That 1 article is full of contradictions.
The article is Canadian (biased).
The highest paid NHL players are on high tax rate teams... Coincidence?
At most, maybe 10% of people on Capfriendly have mentioned this claim. Why aren't more people aware?
Nobody in that 10% has been able to answer the questions I linked to the article.
etc................
LAST QUESTION: If this is true, what would stop U.S. teams from doing the same thing & start paying their players 90%+ in signing bonuses also? U.S. teams should be able to benefit even more than the article is suggesting CA teams are benefiting.
Forum:
Armchair-GM
Mar. 4, 2019 at 5:31 p.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>pharrow</b></div><div>yeah he signed a one year deal though. He's only there to chase a ring.
On top of it his last contract paid him 62 million over 4 years. When has point made 62 million. Like never.
The comparison does not equal out at all.
You are talking about someone already set for life chasing a ring and comparing him to a player who's been making rookie money.</div></div>
Idek what you're trying to argue anymore. Yes, I'll admit Boogie had already racked up cash before taking his cheap deal. But when has a top NHL young gun ever left his draft team to immediately look for the biggest cap hit he can find? Examples like Kessel were due to not wanting to play for that franchise, not contract disagreements. Plus Point has openly said he wants to stay in Tampa, "He loves it here."
To your original comment "especially after the Matthews contract. Don't think Point didn't notice that one"... I think we can all agree that NHL players are up to date on the other NHL contracts being signed around the league. Canadian teams paying their players more than anyone else, IS NOT NEWS. Good for them (not for their cap hits), but Pointer's focus is on the history of what TAMPA pays THEIR players, not what cap hit he might be able to score on a Canadian team...
Forum:
Armchair-GM
Mar. 4, 2019 at 5:00 p.m.
Thread:
Karlsson UFA
<div class="quote"><div class="quote_t">Quoting: <b>tesau315</b></div><div>I get where you're coming from, but Point and his agent will want Marner money and they will fight tooth and nail for it. But they might settle for $9mil to stay on the team, who knows, Yzerman isn't there to negotiate for you guys any more.
As for Karlsson, he is going to get at least Doughty money, as I said, from another team. And tax breaks don't really matter anymore, look at Tavares and Matthews. Teams and Players agree on bonus heavy, front loaded contracts because a player can get his bonus money paid out to a corporation instead of as wages. So what players do is open a business under there name and get their bonuses paid to said business e.g. John Tavares Inc is where JT gets his bonuses paid to at a tax rate of less than 15%. So why would Karlsson ever take a discount when he can just do that to get around the taxes.</div></div>
We don't need Yzerman to keep the team friendly deals flowing. Disagree with Point & Karlsson demanding that much, it depends on where they sign & if they prefer a possible extra mil, or playing for a contender. I'm still waiting for explanation on the multiple contradictions with that "Canadian loophole claim", it may very well exist but the logic of that 1 Canadian article doesn't hold up, & neither do the NHL's top cap hits (they're all high tax rate teams). Why didn't Stamkos get more than Kopitar? Why didn't Hedman get more than Subban?
Forum:
Armchair-GM
Mar. 4, 2019 at 4:34 p.m.
Thread:
Karlsson UFA
<div class="quote"><div class="quote_t">Quoting: <b>LonK</b></div><div>No chance Point receive more than Kucherov.
And Kucherov receive money after Bridge deal.
Karlsson. Hedman+ taxes+ contender= discount.</div></div>
Perfectly said. Nobody considers the tax benefit & cup contender factors.
I think Karlsson takes 7.875m, exact same as Hedman. Why? They're both 28, both Norris winners (EK65's extra Norris title doesn't put him ahead of Hedman since Heddy holds the most recent Norris), both are Swede's, they're really good friends (+ Stammer, Kuch & others). They respect each other & each others skill level. Equal pay mentally supports them both. Meaning if one of them gets paid more, both players couldn't help but think that one with the higher salary is the better player. Equal cap hits maximize self confidence for both players.
Two 28 yr old top pairing, Norris winning, Swedish dmen, one LHD & one RHD, taking identical cap hits that expire the same year? Sounds like a realistic scenario to me.
Forum:
Armchair-GM
Mar. 4, 2019 at 3:58 p.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>jonesryan</b></div><div>Because Matthews isn't a Canadian citizen, he's only technically in Canada on whats known as a "work visa" and he has to have an address to return to, in other words the one he has in Arizona. So he's able to be taxed at that rate because of the treaty that's signed between Canada and the USA</div></div>
You essentially just repeated your previous response to me... I'm not hating or demanding that you explain every detail to me, I'm just saying that article has multiple contradictions which I've yet to hear explained. If it's real, why can't anyone explain these contradictions? Why is there only a single article discussing this claim? Why does the cap friendly tax calculator & all the other tax calculators show the tax benefits for teams like Tampa? Why have the high tax rate teams been the only ones paying their star players top dollar?
Forum:
Armchair-GM
Mar. 4, 2019 at 3:50 p.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>pharrow</b></div><div>so what does Cousins have to do with anything. He was chasing a ring. We know that has nothing to do with the tax in Cali.
I did not agree with you. Yes, the player does make money due to the lower taxes. But that doesn't mean he decreases his value.
Your decision making process is completely flawed.
It's like taking the annuity on the powerball. You just don't do it.
You don't know what the taxes will be in 20 years or 5 years for an NHL player.
Which is why you take the lump sum or you don't take less money if you are the player just because the taxes are lower.
You take your value.</div></div>
Cousin's is relevant because his pay cut example dismantles your "Lebron analogy". Regardless if taxes were the factor or not, it proves that not every star players get the salary they deserve. Are you telling me Boogie didn't decrease his value?
History disagrees with all of your "theories".
Forum:
Armchair-GM
Mar. 4, 2019 at 3:43 p.m.
Thread:
Now Hear me out TB fans
<div class="quote"><div class="quote_t">Quoting: <b>Caniac2000</b></div><div>Svech alone > Point. Just no. Svech could quiet easily get much more from other teams and he’s not going to cost you for 3 more years. He’s also arguably straight up a better player. No just no</div></div>
Let it all out bud. Whining about it isn't going to get you Point. And the only one making the argument that Svech is "straight up better", is yourself. Good luck in your wildcard campaign, maybe this is the year y'all sneak into the playoffs.
Forum:
Armchair-GM
Mar. 4, 2019 at 1:08 p.m.
Thread:
Now Hear me out TB fans
<div class="quote"><div class="quote_t">Quoting: <b>Caniac2000</b></div><div>That's a dumb overpayment just no.</div></div>
Maybe from Carolina's viewpoint. I'm more than happy to keep Pointer if Carolina ain't interested, he ain't leaving for cheap.
Forum:
Armchair-GM
Mar. 4, 2019 at 2:48 a.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>pharrow</b></div><div>yes, but that doesn't mean you care if the club pays you the same as other players. That's the point you aren't understanding. Like Lebron in the NBA. He didn't take a smaller salary to go to miami. He still took a max deal. You don't charge less for your service just because you pay less in taxes.</div></div>
You started your response with saying yes you agree, but then you contradict yourself saying "doesn't mean you care if the club pays you the same as other players." I think I understand it just fine... Again, post tax earnings are what players look at.
And for your Lebron analogy: Boogie Cousins signed a minimum payout contract so he could play with the Warriors.
Forum:
Armchair-GM
Mar. 4, 2019 at 2:37 a.m.
Thread:
Now Hear me out TB fans
Svechnikov, Hamilton, Bean for Cally & Point and it's done. Or swap Necas back in for Svechnikov, & add 1st & 5th rd picks.
Forum:
Armchair-GM
Mar. 4, 2019 at 1:12 a.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>Price_is_the_goat</b></div><div>i was being saarcastic bud</div></div>
ha. ha.
Forum:
Armchair-GM
Mar. 4, 2019 at 1:10 a.m.
Thread:
Point extends
<div class="quote"><div class="quote_t">Quoting: <b>DocArin0</b></div><div>Taxes have nothing to do with the Mathews deal. he is USA born with a birth state/residence in AZ he pays US taxes for the state of AZ</div></div>
Until someone explains to me the multiple contradictions in the 1 article in existence regarding that Canadian claim, I AIN'T BUYIN IT. Not until teams with lower tax rates start paying their players like the teams with higher tax rates are paying theirs. Is that part just coincidence?
Forum:
Armchair-GM
Mar. 4, 2019 at 1:00 a.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>Price_is_the_goat</b></div><div>cedrique pacquette? :)</div></div>
Last name C, not first
Forum:
Armchair-GM
Mar. 4, 2019 at 12:59 a.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>jonesryan</b></div><div>there's a treaty agreement between Canada and US for citizens who work in Canada but have a residential address in the states. Since Matthews is a US citizen and resides primarily in Arizona, he gets taxed differently. It's a whole lot to get into, but that's the gist of it</div></div>
How does Matthews primarily reside in Arizona when he plays 9 months of the year in Toronto?
You're damn right it's a whole lot to get into. I just read that article again and it still makes no sense. I think it's using Canadian dollars or something, they don't add up with the official contract numbers and it's making me think it's a completely fake article (especially since I literally couldn't find any other articles talking about this). It sounds like they're saying the signing bonus is what's making it possible, but if that's true, why couldn't Tampa do the same thing and start offering contracts paid in 90% signing bonuses so they're only taxed 15% as well? It talks about players who are residents of Canada or the U.S. getting taxed on their entire salary in their home country... What about the Fins, Swedes and other foreigners?
Forum:
Armchair-GM
Mar. 4, 2019 at 12:25 a.m.
Thread:
Point extends
Cap is gonna be 83 it sounds like, but I agree on these resigned deals too. I'd take 250k from cirelli and give it to joseph so they have twin deals. I don't see rutta in our future plans unless dude wants a minor league deal lol.
<div class="quote"><div class="quote_t">Quoting: <b>Wrestlingfan5</b></div><div>Idk Tampa I guess is good at signing players for less. I mean look at hedman’s, Stamkos, and Kucherov. All make less than 10 million. And all 3 are great players</div></div>
"Idk" YOU DO KNOW BROTHA, don't kid yourself! :applaud Tampa repeatedly has shown their ability to lock up star players@ team friendly rates... You can bring up all the analytics you want, the cap hit numbers don't lie...
<div class="quote"><div class="quote_t">Quoting: <b>DocArin0</b></div><div>When Stamkos signed he signed at 11.64% of the cap if you were to say that’s equal to what Point gets he still gets 10.2m. I’d argue Point gets more than Stamkos. Plus the cap is not going to be 86m. More like 81-83</div></div>
1. The cap ceiling is ever increasing. 2. Cap hit % isn't staying the same, nor is it going up with the rate of the increasing cap ceiling. It's going down, analytics prove it. Since 2015 no RFA 24 or younger has signed with a 11%+ cap hit % other than McDavid, Eichel, Draisaitl, Matthew (all tax inflated).
Forum:
Armchair-GM
Mar. 3, 2019 at 11:40 p.m.
Thread:
Who Will Tampa Move to Clear 13 Million in Cap Space
<div class="quote"><div class="quote_t">Quoting: <b>jonesryan</b></div><div>I'm pretty sure the article that was released stated that he was taxed in the American state that he resides in, so Arizona. I don't know if Arizona and Florida's taxes are the same without looking, but it is true that Matthews isn't taxed the high rate in Canada, its the lower one from Arizona</div></div>
Yes I read that part but correct me if I'm wrong, aren't you taxed based on the region. So if Matthew's plays 73% of his games in Canada, how does he get different tax rates? :huh
Forum:
Armchair-GM
Mar. 3, 2019 at 11:36 p.m.
Thread:
Bridge deal for point and fut
<div class="quote"><div class="quote_t">Quoting: <b>clark</b></div><div>does anyone really believe that point will waive his long term security just because tampa has hampered themselves with multiple no trade contracts and some iffy overpayments for some players. sure tampa has assembled a very good team, but a low ball team offer sure invites offer sheets or at least the threat of signing one by Point.</div></div>
Yea a lot of us do, but not for those "reasons". Point said he wants to make it work in Tampa. So if he thinks their negotiations are "low-balls", he'll tell them that. It's not like he would keep that opinion a secret and wait for a bigger deal from another team? Not a logical strategy if he truly wants to stay in Tampa.
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