SalarySwishSalarySwish
Avatar

SoFlaSooner

Member Since
May 27, 2018
Favourite Team
Florida Panthers
2nd Favourite Team
Dallas Stars
Forum Posts
66
Posts per Day
0.0
Forum: NHL SigningsApr. 11 at 4:38 p.m.
Thread: Vegas Golden Knights signed Noah Hanifin (8 Years / $7,350,000 AAV)
<div class="quote"><div class="quote_t">Quoting: <b>Random2152</b></div><div>This contract is a pretty good example on how tax advantage is much smaller than most people think given his offer in CGY was for 7.5. Like yeah it totally exists but it isnt really anything to get antsy about and claim it to be a massive factor. 0.15M is roughly the gap.</div></div>

This doesn't make sense. The tax advantage is substantial and much more than $150k.

The difference for Hanifin each year making $7.35M in Vegas vs. Calgary is $640k take home:

Vegas (taxed at 38.9% from https://www.talent.com/tax-calculator?salary=7350000&amp;from=year&amp;region=Nevada): $7.35M -&gt; $4.49M take home
Calgary (taxed at 47.6% from https://ca.talent.com/tax-calculator?salary=7350000&amp;from=year&amp;region=Alberta): $7.35M -&gt; $3.85M take home

If Hanafin stays all 8 years in Vegas, the total take home difference between signing in Vegas vs. Calgary is $5.12M. This would mean Hanafin would have to play over 9 years in Calgary to take home the same earnings as he does in 8 years in Vegas.