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What numbers are you using?
Florida: $12 x 0.63 = $7.56
Ontario: $12 x 0.4647 = $5.58
You might want to relearn the calculator.
Florida taxation: 37%
Ontario taxation: 53.53%[/quote]Like I said, I used the forbes tax calculator…I simply entered the salary, single person and selected area.
As previously mentioned, “not sure how accurate it is”Also, you have the exchange rate as well. the USD goes much further here……for now.
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Bro, are you serious?!?! If your boss said to you “we’re making some changes and you’ll be taking home 15% less,” you’d just be cool with that?!?!
That’s $1.2M per year! On an 8 year contract, that’s almost $10M!!! Nobody can convince me that doesn’t give some teams a HUGE advantage.[/quote]
To us yes of course thats huge and in general its a lot money.
But if youre an FA who has already made $50m in his career…or more…taking home another $51.2m vs $60m might not be as huge of a loss if one team provided a better chance to win.
Unfortunately for the leafs, the team that provides more take home money is also the team the has a better chance to win.
Just not sure how accurate the forbes tax calculator is…so numbers could be differentSo whats next for the leafs?
Maybe a mid range bottom 6 player? Roslovic, Olofsson? maybe 1 to 2 year deals?
You have to wonder if this is going to make it harder for the Leafs to re-sign Matthews once his current contract is up. This new CBA will literally cost Matthews millions out of pocket.
If matthews keeps his disappearing act in playoff games 5 – 7….would we really want to resign him?
If in the next 4 years matthews hasnt led this team to a couple of cup finals..or even one cup finals and several 3rd round appearances…..Im ok to move on from him.Do you actually believe Marner would have stayed here for $12 million? He’d be $14.5-$15.
$7-$9 is nothing more than upper average now.
2001-03 was a different era without a cap.
It’s a pretty basic thing to factor. Star players essentially want $7+ million take home post taxation. Yes, other factors matter, but that one is huge.[/quote]
The era doesnt really matter….there was still money to be had for the big boys…and no one was flocking to florida….they simply werent winning.
I already said its a factor…but its not “the” factor….no one would be signing for less to play for the panthers if they werent a winning franchise the past 3 years.
Winning is still the driver for most players. Winning, weather, taxes, anonymity, family.Mitch was offered $13.5….he wasnt staying for any amount imo, his mind was already made…his ego cant handle playing in Toronto.
The average nhl salary in 2003 was $1.7m
Now its about $3.4mI just ran a forbes tax calculator for a single person in florida and Ontario at a $12m salary
Florida take home was $7.6m after taxes
Ontario take home was $6.4m after taxesNot sure how accurate it is…but only about $1.2m difference.
in the new CBA the signing bonus is now capped at 60% – Signing bonuses will be capped at 60 percent of the full player’s salary
so a little advantage the Leafs had they are looking at as a problem…naturallyalso Jays giving 2015 vibes, but also how is that 10 years ago
Ya its been fun watching the Jays. The 2015 team had the raw talent to sustain winning all season…..Im worried, this team doesnt have that to sustain all year….that they may cool off.
But if they can get a big lead in the AL and only cool off to go 37 – 34 the rest of the season…that should be enough to get into the playoffs.
Plus they get varsho back and sure Santander (but he’s been garbage) and maybe one of these years Vladdy goes on a hot streak when it counts, along with getting another starter…..they may be able to do some damage. We’ll see.
Been fun so far though…just enjoying the ride.No Fake it’s becoming $ now. We never saw it before because the players didn’t make enough. Most of them still don’t. It’s the $10 mill plus players that it’s truly effecting.
Matthews makes league minimum for a reason and gets everything as a bonus while in Arizona. He saves 14.03% taxation that way. This year he literally saves a little more than $2 million.
You’ll see this more and more for a bit, and that’s because the league is literally trying to build up the popularity of the sport in the southern US so why stop it?[/quote]
Back in 2008 top players were making decent cash $7 -$9m (for that time)….no one was flocking to florida to play
In 2001 – 2003 top players were making $9 to $11.5m…..no one was flocking to florida to play.
Winning…changes everything.
Of course there are loop holes and tax breaks or lower taxes that players can take advantage of now to save money…of course that helps (along with weather)…not disputing that. But winning is the honey that attracts the bears and ants. If florida, tampa and dallas were garbage losing teams you think players would sign for less to play there?
Nope.
They take less, because they win….and they’ve built winning cultures…or even cultures that may be a “team first” culture. Which seems to be the exact opposite of what was built in Toronto.
Toronto got cocky and lazy….they thought everyone would want to play here cause its the “mecca of hockey”….so they seem to stop building a winning brand…they missed the boat and even homegrown talent got greedy or simply didnt want to stay and play.
But winning…can change that.
This notion that its all about taxes is BS…it helps….but so does winning and having a team first winning culture.And of course the league will never do anything help northern teams (except pittsburgh), for sure its all about the southern teams…need new fans.
Send Rielly to Van for Jake DeBrusk.
Knies, Matthews, Domi/Macelli
DeBrusk, Tavares, Nylander
McMann, Roy, Macelli/Domi
Lorentz, Laughton, PezzMcCabe, Tanev
OEL, Carlo
Benoit, Myers/Topi Niemela/Matt BenningAddition by substraction.
I dont think van does that deal.
Also, the minute you move out morgan, you need another top 4 D to replace him.
Our D core is old, Tanev and OEL are always questionable to survive the season. You need another top 4 or two to push them down and be able to give them days off.If you can choose between 4 or 5 good teams and 3 of them have no state tax compared to another 2 that have 20% more, I’m sure it’s a larger factor than you’d think. The fact that Florida, Tampa, Dallas and Vegas are all competitive teams is definitely going to help them – but it starts there. Having the tax advantage allows you to remain competitive longer and more easily because you do save $1m here or $2m there.
Something else that’s important is culture. Boston’s culture led to guys taking less to remain competitive. You’re seeing that in Florida now. You saw it in Tampa as well. Maybe Tavares’ latest contract can start something here, but I think as long as Matthews continues to seek ego-satisfying numbers, nothing will change here.[/quote]
The culture starts with winning, its simply not all about taxes….sure it may help but if you have a winning culture with a good locker room, players will go there.
Tampa, dallas and florida all had low tax rates for decades, its only until they started winning constantly that they began attracting so many players.
Nothing will change here in toronto until they begin to win in the playoffs.
Ok enough with the taxes bs.
Florida has had low taxes for pretty much its existence in the league, yet its only recently that they are attractive to players. Ffs bob had to be lure there with a crazy contract.
Its because they win…the past 3 years theyve been winners. Same with vegas.
They win
Im sure a little less tax is nice, but its not the major reason. If it was, players would be lining up to play for the kraken.The yank dollar taking a big hit, much like their economy. Going down, down down.
