I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax.
It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
I was suprised it was still an issue. I thought I had read the issue had been addressed w/ new CBAs, more specifically for the Canada team(s) as there are different taxes, FX, etc etc with living and working there.
Rookie wrote:I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax. It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
The cost of living is different everywhere in the country. State income tax aside, it's a lot cheaper to live in Salt Lake City, San Antonio, Denver, Charlotte, etc etc etc than NYC, LAL, Boston, DC, etc. Team salary caps don't adjust for that. It's the same for every team. So for teams in small markets that is also an advantage. So if state income tax is a problem, then it's just a small part of a much bigger problem. That is the way i see it at least.
Maybe it isn't fishmike. I'm just going by media reports during this FA period. For instance, while Trevor Ariza was offered the same deal by Washington and Houston, he will make an additional 3M for signing with Houston for the same contract duration.
Knixkik wrote:Rookie wrote:I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax. It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
The cost of living is different everywhere in the country. State income tax aside, it's a lot cheaper to live in Salt Lake City, San Antonio, Denver, Charlotte, etc etc etc than NYC, LAL, Boston, DC, etc. Team salary caps don't adjust for that. It's the same for every team. So for teams in small markets that is also an advantage. So if state income tax is a problem, then it's just a small part of a much bigger problem. That is the way i see it at least.
I don't think you can quantify cost of living as easily as you can real after tax dollars
Rookie wrote:I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax. It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
I have brought this up a lot. The cba needs to be adjusted to make it fair for all teams. It was just reported the other day that Ariza was offered the same contract from the Wiz and the Rockets. The report said that he chose the Rockets because the tax break made it much more lucrative to play in Texas with the tax break. Texas and Florida are the two states with nba franchises that I am aware of that have this benefit. Guys that play for the Nets and Knicks also have to pay an additional nyc income tax. It is around 12-13% of their income.
CrushAlot wrote:Rookie wrote:I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax. It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
I have brought this up a lot. The cba needs to be adjusted to make it fair for all teams. It was just reported the other day that Ariza was offered the same contract from the Wiz and the Rockets. The report said that he chose the Rockets because the tax break made it much more lucrative to play in Texas with the tax break. Texas and Florida are the two states with nba franchises that I am aware of that have this benefit. Guys that play for the Nets and Knicks also have to pay an additional nyc income tax. It is around 12-13% of their income.
It also came up a lot when Melo was visiting teams. In a comparison of offers, most media used after tax numbers to compare the differences in offers of NYK, Rockets, Mavs Bulls and Lakers.
Rookie wrote:CrushAlot wrote:Rookie wrote:I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax. It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
I have brought this up a lot. The cba needs to be adjusted to make it fair for all teams. It was just reported the other day that Ariza was offered the same contract from the Wiz and the Rockets. The report said that he chose the Rockets because the tax break made it much more lucrative to play in Texas with the tax break. Texas and Florida are the two states with nba franchises that I am aware of that have this benefit. Guys that play for the Nets and Knicks also have to pay an additional nyc income tax. It is around 12-13% of their income.
It also came up a lot when Melo was visiting teams. In a comparison of offers, most media used after tax numbers to compare the differences in offers of NYK, Rockets, Mavs Bulls and Lakers.
I saw that. I think even LA is a much more income tax friendly place to play. I believe the difference in net salaries was 6 mil for the first four years.
Agreed time to get rid of state income tax altogether.
Vmart wrote:Agreed time to get rid of state income tax altogether.
funny, if NYS passed a law that said professional athletes won't have to pay state or local income tax an outspoken owner like Cuban would probably shit a pickle. Do you think Dirk signs for 7M if he hadn't already benefited tens of millions of dollars in state tax
Do other sports do this? Other professions?
Bonn1997 wrote:Do other sports do this? Other professions?
Nascar? All of the cars follow strict guidelines to keep competitive balance
Rookie wrote:Vmart wrote:Agreed time to get rid of state income tax altogether.
funny, if NYS passed a law that said professional athletes won't have to pay state or local income tax an outspoken owner like Cuban would probably shit a pickle. Do you think Dirk signs for 7M if he hadn't already benefited tens of millions of dollars in state tax
Yeah, but the tradeoff is that he had to live in Texas. I don't know of many Europeans dying to live in Texas!
Bonn1997 wrote:Rookie wrote:Vmart wrote:Agreed time to get rid of state income tax altogether.
funny, if NYS passed a law that said professional athletes won't have to pay state or local income tax an outspoken owner like Cuban would probably shit a pickle. Do you think Dirk signs for 7M if he hadn't already benefited tens of millions of dollars in state tax
Yeah, but the tradeoff is that he had to live in Texas. I don't know of many Europeans dying to live in Texas!
they could at least have the additional money players receive count against the cap so that all teams have the same amount to spend on players. It's like NY has one cap and Texas and Florida have a higher cap threshold.
Bonn1997 wrote:Rookie wrote:Vmart wrote:Agreed time to get rid of state income tax altogether.
funny, if NYS passed a law that said professional athletes won't have to pay state or local income tax an outspoken owner like Cuban would probably shit a pickle. Do you think Dirk signs for 7M if he hadn't already benefited tens of millions of dollars in state tax
Yeah, but the tradeoff is that he had to live in Texas. I don't know of many Europeans dying to live in Texas!
But I'm sure there are a lot of Europeans and American players that want to live in Miami...
Maybe we can level the field for sales tax too since that's lower in NY than Fl or Tx. But we should be compensated for our lack of beaches and snowy winters.
Bonn1997 wrote:Maybe we can level the field for sales tax too since that's lower in NY than Fl or Tx. But we should be compensated for our lack of beaches and snowy winters.
What about commuting/traffic, real estate?
The City of New York is the advantage over most places correct
Knixkik wrote:Rookie wrote:I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax. It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
The cost of living is different everywhere in the country. State income tax aside, it's a lot cheaper to live in Salt Lake City, San Antonio, Denver, Charlotte, etc etc etc than NYC, LAL, Boston, DC, etc. Team salary caps don't adjust for that. It's the same for every team. So for teams in small markets that is also an advantage. So if state income tax is a problem, then it's just a small part of a much bigger problem. That is the way i see it at least.
Cost of living applies to people like us. It's almost irrelevant to people making millions. The tax on the other hand makes a sizeable difference.
meloshouldgo wrote:Knixkik wrote:Rookie wrote:I'm surprised that this issue isn't addressed by the NBA. It is not a level playing field when teams can use their state income tax laws to create an unfair advantage in recruiting players basically offering more then teams in states like NY that have a higher income tax. It really is as simple as using real after tax numbers instead of pre tax numbers. When a team in a particular state, like Texas for example, can offer a player an additional 4-5M more then another team, it creates an unfair advantage for that team that other teams in the league do not have. Am I wrong here?
The cost of living is different everywhere in the country. State income tax aside, it's a lot cheaper to live in Salt Lake City, San Antonio, Denver, Charlotte, etc etc etc than NYC, LAL, Boston, DC, etc. Team salary caps don't adjust for that. It's the same for every team. So for teams in small markets that is also an advantage. So if state income tax is a problem, then it's just a small part of a much bigger problem. That is the way i see it at least.
Cost of living applies to people like us. It's almost irrelevant to people making millions. The tax on the other hand makes a sizeable difference.
The same house might be $2 vs. 10 million. That's just as big a difference as the state income tax.
this tax break issue is stupid. new york city is the greatest city on earth despite the high percentage of riff raff in the knicks fanbase.
the reason players are loath to come here is not because of the tax situation it's because the knicks and msg have been so utterly shitty for so long that living in new york is not enough to make the commitment to come here.
maybe when that changes great players truly worth those millions won't care.
Papabear Says
New York city is the Greatest city in the world. They have so many great sports teams. There is a reason why the Knicks are worth over 2 billion dollars and the most valued sports basketball team in the world. We have some of the greatest fans in the world. People who work hard in their jobs and come to MSG and enjoy a boxing match, hockey, college ball, and the New York Knicks. Most people don't walk around with a chip on their shoulder 24-7. They enjoy the moment and that's why I will be going to about 10 Knicks games this season. 1 reason is because I can afford to.
2nd is because it's better to be happy and put all the doom and gloom behind you. It's more healthier. Ask any doctor.
They need to restructure the tax fees in the NBA so it can be fair to all.
