The CBA is heavily flawed. We see these flaws in action every year. Makes no economic sense. If you're a max-type talent, you'll get your max. Would you rather play for a winner or a loser. Most -- not all -- but most would prefer the winner, and as we know some guys will play for a significant discount to be on a winner.
Economic theory would say you entice those guys by offering more money: CBA says you can't. So Lebron and Wade and Bosh all decide to team up because (a) they're already loaded (b) they want to win and (c) FL tax situation helps too -- thus let's play together in Miami even though Wade already had a chip and let's not play in Clevland or god-forbid Canada
CBA needs some major reworking
It is a 12% difference which is huge when you are talking about millions of dollars.
easy answer: reduce the amount of money given to players who play in states that don't tax them.
CrushAlot wrote:The Heat also can emphasize the impact of having no state income tax in Florida. According to sports accountant Robert Raiola, Miami can offer Whiteside a contract starting at $16 million that would net the same amount of money after taxes as signing with the Lakers starting at $18.1 million. Taking that approach would allow the Heat to bring Wade back at $15 million and leave Miami with $10 million in cap space to fill out its roster. It would also give Miami flexibility in 2017 when the cap will approach $109 million.
http://sports.yahoo.com/news/summer-agen...
What if the player gets traded to say the Knicks who have excessive income tax. Now he went from 16 Million without income tax to 16 Million with. Essentially the player would have lost money. It would be in the players best interest to take the 18 million from the Heat just in case he got traded.
Vmart wrote:CrushAlot wrote:The Heat also can emphasize the impact of having no state income tax in Florida. According to sports accountant Robert Raiola, Miami can offer Whiteside a contract starting at $16 million that would net the same amount of money after taxes as signing with the Lakers starting at $18.1 million. Taking that approach would allow the Heat to bring Wade back at $15 million and leave Miami with $10 million in cap space to fill out its roster. It would also give Miami flexibility in 2017 when the cap will approach $109 million.
http://sports.yahoo.com/news/summer-agen...
What if the player gets traded to say the Knicks who have excessive income tax. Now he went from 16 Million without income tax to 16 Million with. Essentially the player would have lost money. It would be in the players best interest to take the 18 million from the Heat just in case he got traded.
i agree. They need to find away to create an equal playing field for all involved. 18 mil annually in Florida is significantly more than 18 mil in LA.
CrushAlot wrote:The Heat also can emphasize the impact of having no state income tax in Florida. According to sports accountant Robert Raiola, Miami can offer Whiteside a contract starting at $16 million that would net the same amount of money after taxes as signing with the Lakers starting at $18.1 million. Taking that approach would allow the Heat to bring Wade back at $15 million and leave Miami with $10 million in cap space to fill out its roster. It would also give Miami flexibility in 2017 when the cap will approach $109 million.
http://sports.yahoo.com/news/summer-agen...
So what are the MORE reasons?? We already knew this right??
newyorker4ever wrote:CrushAlot wrote:The Heat also can emphasize the impact of having no state income tax in Florida. According to sports accountant Robert Raiola, Miami can offer Whiteside a contract starting at $16 million that would net the same amount of money after taxes as signing with the Lakers starting at $18.1 million. Taking that approach would allow the Heat to bring Wade back at $15 million and leave Miami with $10 million in cap space to fill out its roster. It would also give Miami flexibility in 2017 when the cap will approach $109 million.
http://sports.yahoo.com/news/summer-agen...
So what are the MORE reasons?? We already knew this right??
ya agree, does not seem like this should be new info/situation. this is in the cbafaq since it comes up so much
http://www.cbafaq.com/salarycap.htm#Q78
the lakers until recently were able to get players despite the possibility of being double taxed for some road games. bulls players seem to be really at risk for double taxation.
sidsanders wrote:newyorker4ever wrote:CrushAlot wrote:The Heat also can emphasize the impact of having no state income tax in Florida. According to sports accountant Robert Raiola, Miami can offer Whiteside a contract starting at $16 million that would net the same amount of money after taxes as signing with the Lakers starting at $18.1 million. Taking that approach would allow the Heat to bring Wade back at $15 million and leave Miami with $10 million in cap space to fill out its roster. It would also give Miami flexibility in 2017 when the cap will approach $109 million.
http://sports.yahoo.com/news/summer-agen...
So what are the MORE reasons?? We already knew this right??
ya agree, does not seem like this should be new info/situation. this is in the cbafaq since it comes up so much
http://www.cbafaq.com/salarycap.htm#Q78
the lakers until recently were able to get players despite the possibility of being double taxed for some road games. bulls players seem to be really at risk for double taxation.
I don't see how these #s are possible, though. As far as I know, you're only paying state taxes on the home games, or half of the season. So it would be 2.1 out of 9 mil (almost 25%) in California state taxes?! That can't be.
