OFFICIAL AROUND THE NBA: OCTOBER 2023

Welcome to our community

Be a part of something great, join today!

Register Log in
OneSport3 said:
The Mavericks don’t look good at all. They didn’t really improve in the off-season.
Click to expand...
You honestly just typed this collection of words and felt strongly enough about them to hit the POST REPLY button? Good lord almighty.
 
Phatguysrule said:
I think Texas and Miami are better examples due to their tax structure.

LA is is the only market that overcomes taxes.
Click to expand...
Oh I’m not agreeing with him, I’m just saying he used NYC as a big city draw. I think these guys care more about taxes. Thats why everybody has places in Texas for the offseason.
 
OneSport3 said:
What’s funny about Dallas is that it should be a desired destination for free agents but they always miss on targets. Big city, tax-friendly, great motivated owner.
Click to expand...
Embiid ??
 
THE HCP said:
Oh I’m not agreeing with him, I’m just saying he used NYC as a big city draw. I think these guys care more about taxes. Thats why everybody has places in Texas for the offseason.
Click to expand...
That doesn't make sense to me. You pay taxes based on where you play your games.
 
Eastoff said:
That doesn't make sense to me. You pay taxes based on where you play your games.
Click to expand...

well, for instance, if you use Dame as an example. Has about 210M left on his contract. If he gets half of that in a not-tax state like Miami, he's only on the hook for Federal taxes. But Wisconsin's income tax rate for max earners in 7.6%, or around 760K per 10M. So Dame will pay over 8M more in state taxes in Wisconsin than he would have in Florida

Dame's endorsement income is estimated to be in the 16-20M/ year range. If you assume 70M for 4 years in Wisconsin, there's another 5.3M he's paying to Wisconsin he' wouldn't pay to Florida

total of around 13M more in Wisconsin. Not, I don't know about tax credits and other offsets he might get, But 12-13M dollars is kind of significant
 
Eastoff said:
That doesn't make sense to me. You pay taxes based on where you play your games.
Click to expand...
IIRC, if you live in an income tax state and work in a non-income tax state, you still end up paying tax on that income. People who live in OR and work in WA...confirm?
 
Phatguysrule said:
I think Texas and Miami are better examples due to their tax structure.

LA is is the only market that overcomes taxes.
Click to expand...
Somebody would have to explain why the small market team in Texas has done the best
 
blazerfan11 said:
Somebody would have to explain why the small market team in Texas has done the best
Click to expand...
Tax incentive, draft luck, and superior management.

No Texas team is really a small market. Texas has 1.5 times the population of New York.
 
PtldPlatypus said:
IIRC, if you live in an income tax state and work in a non-income tax state, you still end up paying tax on that income. People who live in OR and work in WA...confirm?
Click to expand...

upload_2023-10-5_15-54-25.png

https://huddleup.substack.com/p/why-athletes-pay-taxes-in-every-state

and I'm pretty sure there is a federal law preventing double taxation. I'm not sure if this is part of the anti-trust exemption or not

you know who gets screwed? Phoenix Suns players. Arizona has a 2.5 tax rate. California has a top rate of 13.3%. And since all 4 of Phoenix's division rivals are in California, that means they have 8 games/year in California; essentially 10% of their total games are taxed at that rate....ouch!
 
I always thought pro franchises should have a tax adjustment pool based on base salaries. Contracts for the same amount in TOR and HOu are wildly different.
 
wizenheimer said:
View attachment 57902

https://huddleup.substack.com/p/why-athletes-pay-taxes-in-every-state

and I'm pretty sure there is a federal law preventing double taxation. I'm not sure if this is part of the anti-trust exemption or not
Click to expand...
Yeah, I think we all know that. That's separate from what I'm talking about. I'm talking about (for example) a Portland Trailblazer who lives in Oregon who would play (say) 5 games in Texas, and 2 more in Florida. No income tax would be levied by those states on the income for those games. On that player's Oregon state tax return, that income would be recorded as income earned in states that do not charge income tax, thus meaning that that income would also be subject to his home state's tax rate. If said player had a home in Texas and filed as a resident there instead of Oregon, he would avoid paying state income tax on those 7 games.
 
PtldPlatypus said:
Yeah, I think we all know that. That's separate from what I'm talking about. I'm talking about (for example) a Portland Trailblazer who lives in Oregon who would play (say) 5 games in Texas, and 2 more in Florida. No income tax would be levied by those states on the income for those games. On that player's Oregon state tax return, that income would be recorded as income earned in states that do not charge income tax, thus meaning that that income would also be subject to his home state's tax rate. If said player had a home in Texas and filed as a resident there instead of Oregon, he would avoid paying state income tax on those 7 games.
Click to expand...

ok...I see what you were getting at...you had to speak slower to me, thanks

to answer your query...I don't know
 
Phatguysrule said:
Tax incentive, draft luck, and superior management.

No Texas team is really a small market. Texas has 1.5 times the population of New York.
Click to expand...
So Sacramento is a big market too?

I disagree. San Antonio and Sacramento are one-horse-town small markets. San Antonio built a football stadium and nobody showed up.

The only reason we even care about San Antonio is because of two people: David Robinson and Tim Duncan.

upload_2023-10-6_1-19-15.jpegupload_2023-10-6_1-19-15.jpeg
 
blazerfan11 said:
So Sacramento is a big market too?

I disagree. San Antonio and Sacramento are one-horse-town small markets. San Antonio built a football stadium and nobody showed up.

The only reason we even care about San Antonio is because of two people: David Robinson and Tim Duncan.

View attachment 57911View attachment 57910
Click to expand...
When Sacramento or San Antonio are good they get the support of the whole state. Those are far larger markets than Portland can tap into.

It's not about butts in seats fior players. It's about

It's about individual sponsorships. San Antonio is an hour from a million people in Austin. Sacramento is within 2hrs from San Jose and a million people. Not to mention other large population centers in both states.

Both are far closer to far more people than Portland is, and those people reside within the same state. These are advantages Portland can't compete with market wise.

But the income tax is the bigger issue.
 
Last edited:
Phatguysrule said:
When Sacramento or San Antonio are good they get the support of the whole state. Those are far larger markets than Portland can tap into.
Click to expand...

Let me assure you that Sacramento will never get the support of the whole state of California. Between the Warriors in northern Cali and 2 teams in SoCal (who are we kidding, it's the Lakers), the Kings will always be an after-thought in the state. They are the Clippers of northern Cali. I have no idea how it works with San Antonio and Texas.
 
andalusian said:
Let me assure you that Sacramento will never get the support of the whole state of California. Between the Warriors in northern Cali and 2 teams in SoCal (who are we kidding, it's the Lakers), the Kings will always be an after-thought in the state. They are the Clippers of northern Cali. I have no idea how it works with San Antonio and Texas.
Click to expand...
They don't need the support of the whole state of California to be bigger than true small markets like Portland and Utah. Or Milwaukee.

There is more potential there.

However, the taxes are the bigger issue. And I didn't say Sacramento or San Antonio were large markets, I simply said that California was able to overcome the tax issue.

They are more appealing than the true small markets because they have built in advantages that the others don't have.
 
This is anecdotal info but in over a decade of living in socal, even warriors gear is a rare occurrence here, including the time they were dominant, I don't think I ever noticed anyone wearing kings gear.

The point is that being a California team doesn't seem to carry much favors for them around here. I don't think California residents have the same kind of state "pride" that Texans seem to have.
 
andalusian said:
This is anecdotal info but in over a decade of living in socal, even warriors gear is a rare occurrence here, including the time they were dominant, I don't think I ever noticed anyone wearing kings gear.

The point is that being a California team doesn't seem to carry much favors for them around here. I don't think California residents have the same kind of state "pride" that Texans seem to have.
Click to expand...
I've always had the impression that to Texans, all of Texas is sacred, whereas to southern Californians, the northern half of the state may as well not exist.
 
You must log in or register to reply here.

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top