2024 Offseason - moving forward

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Meds
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Re: 2024 Offseason - moving forward

Post by Meds »

Topper wrote: Tue Jun 25, 2024 9:16 am
rikster wrote: Tue Jun 25, 2024 8:12 am
Topper wrote: Tue Jun 25, 2024 7:12 am Florida December to February

Edmonton December to February
Fair point...

Would be interesting to know what the off ice opportunities are for players playing in Florida as compared to players in Edmonton or Vancouver...

Take care..
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Re: 2024 Offseason - moving forward

Post by Diehard1 »

donlever wrote: Mon Jun 24, 2024 7:11 pm
Chef Boi RD wrote: Mon Jun 24, 2024 7:04 pm I was born and raised here and I wouldnt want to play here. Most of them don’t.
Fairly arbitrary comment imo.

I'd bet both Bedard and Celebrini would have loved to play here.
I'm a north shore guy and I know for a fact that both of them want to play here. Whether that happens in the future or not who knows, things change when you get settled in another city, but if you asked me right now I would not be surprised at all if both of them play here at some point during their careers.
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Re: 2024 Offseason - moving forward

Post by Diehard1 »

Chef Boi RD wrote: Tue Jun 25, 2024 7:45 am
rikster wrote: Tue Jun 25, 2024 6:51 am
donlever wrote: Mon Jun 24, 2024 6:45 pm One word.

Florida.

Second words.

No State tax.

Interwebz rumorz have Florida and Sam close to on the same page for a deal already....

I agree on the local talent however.
Not sure I buy into the no tax argument...

New York and California are heavily taxed States and they don't seem to be bothered when attracting talent...

Not to mention Florida teams are struggling with cap issues like the majority of the league is...

Saw a twitter post saying that on a $3 million dollar contract a Toronto player pays $500,000 more in taxes than a Florida player does...

At todays exchange rate, $3 million US is worth $4.1 million in Canadian dollars, so without understanding any other tax issues that may be involved it seems to me players would want to play in Canada where they get paid in US dollars...

Take care...
Paul Reinhart had a successful finance career after his NHL career. You know Paul is advising his son to max his financial earnings on his next contract taking in account tax savings. The tax implications are definitely on the minds of the Reinhart family with Sam’s next and final contract. Paul who I believe still lives in Vancouver I imagine is telling his so to stay the fuck out of Vancouver if he goes to market, lol.
Yep Paul still lives in West Van. Sam has a place downtown and lives here in the off-season but doesn't seem to want to play in Van. To each their own I guess.

As for the tax difference between areas, it's nowhere near as simple as you think. You are taxed based on where you earn your money - i.e. if you play a game in Seattle, LA or Dallas you are taxed based on your earnings there. Athletes are set up with a CWA (Central Withholding Agreement) and pay tax into that until it gets settled later on. It definitely 'smooths' out the taxes paid in each city somewhat so it's nowhere near as easy as saying you pay income tax in Florida based on their rates and tax in BC based on ours. There's probably a number of other ways to figure out the tax that I'm missing, but suffice to say each of these guys has their own tax lawyer who knows what they are doing. I really wish the media would pay more attention to tax laws when they talk about the difference in earnings between cities!
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Re: 2024 Offseason - moving forward

Post by 5thhorseman »

I asked my AI app to compare the tax rates of NHL players in different cities, and it consistently answered that the lowest tax rates are in Calgary and Edmonton, followed closely by Florida.
NHL players face varying tax rates depending on the city and team they play for. Here are some key points about NHL player tax rates:
1. Players in Canadian cities like Montreal, Toronto, and Ottawa face some of the highest tax rates, with Montreal having the highest at around 54%.
2. Teams in Alberta (Calgary Flames and Edmonton Oilers) have the lowest tax rates in the NHL, with players retaining about 61% of their income after taxes.
3. In the United States, California teams (Anaheim, Los Angeles, San Jose) have some of the highest tax rates, around 53%.
4. Florida teams (Tampa Bay Lightning, Florida Panthers) benefit from no state income tax, with tax rates around 40.5%.
5. The league average income tax rate for a $5 million contract is approximately 46.55%.
6. Teams in states with no income tax, like Texas (Dallas Stars) and Tennessee (Nashville Predators), have lower overall tax rates, around 40.5%.
7. New York teams face relatively high tax rates, with players retaining about 51-52% of their income.
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Re: 2024 Offseason - moving forward

Post by Meds »

5thhorseman wrote: Tue Jun 25, 2024 2:58 pm I asked my AI app to compare the tax rates of NHL players in different cities, and it consistently answered that the lowest tax rates are in Calgary and Edmonton, followed closely by Florida.
NHL players face varying tax rates depending on the city and team they play for. Here are some key points about NHL player tax rates:
1. Players in Canadian cities like Montreal, Toronto, and Ottawa face some of the highest tax rates, with Montreal having the highest at around 54%.
2. Teams in Alberta (Calgary Flames and Edmonton Oilers) have the lowest tax rates in the NHL, with players retaining about 61% of their income after taxes.
3. In the United States, California teams (Anaheim, Los Angeles, San Jose) have some of the highest tax rates, around 53%.
4. Florida teams (Tampa Bay Lightning, Florida Panthers) benefit from no state income tax, with tax rates around 40.5%.
5. The league average income tax rate for a $5 million contract is approximately 46.55%.
6. Teams in states with no income tax, like Texas (Dallas Stars) and Tennessee (Nashville Predators), have lower overall tax rates, around 40.5%.
7. New York teams face relatively high tax rates, with players retaining about 51-52% of their income.
That would certainly seem to sell the argument that it’s more about location, location, location.
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Re: 2024 Offseason - moving forward

Post by rikster »

Mëds wrote: Tue Jun 25, 2024 3:28 pm
5thhorseman wrote: Tue Jun 25, 2024 2:58 pm I asked my AI app to compare the tax rates of NHL players in different cities, and it consistently answered that the lowest tax rates are in Calgary and Edmonton, followed closely by Florida.
NHL players face varying tax rates depending on the city and team they play for. Here are some key points about NHL player tax rates:
1. Players in Canadian cities like Montreal, Toronto, and Ottawa face some of the highest tax rates, with Montreal having the highest at around 54%.
2. Teams in Alberta (Calgary Flames and Edmonton Oilers) have the lowest tax rates in the NHL, with players retaining about 61% of their income after taxes.
3. In the United States, California teams (Anaheim, Los Angeles, San Jose) have some of the highest tax rates, around 53%.
4. Florida teams (Tampa Bay Lightning, Florida Panthers) benefit from no state income tax, with tax rates around 40.5%.
5. The league average income tax rate for a $5 million contract is approximately 46.55%.
6. Teams in states with no income tax, like Texas (Dallas Stars) and Tennessee (Nashville Predators), have lower overall tax rates, around 40.5%.
7. New York teams face relatively high tax rates, with players retaining about 51-52% of their income.
That would certainly seem to sell the argument that it’s more about location, location, location.
Would be interesting for Dhaliwal or any in the media to ask a player agent if the list of cities players put on their no trade list is tax based or where the city is located or for any other reason?...

Take care...
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Re: 2024 Offseason - moving forward

Post by Chef Boi RD »

Diehard1 wrote: Tue Jun 25, 2024 2:04 pm
donlever wrote: Mon Jun 24, 2024 7:11 pm
Chef Boi RD wrote: Mon Jun 24, 2024 7:04 pm I was born and raised here and I wouldnt want to play here. Most of them don’t.
Fairly arbitrary comment imo.

I'd bet both Bedard and Celebrini would have loved to play here.
I'm a north shore guy and I know for a fact that both of them want to play here. Whether that happens in the future or not who knows, things change when you get settled in another city, but if you asked me right now I would not be surprised at all if both of them play here at some point during their careers.
They’re young. Sure they’d be on board with it as they are just simply thrilled to be drafted but once they get some miles on them they’ll be glad they didn’t end up in this fishbowl
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Re: 2024 Offseason - moving forward

Post by Topper »

They want to win. They are also young dumb and full of cum.

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Re: 2024 Offseason - moving forward

Post by Diehard1 »

Chef Boi RD wrote: Wed Jun 26, 2024 6:08 am
Diehard1 wrote: Tue Jun 25, 2024 2:04 pm
donlever wrote: Mon Jun 24, 2024 7:11 pm
Chef Boi RD wrote: Mon Jun 24, 2024 7:04 pm I was born and raised here and I wouldnt want to play here. Most of them don’t.
Fairly arbitrary comment imo.

I'd bet both Bedard and Celebrini would have loved to play here.
I'm a north shore guy and I know for a fact that both of them want to play here. Whether that happens in the future or not who knows, things change when you get settled in another city, but if you asked me right now I would not be surprised at all if both of them play here at some point during their careers.
They’re young. Sure they’d be on board with it as they are just simply thrilled to be drafted but once they get some miles on them they’ll be glad they didn’t end up in this fishbowl
Not sure the fishbowl matters to these guys, especially Bedard - he's been dealing with that since he was 15 as the next coming of Crosby, McDavid, etc.

I definitely agree that who knows what they'll want to do in the future, it depends on family more than anything. Need to find out where their future wives/girlfriends are from because that will hold as much weight as anything else.
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Re: 2024 Offseason - moving forward

Post by theman »

Blueger re-signed, 2 years, 1.8 mil per

https://x.com/dhaliwalsports/status/180 ... s1igZokqEQ
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Re: 2024 Offseason - moving forward

Post by Cornuck »

Diehard1 wrote: Wed Jun 26, 2024 12:46 pm Not sure the fishbowl matters to these guys, especially Bedard - he's been dealing with that since he was 15 as the next coming of Crosby, McDavid, etc.
I definitely agree that who knows what they'll want to do in the future, it depends on family more than anything. Need to find out where their future wives/girlfriends are from because that will hold as much weight as anything else.
Fishbowls, wives, climate etc- it's all part of the equation. I think that at a certain stage of a player's career, the needs will change.

Starting out - if they're given a choice, they'll pick the best opportunity to build their career. If they can get the most minutes playing in Winterpeg, they'll go there. Showcase their skills, to sign a bigger contract there or somewhere else.

Mid career, would be similar, but they might have a family now and that can factor into it.

As the career winds down, I'm guessing family, stability and the opportunity to contribute - and maybe merge into an office job are factors. Some players after a long career might just want one last shot at a Cup.

I think that taxes and weather would be down the list at all stages. But then, these are all assumptions on our part.
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Re: 2024 Offseason - moving forward

Post by Picker of Cherries »

theman wrote: Wed Jun 26, 2024 3:15 pm Blueger re-signed, 2 years, 1.8 mil per

https://x.com/dhaliwalsports/status/180 ... s1igZokqEQ
Nice, took a hundred thousand pay cut.
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Re: 2024 Offseason - moving forward

Post by theman »

Picker of Cherries wrote: Wed Jun 26, 2024 3:27 pm
theman wrote: Wed Jun 26, 2024 3:15 pm Blueger re-signed, 2 years, 1.8 mil per

https://x.com/dhaliwalsports/status/180 ... s1igZokqEQ
Nice, took a hundred thousand pay cut.
TSN is saying 1 year not 2 but same $ amount
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Re: 2024 Offseason - moving forward

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and submits meal receipts to the scooterboy
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Re: 2024 Offseason - moving forward

Post by theman »

theman wrote: Wed Jun 26, 2024 3:35 pm
Picker of Cherries wrote: Wed Jun 26, 2024 3:27 pm
theman wrote: Wed Jun 26, 2024 3:15 pm Blueger re-signed, 2 years, 1.8 mil per

https://x.com/dhaliwalsports/status/180 ... s1igZokqEQ
Nice, took a hundred thousand pay cut.
TSN is saying 1 year not 2 but same $ amount
TSN has corrected their tweet, it is 2 years
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