Around the NHL — Episode XLXVII

Korpse

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Feb 5, 2010
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I think Lebrun reporting that he will leave high tax state California explains the why. Will probably move to one of the no state tax states so he'll keep more of the money. Smart move, gives him that extra bit of security down the road + pay less taxes on it.

He might get away with paying less taxes but he is losing out on a significant amount of potential investment gains. Waiting till 2035 and having the deferred salary being paid out over 10 years is insane to me, especially if you are worried about the money you are losing to taxes.
 

frightenedinmatenum2

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Sep 30, 2023
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He might get away with paying less taxes but he is losing out on a significant amount of potential investment gains. Waiting till 2035 and having the deferred salary being paid out over 10 years is insane to me, especially if you are worried about the money you are losing to taxes.

I assume that had to factor in. Even with the cap going up, I don't think he is the type of player who would have gotten 18M with a traditional 3 year contract. It seems like they overpaid him to compensate for the opportunity cost of the deferred money, and he took it because he gets to double dip by living in a more favorable tax state.

He's what, a 4.5M player in a best case scenario? Yes, he had 37 goals last year, but he is on pace for about 20 now, which is his career norm.

I swear if one of us figured this out a few years ago, we could have become the GM of the Senators. You're telling me if we snuck into Club Bell and told Eugene that we had a scheme that would allow him to push all the money to 2035, where the new owners would have to foot the bill, he wouldn't put Pierre on the first 95 back to Orleans?
 

Korpse

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I assume that had to factor in. Even with the cap going up, I don't think he is the type of player who would have gotten 18M with a traditional 3 year contract. It seems like they overpaid him to compensate for the opportunity cost of the deferred money, and he took it because he gets to double dip by living in a more favorable tax state.

He's what, a 4.5M player in a best case scenario? Yes, he had 37 goals last year, but he is on pace for about 20 now, which is his career norm

It did factor into the value of the contract. He deferred 4.71m of it to become 9m in value by 2044. Coming to a total of 18m rather than 13.71m as the AAV would suggest. Inflation is likely going to eat up nearly half of that difference in value but I guess he saves some money in taxes while getting a poor return on money he could have invested.
 

Beech

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Nov 25, 2020
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Minnesota has low-key been one of the best drafting teams of the past few years.
no.. they hit some homeruns in the 2012-2016 window.
And they have traded and FA signed well.

Their drafting 2017-2024 is just as poor as everyone else. They are being sustained by their 28-32 year olds. That will end in the next 2-3 years and Minnesota is back in the basement. Unless, of course, their management continues to excel in FA and trades!!!
 

Sens of Anarchy

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Jul 9, 2013
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pretty tight ; close to half way in the season

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