Fix the income tax debate

[bigbadbruins1]

While it has constantly be raised, it is becoming more and more apparent as the cap increases, the teams in no or low income tax states will gain benefits for the higher tier players. A solution came to mind that I think would be fair, an NHLPA escrow of 20%( or whatever is agreed upon) and if they are in a state with income tax, that income tax % is deducted from the escrow %. Probably not the first time this idea has been floated, but I think with 100m+ contracts being thrown around, and players NTC/NMC teams always including multiple no income tax states, it should be at least considered.

Also take into account, while it may not directly correlate, that 5 of the last 7 stanley cup champions are from no income tax states. ( TB, TB, COL, LV, FL, FL, CAR)

 

[nogatco rd]

Also take into account, while it may not directly correlate, that 5 of the last 7 stanley cup champions are from no income tax states. ( TB, TB, COL, LV, FL, FL, CAR)

Interesting cutoff. How about the 7 seasons before that?

 

[Claypool]

Just get rid of the salary cap. Problem solved.

 

[bigbadbruins1]

Interesting cutoff. How about the 7 seasons before that?

true. but I picked 2020, the current decade. but you aren't wrong.

 

[Gizmokov]

How to fix the debate:

Watch hockey

 

[bigbadbruins1]

How to fix the debate:

Watch hockey

Location: Florida.

got it.

 

[CokenoPepsi]

the NHLPA finally got rid of escrow for a bit, no chance they are accepting that

 

[M88K]

Debate falls apart when you look at Nashville and it's entire existence with subpar success.
Seattle stuck in mediocrity.

Dallas doesn't get any cheap contracts with it's no tax either.

Harley is going to be the 4th highest paid blue liner this season, and he's not even top 30 in terms of talent or impact.

Florida and Vegas are on teams lists because they are successful and the quality of life. The "tax advatage" is overplayed.

What's next we give Winnipeg a bump too because nobody wants to waste away in a frozen tundra all winter?

 

[wunderpanda]

While it has constantly be raised, it is becoming more and more apparent as the cap increases, the teams in no or low income tax states will gain benefits for the higher tier players. A solution came to mind that I think would be fair, an NHLPA escrow of 20%( or whatever is agreed upon) and if they are in a state with income tax, that income tax % is deducted from the escrow %. Probably not the first time this idea has been floated, but I think with 100m+ contracts being thrown around, and players NTC/NMC teams always including multiple no income tax states, it should be at least considered.

Also take into account, while it may not directly correlate, that 5 of the last 7 stanley cup champions are from no income tax states. ( TB, TB, COL, LV, FL, FL, CAR)

a better solution is getting rid of income tax in all the other states & provinces

 

[bigbadbruins1]

Debate falls apart when you look at Nashville and it's entire existence with subpar success.
Seattle stuck in mediocrity.

Dallas doesn't get any cheap contracts with it's no tax either.

Harley is going to be the 4th highest paid blue liner this season, and he's not even top 30 in terms of talent or impact.

Florida and Vegas are on teams lists because they are successful and the quality of life. The "tax advatage" is overplayed.

What's next we give Winnipeg a bump too because nobody wants to waste away in a frozen tundra all winter?

While management is absolutely a key component, if you were offered 130 million contract from LV and lost, or carolina, who just won the cup... would 12 million sway you toward LV?

I'm just trying to isolate the pure financial benefit. adding ownership and management is just a pure crapshoot.

 

[GKJ]

Be a better franchise

 

[Gil Gunderson]

Didn’t Carolina just win the Cup being 14 mil under the Cap?

 

[I Hate Blake Coleman]

a better solution is getting rid of income tax in all the other states & provinces

Hell yeah

 

[Sensmileletsgo]

Debate falls apart when you look at Nashville and it's entire existence with subpar success.
Seattle stuck in mediocrity.

Dallas doesn't get any cheap contracts with it's no tax either.

Harley is going to be the 4th highest paid blue liner this season, and he's not even top 30 in terms of talent or impact.

Florida and Vegas are on teams lists because they are successful and the quality of life. The "tax advatage" is overplayed.

What's next we give Winnipeg a bump too because nobody wants to waste away in a frozen tundra all winter?

What if a team gets an extra 100k in salary cap for every day of the year it is below freezing. Extra 100k for every day it’s below -30. I’m just spitballing here.

 

[Sensmileletsgo]

a better solution is getting rid of income tax in all the other states & provinces

Now we’re making progress.

 

[Mr Kot]

Just get rid of the salary cap. Problem solved.

This but unironically.

 

[bigbadbruins1]

Didn’t Carolina just win the Cup being 14 mil under the Cap?

are you looking at the 25-26 cap or 26 -27?
they had somewhere between 8-9m (87.5m cap hit, 95.5 m cap), which to your point is still a significant amount.

 

[viper0220]

The only solution is relocating all the teams to states that have tax advantages.

 

[AhosDatsyukian]

Didn’t Carolina just win the Cup being 14 mil under the Cap?

And NC has income tax lol

 

[93LEAFS]

The only solution is relocating all the teams to states that have tax advantages.

Just abolish the cap and let the free market take care of itself, and get rid of bigger markets having to share revenue.

 

[chaser17]

Maybe no salary cap wasn't such a bad thing, players are playing a dangerous game fleeing the teams that actually make the league money for small, warm market tax havens.

 

[Kryten]

the NHLPA finally got rid of escrow for a bit, no chance they are accepting that

Escrow is always a thing since the lockout. Its just less now that the players dont have to pay off the covid years anymore

 

[Gil Gunderson]

Just abolish the cap and let the free market take care of itself, and get rid of bigger markets having to share revenue.

The NHL is a competitor to the other NA major leagues. Doing this would be a great way to ensure it falls behind even more.

Also 80% of NHL owners would be completely against this. It would destroy NHL team valuations too.

 

[danisonfire]

Make the actual cap hit reflect the after tax amount that the player takes home.

 

[Puckstop40]

When did this start becoming an issue? I’ve been on this site for a long time and it wasn’t until the Florida teams started finding success that this was ever brought up.