That can also backfire on you if you aren't too careful about it (or have a team that's already good). The Coyotes had a mixed relationship with it, having most of those features (Arizona does have state income tax, but it's not very high). However, the team was shitty for many years and lacked the internal budget to chase big names, thanks in part to the constant ownership fiasco. The result of it all was that we had no trouble attracting often-lesser free agents who wanted to sign a contract and then mail it in while getting paid, because not many people actually cared.