Idea re taxes and salary cap

[tinyzombies]

What if the teams that were in high tax states/provinces were allowed dispensation for a certain number of contracts to add a certain amount to their cap? Say three contracts, they could add 250k each to cover additional taxes (which they would then pay the player presumably)?

How Much Do NHL Players Really Make? Part 2: Taxes

Click to read more...

 

[Weezeric]

Can the cap be adjusted based on weather also? Teams from the north should have a larger cap to make it more even.

 

[tinyzombies]

I wonder who would vote for that. The 7 Canadian teams, of course. Both NY teams and 3 California teams probably. Minnesota, NJ. That's 14 votes, plus the NHLPA would absolutely say yes.

They would need to find a few more votes I guess.

 

[bukwas]

I think we'll just have to learn to live with a slightly uneven playing field.

 

[CaptBrannigan]

Special dispersion for climate, real estate taxes, sales taxes, endorsement opportunities, school qualities...etc coming up too?

The amount of effort spent whining about one variable of the thousands is absurd.

 

[Golden_Jet]

What if the teams that were in high tax states/provinces were allowed dispensation for a certain number of contracts to add a certain amount to their cap? Say three contracts, they could add 250k each to cover additional taxes (which they would then pay the player presumably)?

They already can give huge signing bonuses to avoid taxes, well big market teams can.

 

[KrisLetAngry]

Not going to lie. I actually do think that there should be some sort of balance to make it a bit more even.

It first off has to be a reasonable amount.

 

[BigBadBruins7708]

What if the teams that were in high tax states/provinces were allowed dispensation for a certain number of contracts to add a certain amount to their cap? Say three contracts, they could add 250k each to cover additional taxes (which they would then pay the player presumably)?

ok, but teams that are in the bigger cities get their cap reduced based on endorsement opportunities that smaller markets dont have

and teams with a rich history get theirs reduced for offering a prestige that lesser franchises cant.

 

[KrisLetAngry]

They already can give huge signing bonuses to avoid taxes, well big market teams can.

I believe bonuses have been a bit limited on contracts going forward.

 

[CupsOverCash]

Also make it based on the cost of living, insurance, bonuses and also whether or not you can make up for taxes with big advertising/promotion services. Also if people are in warm weather they have to have the house ac down all the way to even out the temperature. Even Steven's guys!!

 

[Empoleon8771]

The people who suggest making the salary cap have any tax dependence:

1. Don't understand how taxes are collected in the NHL (they're collected based on where you're playing games, so it's not 100% home)
2. Don't understand the different levels of how teams are taxed (teams like Tampa don't have "no taxes", they have no state income tax, which is a small portion of total taxes)
3. Don't understand that there is a cost of living difference between cities, one you can easily complain about not being included in the salary cap
4. Don't understand that there is a quality of life difference between cities, one you can easily complain about not being included in the salary cap
5. Don't understand that making a tax dependent salary cap is extremely complicated and puts pressure on government officials to make decisions based on sports, which is absolutely not what a government should be doing.

 

[Butch 19]

What if the teams that were in high tax states/provinces were allowed dispensation for a certain number of contracts to add a certain amount to their cap? Say three contracts, they could add 250k each to cover additional taxes?

250k is tip money

 

[nbwingsfan]

Not going to lie. I actually do think that there should be some sort of balance to make it a bit more even.

It first off has to be a reasonable amount.

As others stated, are we also adding rules for climate, team prestige, locations where more players are from, real estate and endorsement opportunities?

Toronto gets players because they grew up fans and massive endorsement opportunities

NYR/Boston/Montreal get it from team prestige (and Detroit used to)

Pens would get it so players could play with Crosby/Malkin

Vancouver has one of the worst housing markets around, should they get more cap?

NYR get players because its New York

Should Winnipeg/Edmonton get added cap because everyone hates the weather)

 

[HansonBro]

I'm not against some balancing for tax reasons. If making 6 million per in Vegas is like making 7 million in Calgary, Vegas surely has an advantage

 

[Iapyi]

250k is tip money

Not for every team : Dallas Hotel suing the Edmonton Oilers for unpaid hotel stays

 

[Zach716]

Both NY teams

3 NY teams

 

[T REX]

Why can't they just leave that poor horse alone...

 

[Golden_Jet]

How Much Do NHL Players Really Make? Part 2: Taxes

Nice article, but never took signing bonuses into consideration, or you pay taxes in city you played your games in.

ie Matthews 15 million in signing bonus, 15% tax
9ook, regular tax

 

[WTFMAN99]

Eliminate signing bonuses but only count net take home pay on the salary cap? Eliminate the loop hole with Vegas etc.

 

[ole ole]

They already can give huge signing bonuses to avoid taxes, well big market teams can.

Doesn't help the cap. I like his idea. NHL claims it wants parity then they should do something about leveling the playing field.

 

[Mrfenn92]

Just plain silly

 

[Midnight Judges]

The people who suggest making the salary cap have any tax dependence:

1. Don't understand how taxes are collected in the NHL (they're collected based on where you're playing games, so it's not 100% home)
2. Don't understand the different levels of how teams are taxed (teams like Tampa don't have "no taxes", they have no state income tax, which is a small portion of total taxes)
3. Don't understand that there is a cost of living difference between cities, one you can easily complain about not being included in the salary cap
4. Don't understand that there is a quality of life difference between cities, one you can easily complain about not being included in the salary cap
5. Don't understand that making a tax dependent salary cap is extremely complicated and puts pressure on government officials to make decisions based on sports, which is absolutely not what a government should be doing.

I think you make great points.

#5 though - I doubt any US cities or states give a crap about the NHL's salary cap.

 

[Legionnaire]

I think you make great points.

#5 though - I doubt any US cities or states give a crap about the NHL's salary cap.

Maybe not, but their constituents do.

I mean, two of the markets re-elected crack smoking mayors. You can't tell me that people wouldn't vote based on the promise of a winning sports franchise after that and have me believe it.

 

[Legionnaire]

The people who suggest making the salary cap have any tax dependence:

1. Don't understand how taxes are collected in the NHL (they're collected based on where you're playing games, so it's not 100% home)
2. Don't understand the different levels of how teams are taxed (teams like Tampa don't have "no taxes", they have no state income tax, which is a small portion of total taxes)
3. Don't understand that there is a cost of living difference between cities, one you can easily complain about not being included in the salary cap
4. Don't understand that there is a quality of life difference between cities, one you can easily complain about not being included in the salary cap
5. Don't understand that making a tax dependent salary cap is extremely complicated and puts pressure on government officials to make decisions based on sports, which is absolutely not what a government should be doing.

This post should be stickied.

 

[Evergreen]

Can the cap be adjusted based on weather also? Teams from the north should have a larger cap to make it more even.

There should also be a way of ranking how desirable a city is to live/play in, so then we can adjust the salary cap based on that score. So NYC and LA would have a lower cap than Winnipeg or Columbus.