Confirmed with Link: Rangers Sign Brendan Smith (4 years x $4.35M)

[dstoffa]

What Avery did is currently tax evasion by statute.

The IRS does allow employees to collect a tax free per diem as reimbursement for expenses, but the employee is legally required to submit an expense report and cannot keep the money without spending it on bonafide expenses, otherwise it must be reported as ordinary income

Depends on what he wrote ($$$) he received, and what he's entitled to in accordance with Federal "Per Diem" guidelines. Not to mention if an expense report is filed on his behalf... We just don't know.

From the IRS website:

6. When are per diem payments taxable?
Payments will be taxable to the employee when any of these situations are true:
· No expense report is filed with the employer,
· The expense report filed does not include the date, time, place, amount and business purpose of the expense,
· A flat amount is given to the employee and no expense report is required, or
· Per diem is paid in excess of the allowable standard federal rate.

If the per diem given to the employee is at or under the CONUS GSA Per Diem Rates (and that is a function of location), AND the expense report is completed and submitted, then it is indeed "tax free."

 

[Krams]

Depends on what he wrote ($$$) and what he's entitled to in accordance with Federal "Per Diem" guidelines.


If the per diem given to the employee is at or under the CONUS GSA Per Diem Rates (and that is a function of location), AND the expense report is completed and submitted, then it is indeed "tax free."

Are you available come next April?

 

[dstoffa]

Are you available come next April?

For free playoff tickets? Sure!!!


Seriously, I have, (and continue to) travel for business a lot. The majority of my travel falls under JTR (a 1000+ page document) which seems to get revised every other year so I need to keep up on it. I knew there was some good reason for me not being taxed on my per diem.

 

[GordonGecko]

Depends on what he wrote ($$$) he received, and what he's entitled to in accordance with Federal "Per Diem" guidelines. Not to mention if an expense report is filed on his behalf... We just don't know.

From the IRS website:


If the per diem given to the employee is at or under the CONUS GSA Per Diem Rates (and that is a function of location), AND the expense report is completed and submitted, then it is indeed "tax free."

Well, in the article he wrote that the Rangers fed, chauffeured, and housed him & the team everywhere they went so he didn't have any expenses and he pocketed the per diem and bought a house in the Hamptons with it, and he said he didn't pay any taxes.

So, uh, yeah why doesn't he write more articles lol

 

[dstoffa]

Well, in the article he wrote that the Rangers fed, chauffeured, and housed him & the team everywhere they went so he didn't have any expenses and he pocketed the per diem and bought a house in the Hamptons with it, and he said he didn't pay any taxes.

So, uh, yeah why doesn't he write more articles lol

The standard NHL Players Contract may specify that the team may be responsible for all taxes on per diem owed by the player. So he might be right in his statement.

Not being a former or current NHL player, I cannot state if this is a line item in the current bargaining agreement.

In the end, even though Sean writes he paid no taxes, he may have paid them by virtue of being a player (no pun intended) under a NHL contract.

 

[vladmyir111]

Maybe someone cares to make it an issue if your per diem is millions of dollars? I don't know, but I've gotten plenty and it's automatic without any requirements of proof as long as it fits into the mold of what it's there for. No one ever questions people or demands a write up if they get 300 a day for food and lodging and decided to sleep in a roach motel and eat mcdonalds a few times a day and walk away with a few thousand for a two week trip.

 

[Ori]

I`m really happy with this deal as well!
Hopefully he stay healthy!

 

[Larrybiv]

2 years from now, fans will criticize Gorton for handing out that NTC

Bump on Smith thread.
The Amazing Kreiderman strikes again with his foresight. Does anyone know if that NTC is in his contract?
I cant believe how badly this has turned out. For me, I was very excited about getting him and what he would bring.

Had a nice PO run with Brady as his partner......things looking good.
1. Gets nice contract
2. Goes to multiple weddings during off season, reports of drinking alot.
3. 1st year.......overweight and played horribly, eventually sent down
4. Off season......loses weight and promises to make good
5. 2nd year (this season) multiple benchings, lazy play, bad decisions, stupid penalties. Looking like a BAD player.

Apparently he is here for the NY ride. Ranger eorganization treats their players much like Detroit does. Probably not liking the rebuild and isnt really motivated to change anything.
Wow, I am very disappointed in this. Is there "any chance" of a team needing him at deadline? He did seem to like the PO's, maybe a team will bank on that and we can offload him for a 2nd rounder?

And to think......we could have drafted him in 2007, instead of Cherepanov.
Take that however you want to. Basically is
I suppose we thought so highly of Cherepanov, so high.....as to bypass taking Pacioretty (who grew up a Rangers fan)........right? Wouldn't that have been awesome to have him all these years, but ended up with a catastrophe. (God rest his soul)

 

[Larrybiv]

Maybe someone cares to make it an issue if your per diem is millions of dollars? I don't know, but I've gotten plenty and it's automatic without any requirements of proof as long as it fits into the mold of what it's there for. No one ever questions people or demands a write up if they get 300 a day for food and lodging and decided to sleep in a roach motel and eat mcdonalds a few times a day and walk away with a few thousand for a two week trip.

Where can i get a job like that? Lol.

 

[Amazing Kreiderman]

Bump on Smith thread.
The Amazing Kreiderman strikes again with his foresight. Does anyone know if that NTC is in his contract?

 

[Larrybiv]

Nice catch by me, huh? Your post, not so much on Smith acquisition.

 

[Off Sides]

That is not fair, I was the one arguing that neither Smith was a top 4 D or Shattenkirk was a top pair D and they were not what people thought they were going to be and Kreiderman was telling me I was incorrect.

 

[Amazing Kreiderman]

Nice catch by me, huh? Your post, not so much on Smith acquisition.

It's probably my 2nd best prediction in the last 2 years after publicly endorsing Kravtsov pre-draft

 

[Thirty One]

I thought this was an extension.

 

[Larrybiv]

That is not fair, I was the one arguing that neither Smith was a top 4 D or Shattenkirk was a top pair D and they were not what people thought they were going to be and Kreiderman was telling me I was incorrect.

Oh, were you? I am sorry @Off Sides. Anyone that saw this coming, is better than me. U know, there is only 2 choices. Either pro, or con. With support, or without.
He surely fooled me in the PO's......i suppose not you though.

I was wrong here, but right about Shatty. Doesnt make me happy being right about something that turned out so badly. Would have preferred to be wrong there and right about Smith.

Whatever is best for the Rangers, is preferred.

 

[Off Sides]

Oh, were you? I am sorry @Off Sides. Anyone that saw this coming, is better than me. U know, there is only 2 choices. Either pro, or con. With support, or without.
He surely fooled me in the PO's......i suppose not you though.

I was wrong here, but right about Shatty. Doesnt make me happy being right about something that turned out so badly. Would have preferred to be wrong there and right about Smith.

Whatever is best for the Rangers, is preferred.

On the first page of the thread I said a bunch of stuff, I never really liked Smith as a top 4, and never saw Shattenkirk as a top pair. I did not predict total failure yet was urging caution with just about every post.

 

[GAGLine]

Bump on Smith thread.
The Amazing Kreiderman strikes again with his foresight. Does anyone know if that NTC is in his contract?

It's a limited NTC. First 2 years, he submits a 15 team list and last 2 years, he submits a 10 team list. CapFriendly doesn't specify, but I assume those are teams to which he will not accept a trade. It wouldn't make sense that his trade protection would improve in the later years.

So, if we trade him before July 1st, 15 teams, after, 10 teams. Either way, I don't think it will be that much of an issue. Smith might welcome a change of scenery, regardless of the location.

Obviously though, finding a trade partner will be difficult. In the final year of his contract, he has a 1 mil signing bonus and his base salary is 2.35 mil. He could be an option after July 1st, 2020, to a cap floor team. Or maybe to other teams at 50% retained. I doubt we'll see anyone take him before then unless another contract with equal or worse term is coming back.

Maybe we could trade him for Gagner, Sobotka or Frolik.

 

[Larrybiv]

I thought this was an extension.

Oh please, he would be lucky to play another game. I just continued an old thread. Sometimes its funny to look back at older posts in regard to certain players.

 

[McRanger]

Saying that you called Smith being a disaster is like saying you called it when you tell someone to stay indoors because of inclement weather and they get crushed my a piano falling out of a window.

 

[Larrybiv]

It's a limited NTC. First 2 years, he submits a 15 team list and last 2 years, he submits a 10 team list. CapFriendly doesn't specify, but I assume those are teams to which he will not accept a trade. It wouldn't make sense that his trade protection would improve in the later years.

So, if we trade him before July 1st, 15 teams, after, 10 teams. Either way, I don't think it will be that much of an issue. Smith might welcome a change of scenery, regardless of the location.

Obviously though, finding a trade partner will be difficult. In the final year of his contract, he has a 1 mil signing bonus and his base salary is 2.35 mil. He could be an option after July 1st, 2020, to a cap floor team. Or maybe to other teams at 50% retained. I doubt we'll see anyone take him before then unless another contract with equal or worse term is coming back.

Maybe we could trade him for Gagner, Sobotka or Frolik.

Thanks, for info. You knkw, his salary really isnt "that bad" and i am just hoping that some team could "deem him to be" worth the gamble as he really was oustanding in PO's. Some players are iffy during the season, but when it counts they step up. Maybe he is that type player. Some team might gamble on that. Hopefully, same goes for Marc and Shatty. If we could move at least one of them.......that would be good.

 

[Off Sides]

Saying that you called Smith being a disaster is like saying you called it when you tell someone to stay indoors because of inclement weather and they get crushed my a piano falling out of a window.

I never said he was going to be a disaster,my debate was basically

I don't see Shattenkirk as a top pair player, I don't see Smith as a full time top 4 player.

 

[Hi ImHFNYR]

Smith's a good kid, good contrBWAAAAHHHAHAHAHAAAA ahhhhhh I'm sorry. Couldn't finish.

I thought hed be serviceable on the middle pair. Good call asshole

 

[McRanger]

I never said he was going to be a disaster,my debate was basically

I dont think expecting Smith to under perform or not live up to his contract was much of a stretch. You could make that assessment about pretty much any signing or draft pick and you're going to be right way more than you're wrong.

But at the time Smith was significantly closer to a top 4 D-man than Girardi and Staal were, at least based on his career up that moment. Having followed Smith for a while I would have thought it more likely he would get arresting for burning down a strip club than have serious conditioning issues.

His regression is as shocking as Skjei's.

 

[Off Sides]

I dont think expecting Smith to under perform or not live up to his contract was much of a stretch. You could make that assessment about pretty much any signing or draft pick and you're going to be right way more than you're wrong.

But at the time Smith was significantly closer to a top 4 D-man than Girardi and Staal were, at least based on his career up that moment. Having followed Smith for a while I would have thought it more likely he would get arresting for burning down a strip club than have serious conditioning issues.

His regression is as shocking as Skjei's.

I disagree in one regard, I too followed Smith, mostly I have a Detroit fan in the family and Smith was always super inconsistent and was never regarded as a long term top 4D solution in Detroit other than when he was paired with Green for part of a season, which Green was doing the good stuff. (I can probably find my posts relating in the thread when the Rangers first rented Smith) But I do agree about the strip club thing and expecting any signing to be pretty much under perform.

 

[McRanger]

I disagree in one regard, I too followed Smith, mostly I have a Detroit fan in the family and Smith was always super inconsistent and was never regarded as a long term top 4D solution in Detroit other than when he was paired with Green for part of a season, which Green was doing the good stuff. (I can probably find my posts relating in the thread when the Rangers first rented Smith) But I do agree about the strip club thing and expecting any signing to be pretty much under perform.

In terms of points Smith has always under produced, somewhat shockingly even, considering his skill level. But to me, at least through the lens of a Rangers fan and not Wings fan expecting great things from a 1st rounder, he was always a steady if underachieving D-man who would be a pretty significant upgrade over the crap options we've thrown out there even when we were having great seasons. That was how I saw it, anyway.

But to see him show up at camp a mess and then never regain his game (or even much of his mobility) is surprising. I mean this isn't your typical free agent bust where they decline because of age or injury or maybe its the same player just in a worse situation or not being used correctly. Its bizarre.