Not when you factor in real estate and property. Then add in capital gains on investments.
Salary Cap: RFA Marner - Silence until solution to the matter one way or the other
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MattySnipes
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Every organization has it's own benefits. The tax situation is always brought up on this site when contract negotiations come around.
It'll be interesting to see (next CBA) if any changes are made to signing bonuses, tax advantages in other organizations, etc.
DJIncognito
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Menzinger
Kessel4LadyByng
10.5x6 is loveable. It's an overpayment but if it takes a few hundred thousand extra to end this and not have to deal with it in 3 years or contemplate a trade, it's fine. Better than seeing an 11 mil aav too
It’s tolerable not sure it’s loveable, but if marner puts up numerous 100 points seasons and we see playoff success I guess it could be loveable
Both are great players and I hope both remain leafs but a goal scoring, point a game, defensively sound centre trumps a winger all day imho
HoweHullOrr
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Not exactly sure about the points you are trying to make (not a crystal clear post), but there is tax treaty between Canada and United States. One of the basic principles is eliminating a double taxation situation e.g. paying taxes to two countries for the same income. So he may have to file a Canadian tax return, but would get a credit for the U.S. taxes that are paid on his Canadian tax return (hence avoiding the double taxation).
There is another process that would apply here, namely the Determination of Residency Status. So, based on this process, if the individual is deemed not to be a resident of Canada, then the individual would not have to submit a Canadian tax return. If the person works in the U.S., pays taxes in the U.S., resides in a property in the U.S. that is owned by that individual, then typically that person would be deemed to be a non-resident.
And yes, getting paid in U.S. dollars and converting those U.S. dollars to Canadian dollars (given the difference in exchange rates) would be a nice boost in revenue.
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Aww...poor Marner...
. Seriously I hope he signs for 6 years at that range like you said, so we can move on, Leafs are better with him little doubt about that. But not for a second am I feeling sorry for him!
desperateblue
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Fair enough!
As I said I’m not an accountant and really don’t care.
The tax angle gets trumped by the signing bonus anyway so to me it’s a non issue
As I said I’m not an accountant and really don’t care.
The tax angle gets trumped by the signing bonus anyway so to me it’s a non issue
DJIncognito
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$10.5 x 6 would be good all around I think if the math works on the Leafs cap without having to trade anyone.
Why it will be harder for Maple Leafs to keep Marner once season begins - Sportsnet.ca
As for how all of this directly impacts the Marner negotiations, let’s do a quick refresher on how Nylander’s $45-million, six-year deal was accounted for under the salary cap (courtesy of capfriendly.com).
Toronto was able to push those negotiations until Dec. 1 because it could absorb an elevated cap hit of more than $10-million in 2018-19 (while receiving a slight cap benefit during Years 2-6 of the deal).
The team can’t repeat that for Marner with a specific window already carved out to pay him and no additional room to maneuver — at least not without trading a significant player off the roster in the process.
What’s interesting is the Leafs don’t really become any more vulnerable to an offer sheet once the regular season starts because the pro-rated cap charge in Year 1 doesn’t apply when one of those is matched — as illustrated by the Ryan O’Reilly case with Colorado in February 2013 (the Avs carried a $5-million cap charge each year after matching the $10-million, two-year deal he signed with Calgary).
No wonder Dubas brushed aside any concerns about a rival team poaching his 22-year-old star if negotiations stretch into the season.
“The potential of an offer sheet has been there since July,” he said. “It’s a possibility, there’s no rules against it, it’s a mechanism which teams can use to acquire talent for their teams. If it happens, as we said leading into the draft, we’ll make our decision then and address it.”
It's high but it gives us a window to go for it over the next half decade starting now so it's grudgingly acceptable
All I will say is with all the kids, they wanted the money so they better be prepared for the pressure and fan scrutiny that comes with it because if they don't start winning playoff rounds this fan base will become unbearable
MattySnipes
Registered User
That's still more than I'd like to pay him but falls in line with Marner's and Dreger's plan. Make it seem throughout they're asking a lot, then when it breaks that he took 10-10.5 it looks like a discount that the hometown boy took. Back in everyone's good graces. Boom.
desperateblue
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I think it’s too late and damage has been already done.
His image has been permanently changed imo
The only way to publicly save his image would have been if they leaked we counter-offered x and the team said no and they couldn’t because they Didn’t.
jrgtml67
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Very smart of Shanny and Dubas to leak those offers in a way that was in direct and makes Marner look really greedy. Especially when that offer would make him the highest paid winger in the league.
Subway Schenn
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Damisoph
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I can live with this. It's like Buckley's....just close your eyes and get it down.
MattySnipes
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Very well could be true. I know lots of fans are upset over this tirade. But reality is, he hasn't missed a single game yet. So technically, no damage has been done.
Sure, you can view Marner in a different light off-the-ice and I probably will too. Definitely isn't the same as how I viewed him a few years ago but shit happens. I won't be looking forward to his 3rd contract for sure. But I'm still gonna enjoy the player he is on the ice, and cheer him on.
jrgtml67
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I dont think its permanent. Same with Nylander..last yr was a loss, now this year is redemption. When Marner puts up 100pts again no one will care. I spent care unless he starts missing regular season games
HoweHullOrr
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With pre-season games just a few days away, will this get done before the pre-season games have finished?
Would guess that everyone saw this TSN article (mea culpa for posting it again), but those contracts mentioned in the TSN article are worse than my original predictions ($10.5 X 6 years).
https://www.tsn.ca/maple-leafs-persistent-in-pushing-for-long-term-deal-with-mitch-marner-1.1363760
According to TSN Hockey Insider Darren Dreger, the Toronto Maple Leafs have been "persistent" in pushing both seven- and eight-year extension offers to restricted free agent Mitch Marner this summer.
Dreger reports the Maple Leafs made an offer of $11 million per season in June, which included the $1.6 million Schedule B bonus Marner did not receive in his entry-level contract. TSN Hockey Insider Bob McKenzie adds that since the average annual value was lower than Auston Matthews' new contract on a longer term, the $11 million salary hasn't been palatable to Marner's camp. Matthews signed a five-year, $58.17 million contract with the Maple Leafs in February, which carries a cap hit of $11.634 million through the 2023-24 season.
According to Dreger, a three-year extension remains the focus of the Marner camp, though that term could be problematic for the Maple Leafs since a rising salary structure could see Marner earn as much as $12 million in 2021-22 then accept the team's qualifying offer at that salary and reach unrestricted free agency in 2023.
McKenzie believes a "logical solution" for the two sides would be a three-year bridge contract, but Marner's ask of average annual value of $9-10 million on such a deal gives the Maple Leafs no incentive to do so. He adds it's "hard to see the way to a settlement unless one side or the other makes a seismic shift."
Would guess that everyone saw this TSN article (mea culpa for posting it again), but those contracts mentioned in the TSN article are worse than my original predictions ($10.5 X 6 years).
https://www.tsn.ca/maple-leafs-persistent-in-pushing-for-long-term-deal-with-mitch-marner-1.1363760
According to TSN Hockey Insider Darren Dreger, the Toronto Maple Leafs have been "persistent" in pushing both seven- and eight-year extension offers to restricted free agent Mitch Marner this summer.
Dreger reports the Maple Leafs made an offer of $11 million per season in June, which included the $1.6 million Schedule B bonus Marner did not receive in his entry-level contract. TSN Hockey Insider Bob McKenzie adds that since the average annual value was lower than Auston Matthews' new contract on a longer term, the $11 million salary hasn't been palatable to Marner's camp. Matthews signed a five-year, $58.17 million contract with the Maple Leafs in February, which carries a cap hit of $11.634 million through the 2023-24 season.
According to Dreger, a three-year extension remains the focus of the Marner camp, though that term could be problematic for the Maple Leafs since a rising salary structure could see Marner earn as much as $12 million in 2021-22 then accept the team's qualifying offer at that salary and reach unrestricted free agency in 2023.
McKenzie believes a "logical solution" for the two sides would be a three-year bridge contract, but Marner's ask of average annual value of $9-10 million on such a deal gives the Maple Leafs no incentive to do so. He adds it's "hard to see the way to a settlement unless one side or the other makes a seismic shift."
crump
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Overpayers gonna overpay.
Marner’s max should be
10.5 x 8
9.5 x 6
7.5 x 3
If he gets 11 x 6 you could probably say goodbye to one of Rielly or Fred when their contracts are up and any chance at resigning Barrie. Unless there is massive cap movement and TV revenues coming.
I hope he’s been crying in a pillow since the leaked rejection. Money being thrown around is madness.
Marner’s max should be
10.5 x 8
9.5 x 6
7.5 x 3
If he gets 11 x 6 you could probably say goodbye to one of Rielly or Fred when their contracts are up and any chance at resigning Barrie. Unless there is massive cap movement and TV revenues coming.
I hope he’s been crying in a pillow since the leaked rejection. Money being thrown around is madness.
ShaneFalco
Registered User
Thing is Nylander’s camp kept quiet and Marners camp were ridiculous and demanded the moon, and disrespected the best player on the team
He’s been a weasel and could have been the biggest star this city has seen in some time
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