Off Sides
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- Sep 8, 2008
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Correct, yet I think that key difference is what is leading to much of the confusion
Speculation: Roster Building Thread LIII: Free Agent Frenzy
- Thread starter Fugazy
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All US corporations are tax payers. They all pay taxes at the corporate level and again at the individual level. At the individual level, it is done based on residency.
Offshore corporations do not pay US tax, but have to pass the income earned through them to their US investors. Once the income is passed trough, the US tax payer pays tax files both for the state the income is attributed to and local. Unless their investors are considered to be non-taxable entities.
I do not mean to sound didactic, but regulation has made it impossible to hide not pay money.
Inferno
Registered User
I'm super far behind..but I was saying this almost verbatim a few days ago.
NYRFANMANI
Department of Rempe Safety Management
I've been saying it for months. Byfield would extinguish any question at C.
egelband
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- Sep 6, 2008
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They sign once and get signing bonuses every year. It's nonsense. If it's a tax dodge, it won't last. Much tax law is more spirit than word. And using wording to avoid tax liability isn't in the spirit of the law.
I'd wager it boils down to where the games are played (meaning, where the money was earned) mostly. Give or take.
egelband
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- Sep 6, 2008
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Hahahahahahaha. Exactly. "oh you're calling this a 'bonus', not 'salary'? Cool. We aren't interested in that money, then" said the tax office, never.
well not all teams can or want to pay out bonuses like that...salary gets paid spread out thru the season, but for a $10 mil signing bonus you need to cut a $10 mil check on 7/1. so it could be a way to mitigate the tax difference for a team like the rangers but not all teams would be able to use it (of course assuming that the bonus would be taxed in florida, I'm not sure how those rules work)
- Jan 18, 2012
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- Jan 18, 2012
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Off Sides
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I think we would see like every player ever have a Florida residence if the tax could be avoided by doing so. Whether bonus or salary.
And I do not think there would be much of a debate about tax advantages if that were the case.
The ability for a team to hand out a giant bonus I can see as an advantage, yet as we have seen with offer sheets, Weber, Sakic, the teams seem to be able to come up with the funds necessary to cut a check as such need be.
- Jul 16, 2005
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True; but there is a decent enough chance that this team, even absent signing Panarin, is good enough to where we cannot get into reach of him.
- Jan 18, 2012
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That would mean a team would have to pay tens of millions of dollars in cash on 7/1. That will not happen.
This is a new trend. For lockout purposes and state tax.
LORDE
I am Lorde, YA YA YA
Can I be the armchair media??? I have a little TV experience
Panarin Kravtsov Zibanejad Kakko Buchnevich & Chytil.
Lot of size lot of skill lot of skating ability
And the key to that whole group imo would be Chytil. If he becomes the force he can be if he becomes a Hertl. This top 6 would absolutely explode on the scene.
I think Buchnevich gets it too now. I think with some Russians around he takes even another step. I’d bet 60 pts out of him next season minimum.
So you have that top 6 then you anchor it with a bottom 6 led by Brett Howden who I absolutely love as a player in that 3C role.
Lemieux Strome Lias(I guess) Morgan Barron coming maybe Fast stays maybe not.
Left side the of the blue line is absolutely stacked and imo trouba DeAngelo Fox Keane Lundkvist the right side is stacked too.
Georgiev In goal cool as ice.
Man I love what we have here for the next 5 years or so. Gotta get Panarin done of course and I’d argue Kreider might actually be the better fit but either way. I really think we’ll be in the mix quickly. This is a young league getting younger
Lot of size lot of skill lot of skating ability
And the key to that whole group imo would be Chytil. If he becomes the force he can be if he becomes a Hertl. This top 6 would absolutely explode on the scene.
I think Buchnevich gets it too now. I think with some Russians around he takes even another step. I’d bet 60 pts out of him next season minimum.
So you have that top 6 then you anchor it with a bottom 6 led by Brett Howden who I absolutely love as a player in that 3C role.
Lemieux Strome Lias(I guess) Morgan Barron coming maybe Fast stays maybe not.
Left side the of the blue line is absolutely stacked and imo trouba DeAngelo Fox Keane Lundkvist the right side is stacked too.
Georgiev In goal cool as ice.
Man I love what we have here for the next 5 years or so. Gotta get Panarin done of course and I’d argue Kreider might actually be the better fit but either way. I really think we’ll be in the mix quickly. This is a young league getting younger
Matt Rentfree
Registered User
JESSEWENEEDTOCOOK
Twenty f*ckin years
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Kaapo Cabana
Next name: Admiral Kakkbar
If we sign Panarin to 7/11, and RFAs get the following:
Trouba - 8.5
Buch - 3
ADA - 2.5
Lemieux - 2
If you do the math, we are going to have to move out ~10M to get under the cap this year (I have taken into account the contracts that will be replacing this money). The good news is that after this year, everything gets easier. buyouts get less punitive, contracts get easier to move due to having less term, Girardi's buyout drops by 2.5M, Spooner comes off the books, and the cap will most likely go up.
Smith buyout doesn't look too bad, saves us 3.38M this year.
The targets to move are:
Kreider - 4.625
Names - 4
Shatty @ half - 3.325
Strome - 3.1
Vesey - 2.275
We should wait until we have a good enough deal on Kreider to move him.
If we can move Names, Shatty @ 3.325M, Vesey, and buyout Smith, our lineup looks like this to start the season:
Panarin - Zib - Kakko
Kreider - Chytil - Buch
Kravtsov - Howden - Strome
Fast - Boo - Lemieux
Lias
Skjei - Trouba
Staal - ADA
Hajek - Fox
Lindgren
Rykov
Hank
Georgiev
with Beleskey buried, this cap comes out to ~81M.
There are a lot of ifs in this scenario, but its certain that if we sign Panarin that we will have to make at least 2 trades, most likely 3 if we are going to be cap compliant.
Trouba - 8.5
Buch - 3
ADA - 2.5
Lemieux - 2
If you do the math, we are going to have to move out ~10M to get under the cap this year (I have taken into account the contracts that will be replacing this money). The good news is that after this year, everything gets easier. buyouts get less punitive, contracts get easier to move due to having less term, Girardi's buyout drops by 2.5M, Spooner comes off the books, and the cap will most likely go up.
Smith buyout doesn't look too bad, saves us 3.38M this year.
The targets to move are:
Kreider - 4.625
Names - 4
Shatty @ half - 3.325
Strome - 3.1
Vesey - 2.275
We should wait until we have a good enough deal on Kreider to move him.
If we can move Names, Shatty @ 3.325M, Vesey, and buyout Smith, our lineup looks like this to start the season:
Panarin - Zib - Kakko
Kreider - Chytil - Buch
Kravtsov - Howden - Strome
Fast - Boo - Lemieux
Lias
Skjei - Trouba
Staal - ADA
Hajek - Fox
Lindgren
Rykov
Hank
Georgiev
with Beleskey buried, this cap comes out to ~81M.
There are a lot of ifs in this scenario, but its certain that if we sign Panarin that we will have to make at least 2 trades, most likely 3 if we are going to be cap compliant.
They're going to want more than 500,000 in space.
Panarin and Zibanejad should be split apart and people need to come to grips with Kreider leaving.
Panarin and Zibanejad should be split apart and people need to come to grips with Kreider leaving.
DanielBrassard
It's all so tiresome
Would not be surprised if they moved Beleskey in this case. I think some team like Detroit would take on his 825K cap hit if buried for a later pick.
Kaapo Cabana
Next name: Admiral Kakkbar
Kaapo Cabana
Next name: Admiral Kakkbar
DanielBrassard
It's all so tiresome
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