Salary Cap (Taxes)

[AndreRoy]

This is dumb, people pay taxes everywhere but that doesn’t mean everywhere has the same benefits does it?

Those higher taxes pay (in theory at least( for increased governmental services. I’d say the dumb one would be the one who doesn’t know that.

 

[Hattrickkane88]

Those higher taxes pay (in theory at least( for increased governmental services. I’d say the dumb one would be the one who doesn’t know that.

How exactly do taxes benefit in making the weather warmer? They don’t it’s based of a geographical area not taxes.

How exactly do taxes benefit the better night life in New York compared to Edmonton? They don’t it’s based off pure population and the number of rich residents.

How exactly do taxes benefit the places to spend money at in New York compared to Edmonton?
They don’t, again it’s based of pure population and the number of rich business owners.

Taxes are everywhere, they do not determine the benefits or drawbacks of living in a certain area.

 

[DFC]

Because the biggest NHL market just so happens to be in a state with high income taxes, and they also have a major player friendly salary structure. While a smaller market in a state with no state income tax has the most team-friendly salary structure in the NHL. So people have shifted to taxes to deflect blame from their rookie GM for creating that player friendly salary structure.

Make no mistake, if the Los Angeles Lakers’ Rookie GM got taken behind the shed by all of their RFAs and the San Antonio Spurs had a major team-friendly salary structure, you’d hear the same kind of complaints from fans of the LA Lakers. And that vocal minority, despite being generally disproven with facts, would continue to state their case.

Exactly this. Their rookie GM can't get players to sign team-friendly deals, so they want team-friendly deals to stop.

 

[zetajerk]

You don’t. You didn’t impose an arbitrary broadway show cap because of loser teams that couldn’t make their own shows.

You imposed a salary cap. Make it fair

Why do fans of teams have to pay for loser teams that can’t get fan support.

Why should I care if Arizona has a team instead of say Houston?

Why is that the NHLs problem? There are other markets

And there it is.

I wasn't aware you were personally paying for my team to exist.

Revenue sharing isn't going to go away if the Coyotes move. There will still be teams at the bottom who will shake you down for everything you (don't) have.

 

[nbwingsfan]

You don’t. You didn’t impose an arbitrary broadway show cap because of loser teams that couldn’t make their own shows.

You imposed a salary cap. Make it fair

Why do fans of teams have to pay for loser teams that can’t get fan support.

Why should I care if Arizona has a team instead of say Houston?

Why is that the NHLs problem? There are other markets

A fan of a team that hasn’t won a cup in over 50 years, or the 2nd rd in 14 years, calling other teams “loser teams”

 

[Vertain]

My head hurts.

 

[powerstuck]

How exactly do taxes benefit in making the weather warmer? They don’t it’s based of a geographical area not taxes.

How exactly do taxes benefit the better night life in New York compared to Edmonton? They don’t it’s based off pure population and the number of rich residents.

How exactly do taxes benefit the places to spend money at in New York compared to Edmonton?
They don’t, again it’s based of pure population and the number of rich business owners.

Taxes are everywhere, they do not determine the benefits or drawbacks of living in a certain area.

When it comes to NHL players and other uber rich people, it doesn't make a difference.

But for us common mortal beings, it makes a difference. For example, here in Quebec, every worker pays a Quebec Parental Insurance Plan which is about 3000$ a year and is deducted on top of other income taxes.

Now for an NHL player who gains millions, he doesn't care if he pays an extra 3k in taxes or not. But for me, it can make a difference and in the end allows my wife to spend up to a year after the birth of our child at home while being paid (dads get 4-6 weeks).

In the end this tax most likely doesn't exists everywhere, but it also means that moms and dads elsewhere do no get the same benefits.

 

[Mickey Marner]

Can you elaborate on this a bit? How do you think it helps them make money, and why do you think the inaccuracy in particular helps them make money?

It's a marketing tool, to entice people to setup a meeting. Here's what you're currently paying, here's how much you'd save with the Gavin Group!

It exists to attract new clients that are mostly ignorant of their own financial situation, so it's designed to somewhat accurately capture their deductions. A financially savy person wouldn't bother with the calculator, nor would it accurately capture their deductions.

 

[Legion34]

A fan of a team that hasn’t won a cup in over 50 years, or the 2nd rd in 14 years, calling other teams “loser teams”

Whats the point of the NHL?

 

[Legion34]

And there it is.

I wasn't aware you were personally paying for my team to exist.

Revenue sharing isn't going to go away if the Coyotes move. There will still be teams at the bottom who will shake you down for everything you (don't) have.

Or they could all support themselves? Wouldn’t that be the idea?

 

[Legion34]

Exactly this. Their rookie GM can't get players to sign team-friendly deals, so they want team-friendly deals to stop.

Yep. Agents. GMs players and accountants have talked about it for years.

But it’s all about dubas? Sure. Do you intend to be taken seriously?

 

[BlackFrancis]

Whats the point of the NHL?

That is the point of the NHL. It is also the reason why the franchise you root for won't get off of paying out revenue sharing or complying with a salary cap or get anyone to remotely care about the average tax burden of residents in the GTA.

 

[Legion34]

That is the point of the NHL. It is also the reason why the franchise you root for won't get off of paying out revenue sharing or complying with a salary cap or get anyone to remotely care about the average tax burden of residents in the GTA.

That’s exactly why. And that’s exactly why a league that weighs pucks and has video review won’t address an equality in the system that they artificially imposed.

 

[DFC]

Yep. Agents. GMs players and accountants have talked about it for years.

But it’s all about dubas? Sure. Do you intend to be taken seriously?

Funny, because recent articles say GMs are grumbling about Dubas, not team-friendly deals.

 

[Legion34]

Funny, because recent articles say GMs are grumbling about Dubas, not team-friendly deals.

By accountants? Industry professionals?
Did the tax laws just change?

 

[DudeWhereIsMakar]

I find they should make a rule to flex a salary cap based on taxes so that players are making the same amount no matter where they play.

If a player is playing in the states of New York or California they'd be making the same as if they were playing in Florida or Vegas. I'd explain it more in-depth but too lazy to do it today.

 

[DFC]

I find they should make a rule to flex a salary cap based on taxes so that players are making the same amount no matter where they play.

If a player is playing in the states of New York or California they'd be making the same as if they were playing in Florida or Vegas. I'd explain it more in-depth but too lazy to do it today.

What if they play in Toronto and live in Arizona?

 

[DudeWhereIsMakar]

What if they play in Toronto and live in Arizona?

I mean I can't really answer that, it could go with where their primary residence is or based on where their place of work is.

Though my friend who is in the NHL owns a residence in Winnipeg but has it under his Dad's name until he retires.

 

[DFC]

I mean I can't really answer that, it could go with where their primary residence is or based on where their place of work is.

Though my friend who is in the NHL owns a residence in Winnipeg but has it under his Dad's name until he retires.

These types of situations are why you can never really regulate take home pay.

 

[ottawa]

Agree 100%. People who don't understand taxes think it is as easy as saying (CAN + ONT vs. US + FLA). That isn't how it works, because players get taxed wherever the game is played. So a Maple Leafs player doesn't get taxed when playing a game in FLA just like a Lightning player. Obviously the Bolts and Panthers players play more games in FLA so they get a bigger benefit, but it isn't like they never pay state (or provincial) income taxes.

People think that the cap was put in primarily for parity purposes (actually for cost certainty), which isn't the case because if it was everyone would have to have their salary at the midpoint.

So just to confirm, you're saying a 10m signing bonus in a no-tax state has roughly the same effect as a 10m signing bonus in Toronto?

Can you explain that, I must be missing something.

 

[Sky04]

Exactly this. Their rookie GM can't get players to sign team-friendly deals, so they want team-friendly deals to stop.

They love using Tampa as a comparison but lets look at this, Tampa has been competing since 2014, through good signings (mostly) and cap management they've been able to avoid "cap-hell" and push their window and compete for 5+ years to the point our first "cap-casualty" was JT Miller in 2019. Toronto in half that time has reached the same point as Tampa in terms of cap. Next year Toronto is in year 4 of the Matthew's era with 50m tied to 6 players, Tampa will be in year 7 of Kucherov with currently 45m tied to 6 players (ballparking 9m to Point.)

No Tampa hasn't won through the last 5 years but they managed their cap to the point where they were improving their roster every single year and extending their window as contenders which is the best you can ask for from a GM - not a full blown out cap right after ELC's.

 

[Beukeboom Fan]

So just to confirm, you're saying a 10m signing bonus in a no-tax state has roughly the same effect as a 10m signing bonus in Toronto?

Can you explain that, I must be missing something.

I am not saying that. Since 98+% of the league salaries are not paid via signing bonuses, I was talking about "regular" salaries.

If the tax benefits to signing bonuses are sush an opportunity- why don't all NHL'ers negotiate them after they are off their ELC's?

My point is that taxes are complicated and the folks who try to make it simple either don't understand the complexity, or they are using it as a strawman.

My understanding is that taxes in TOR are comparable to NYC, SJ, MON, etc., but somehow Dubas is the only GM who has to face this issue.

 

[x Tame Impala]

Just give the Leafs their extra $6 million in cap space every year and be done with it. They’d still f*** it up but at least I wouldn’t have to see these nonsense threads popping up all the time.

 

[DFC]

So just to confirm, you're saying a 10m signing bonus in a no-tax state has roughly the same effect as a 10m signing bonus in Toronto?

Can you explain that, I must be missing something.

Check the Brayden Point thread. He's not saying there's no advantage; he's saying, and showing the numbers to prove, it's not the crazy advantage many are claiming. If someone wants to refute the numbers, great, but nobody's been able to do it yet.

 

[Spazkat]

You don’t. You didn’t impose an arbitrary broadway show cap because of loser teams that couldn’t make their own shows.

You imposed a salary cap. Make it fair

Why do fans of teams have to pay for loser teams that can’t get fan support.

Why should I care if Arizona has a team instead of say Houston?

Why is that the NHLs problem? There are other markets

Currently, everyone has the exact same limitations on spending. That is the textbook definition of "fair"

What you're talking about isn't "fair".. what you're asking for is special treatment from the NHL because your government charges higher taxes. How is that the NHL's problem? Why should it be the NHL and team owners problem to have to recalculate their payroll every time the tax rate changes (or the player moves since there are local taxes too)? That's absurd.

You don't see the California teams crying about taxes, and their effective tax rate is higher than pretty much everyone besides Montreal.