Confirmed Signing with Link: [TB] Tampa re-signs Stamkos 8 years, 8.5AAV

[Rebuilt]

This is what happens you expect a player is going to your team.

I still cant get over how many Leafs fans had the guy basically on their team .............when the Lightning were still playing.

 

[More 2004]

Says the cap advantaged Bolts fan.

http://www.cbssports.com/nhl/news/kings-terminate-mike-richards-contract-over-material-breach/

 

[Hunter368]

Congrats TB, good signing.

Tonight Leaf, Oilers & Habs fans all cry themselves to sleep.

 

[PK Cronin]

No Income tax.

There's still federal income tax, which is the real pain. Plus, you get taxed based off of which states your games are played in. So half are exempt from being taxed, but the other half can be taxed.

There is no STATE income tax. There is however, extra taxes built into just about everything you can imagine to make up for it.

Its not this big 'free ride' state some are making it out to be. In terms of revenue, Stamkos can claim half his salary in Florida because thats where half the games are played. The other half will depend on where the game is.

That's right. Plus the fact that if he's still a Canadian citizen/resident, the tax structure is completely different as well. He'll end up paying somewhere and the difference between states isn't really much of a factor I'd think. He would've more than made up for it with endorsements in other markets. Glad he made his decision based off where he has the best shot to win.

 

[bigtim1988]

That's alright, the leafs are better off throwing the money at Tavares in 2 years

That's great he's staying in Tampa; why go to a team that doesn't have much of a chance of winning a cup, when he's already on a team that's very close to being there?

 

[farshi]

From what i understand his salary is 1mill a year with the rest of the 8.5 coming in bonus' which would be part of his florida tax(notax) income so he avoids paying taxes on his 41 away games (minus 500k) which is absolutely huge. I could be wrong though.

 

[DelZottoHitTheNetJK]

But I thought that marketing company was throwing huge money at stamkos?

 

[MikeModano9]

Congrats TB, good signing.

Tonight Leaf, Oilers & Habs fans all cry themselves to sleep.

I'm going the blackout drunk method. Still might cry though.

 

[TheDoldrums]

Congrats TB, good signing.

Tonight Leaf, Oilers & Habs fans all cry themselves to sleep.

Really don't think Toronto's day is remotely comparable to Edmonton or Montreal.

 

[Devonator]

Man this is my favorite deal of today...first off....ha ha....leaf fans this looks great on you.....a last place team that was so arrogant and sure they were getting stammer now has egg all over your collective faces...

Ha ha ha.....enjoy your slow rebuild...

Bolt fans...well done..as long as Stammer is healthy going forward, you got a good solid deal.....

Excellent all around.

 

[CapitalsCupReality]

Wow congrats Tampa....I thought for sure he was walking.

 

[massey1984]

This is the best thing that could happen for everybody. Stamkos gets to stay on a Cup contender and teams like Buffalo can focus on getting the pieces they need like defense and veteran leadership. Buffalo should go hard after Ladd and or Brouwer and a defenseman.

 

[SmoggyTwinkles]

From what i understand his salary is 1mill a year with the rest of the 8.5 coming in bonus' which would be part of his florida tax(notax) income so he avoids paying taxes on his 41 away games (minus 500k) which is absolutely huge. I could be wrong though.

What?

Oh **** he just got the Clarkson contract pumped up to $8m?



Great player though............

 

[dirty stanchion]

Good.

Honestly I don't even feel like Toronto should feel bummed out, they'd likely have to sign at 9.5M+ AAV to get him in UFA, and Toronto, while putting together good young pieces (Matthews, Marner, Nylander, Rielly), are not in serious cup contention yet. Stamkos on the other hand has 4 more seasons before he hits 30, when things will likely start going downhill (quickly, slowly, don't know, but he almost certainly won't be getting better after 30).

On the other hand, Rielly is the oldest of the "new core" at a whopping 22 years old, Matthews is 18. In 5-7 years their whole new core will be in their primes/peaks, and..... Stamkos would be 31-33, likely past his prime (at least past his peak).

Meanwhile, TB was at the SCF final last year, lost the ECF to the cup winning team this year, they are in win-now mode, and Stamkos is their captain/leader and still a very valuable offensive contributor, even if he's not putting up 50+ goals and 90+ points like he was pre-injury.

^^^^ This

Stamkos all along was a want, not a need.

We drafted our franchise centre a few days ago.


Back to the bashing tugathon

 

[Leafidelity]

Man this is my favorite deal of today...first off....ha ha....leaf fans this looks great on you.....a last place team that was so arrogant and sure they were getting stammer now has egg all over your collective faces...

Ha ha ha.....enjoy your slow rebuild...

Ill be sure to cry into my new Auston Matthews jersey

 

[TampaBayLightning]

I hope he fails miserably in Tampa. Yes I'm salty. I can't wait to read his article in 15 years about how he wishes he could turn back the clock and sign with Toronto

Now this is real, better than the "never wanted him anyways" BS

 

[Devonator]

Ill be sure to cry into my new Auston Matthews jersey

Absolutely...you do that...and enjoy your slow rebuild....

 

[yourbestfriend]

There's still federal income tax, which is the real pain. Plus, you get taxed based off of which states your games are played in. So half are exempt from being taxed, but the other half can be taxed.

That's right. Plus the fact that if he's still a Canadian citizen/resident, the tax structure is completely different as well. He'll end up paying somewhere and the difference between states isn't really much of a factor I'd think. He would've more than made up for it with endorsements in other markets. Glad he made his decision based off where he has the best shot to win.

FYI there is a difference between a resident for tax purposes and a citizen. I don't really see any advantages of Stamkos, or any other Canadian citizen playing in the US, declaring Canadian residency. There is a tax treaty between the two countries, but it would still result in some double taxation never mind a lot of complexities.

I think the whole tax issue is overblown. Obviously they discussed it, but I would be surprised if it factored heavily into their camps decisions.
"I chose Tampa over Toronto because of taxation issues" is quite frankly, extremely stupid and narrow minded.

 

[BC Ben]

Great deal for him... Well done TB. Although I was hoping the Stinkin Leafies would have blown their cap load on him.

 

[dirty stanchion]

The projection in here is just downright bizarre.

You're expressing joy over a move that isn't nearly as painful for the Leafs as you would like to believe it is.

 

[Slush]

This will make free agent frenzy a little more boring on Friday.

It's hilarious Stamkos re-signed in Tampa and is not going to the Leafs. Smart move by him!

 

[aemoreira1981]

From what i understand his salary is 1mill a year with the rest of the 8.5 coming in bonus' which would be part of his florida tax(notax) income so he avoids paying taxes on his 41 away games (minus 500k) which is absolutely huge. I could be wrong though.

Stamkos' agent needs to be lauded, as all but the $1M per is in bonus money (which is also guaranteed even if there is another lockout). That is genius! And for TB, it expires at just age 34.

I do wonder if Stamkos would consider living in Florida year-round to make it bona-fide. (Roberto Luongo in Florida does, although a large part of that is because his wife and her family are Floridians.)

 

[CupsOverCash]

I thought he wanted to be a Leaf?

 

[Leafidelity]

Absolutely...you do that...and enjoy your slow rebuild....

1G and 1C within 5 business days. If this is slow, I'm cool with slow

 

[sommervr]

Stamkos played Toronto to try and squeeze a few extra dollars out of TB. This is way way worse than anything Daniel Alfredson did and he got booed for 10+ years. **** that guy hopefully he can never show his face in Toronto again. And **** his sponsors too.