Will Leafs Pursue Stamkos? Part 2

[Stephen]

I agree they will try to keep Hedman however they are talking Subban range money here and can TB afford not just Stamkos at $10 mil but Hedman also at $9 mil?

I was simply thinking from a Leafs perspective if the Leafs had to pick either Stamkos or Hedman as an UFA option then I believe investing in the Dman as much as I like Stamkos might be the smarter team building move.

So the silver lining of missing out on Stamkos might open another potential door that in fact might be the better long-term outcome.

For sure. Vulturing Hedman wouldn't be a bad move at all.

 

[HoweHullOrr]

Not really sure how you reached that conclusion?

It just "seemed" that way based on what I read, but I did use the words "sounds like" deliberately as I wasn't sure.

I would guess this could happen, but whether it does happen seems like it would be impossible to find out. People doing this are going to make sure that they won't get exposed or caught, and maybe the fear of this perhaps is the deterrent - who knows?

I suppose it will be refreshing to one day realize that our team can achieve good results and stay within the rules & normal circumstances like most other teams do. I think we were fortunate enough on the Horton (LTIR) for Clarkson swap, and the compliance buyouts to erase a few big mistakes. Lets see what the current management group can do within more normal and ordinary circumstances now.

 

[TheTotalPackage]

if anything - it kind of strengthens what Bell/Rogers said when they took over the team - they don't really put their thumbs on what they do/do not say re: the Leafs which was a big fear. like i've heard a lot of TSN/Sportsnet pundits flat out go "no - don't sign stamkos" and of course the equal amount saying they should so.yay for that at least

I have a hard time believing these two companies that own the team aren't going to push to sign Stamkos to provide a jolt to the franchise and ultimately (hopefully for them) to their faltering TV ratings.

 

[Daisy Jane]

I have a hard time believing these two companies that own the team aren't going to push to sign Stamkos to provide a jolt to the franchise and ultimately (hopefully for them) to their faltering TV ratings.

yes.....
but that does't have anything to do with what I said though


and honestly - the Leafs not doing well - in my estimation - isn't solely on the Leafs rebuilding.
TSN draws good numbers (like i've never heard anyone from Bell going "Wow. i bet when we're good, our numbers will be good."

it's only rogers.
and most people hate what HNIC has become.
actually, it will be interesting to see when the Leafs are good (with/without Stamkos) - if they'll still be cruddy. because I know - whenever given a choice, I am NOT watching Rogers for Hockey. to this point, i rather listen to the radio - than watch Sportsnet and deal with Romanuck.

 

[thewave]

Stamkos probably has his custom made Jersey on right now and is playing mini sticks with the wall.

Die hard leaf fans know this.

 

[hfman]

yes.....
but that does't have anything to do with what I said though


and honestly - the Leafs not doing well - in my estimation - isn't solely on the Leafs rebuilding.
TSN draws good numbers (like i've never heard anyone from Bell going "Wow. i bet when we're good, our numbers will be good."

it's only rogers.
and most people hate what HNIC has become.
actually, it will be interesting to see when the Leafs are good (with/without Stamkos) - if they'll still be cruddy. because I know - whenever given a choice, I am NOT watching Rogers for Hockey. to this point, i rather listen to the radio - than watch Sportsnet and deal with Romanuck.

yeah, I haven't caught on to this new HNIC either. They killed the theme song, and they killed that warm, cozy Saturday night hockey feeling. Now we have 20 commentary guys doing their comedy acts, George being the main one, and 20 play-by-play game announcers who are just shuffled up every week and we never know who's calling what game anymore. Well. Only 10 more years to go, and hopefully after that Rogers gets the boot


Actually, HNIC will probably be dead in less than 2 years anyways, once the deal with CBC runs out. It'll be "Rogers Saturday Night Hockey" or something.

What an undescribable travesty. A national institution down the drain.

 

[ACC1224]

Stamkos probably has his custom made Jersey on right now and is playing mini sticks with the wall.

Die hard leaf fans know this.

I imagine he is lying on a beach somewhere with Phaneuf and Rielly planning the future.

 

[Budsfan]

Tax tricks: How an $8.5M Lightning contract keeping Steven Stamkos in Tampa is better than $10.5M to leave

http://www.tampabay.com/sports/hockey/lightning/inside-the-money-matters-for-steven-stamkos/2262766

In Toronto, Stamkos' hometown, there's a proposed 53.53 percent federal/provincial tax if he's a Canadian resident. So even if the Maple Leafs offer $10 million annually, Stamkos would net $7 million less total over the length of the deal compared one at $8.5 million annually in Tampa Bay, partly thanks to an eighth year. Stamkos would even make just $1.4 million less total than Kopitar over his eight-year deal with the Kings, assuming Kopitar is a California resident.

 

[ACC1224]

Tax tricks: How an $8.5M Lightning contract keeping Steven Stamkos in Tampa is better than $10.5M to leave

http://www.tampabay.com/sports/hockey/lightning/inside-the-money-matters-for-steven-stamkos/2262766

How does the exchange rate factor in?

 

[Budsfan]

How does the exchange rate factor in?

I think all players are paid in American dollars

 

[Fogelhund]

How does the exchange rate factor in?

Contracts are all USD... so it just doesn't matter.

 

[Budsfan]

Contracts are all USD... so it just doesn't matter.

That doesn't matter but I have been arguing the taxation side for many years and it is a big factor, when a player is in the market and choosing between an American team over a Canadian Team and Add to that we support these teams, with our money so they can out bid us to get those players and their taxation rates are the reason, shouldn't there be a level playing field.

 

[Rants Mulliniks]

It just "seemed" that way based on what I read, but I did use the words "sounds like" deliberately as I wasn't sure.

I would guess this could happen, but whether it does happen seems like it would be impossible to find out. People doing this are going to make sure that they won't get exposed or caught, and maybe the fear of this perhaps is the deterrent - who knows?

I suppose it will be refreshing to one day realize that our team can achieve good results and stay within the rules & normal circumstances like most other teams do. I think we were fortunate enough on the Horton (LTIR) for Clarkson swap, and the compliance buyouts to erase a few big mistakes. Lets see what the current management group can do within more normal and ordinary circumstances now.

I'm still surmising. Obviously it would raise flags if Stamkos signed for $6 per but at the end of the day, salary is his choice. I don't think I worry too much about how they work within the rules. If you can bend 'em, bend 'em. How many successful folks aren't? That's one thing I like about Lou is he is very crafty.

 

[Rants Mulliniks]

Tax tricks: How an $8.5M Lightning contract keeping Steven Stamkos in Tampa is better than $10.5M to leave

http://www.tampabay.com/sports/hockey/lightning/inside-the-money-matters-for-steven-stamkos/2262766

We avoid this through endorsements.

 

[Daisy Jane]

okay...

but in Canada- wouldn't he get the taxes BACK anyway? i mean refunds, and GST cheques and all that lovely wonderful stuff? (or is that just for poor people, as Daisy raises her hand).

 

[Budsfan]

We avoid this through endorsements.

The truth is, that in the Stamkos case, he may get more here in endorsements but take out the Super Star factor and that doesn't apply for most other players and some players are reluctant to put their names up for some products and they don't want the atmosphere in Toronto...Media and Fans

It could be a reason a lot of players would rather play south of the border but we pay equalization monies to teams in the States and it's not equal, any wonder why there are no Canadian teams in the Playoffs, I would think agents and players know the financial reasons why.

 

[thewave]

The truth is, that in the Stamkos case, he may get more here in endorsements but take out the Super Star factor and that doesn't apply for most other players and some players are reluctant to put their names up for some products and they don't want the atmosphere in Toronto...Media and Fans

It could be a reason a lot of players would rather play south of the border but we pay equalization monies to teams in the States and it's not equal, any wonder why there are no Canadian teams in the Playoffs, I would think agents and players know the financial reasons why.

Objective A) Make money
Objective B) Grow the game in US
Result = Make more money.

Where is the money? In the US in untapped markets or growing markets.

Canada is tapped already so they essentially just rob Peter to pay Paul in the hopes that one day they will rob us all and have a more profitable business model. US championships means more US viewership.

They willfully ignore your points and justify it by saying that down the line we will all benefit more by Following the process.

The honest solution to this problem is a floating cap system that factors in taxes and also a luxury tax cap system. Add, when I say floating I mean market specific cap.

Ie. Toronto cap could be 78m vs FL 72 in a single season. Although that creates an issue with individual contracts signed for less money. So if a player is traded from FL to Toronto they would need to increase the contract amount accordingly possibly.

 

[ACC1224]

I think all players are paid in American dollars

Contracts are all USD... so it just doesn't matter.

Sure it does if your expenses are in Canadian but you're paid in US dollars.

 

[TLeafsFan]

I think all players are paid in American dollars

Right, so Stamkos' American dollar will go much farther in Canada currently, anyway.

This debate is really a non-starter.

 

[TLeafsFan]

Personally, I think Babcock last year and Stamkos this year has always been part of Shanaplan in time for the Centennial.

It just all perfectly lined up.

Davey Keon has even made amends.

 

[Budsfan]

Sure it does if your expenses are in Canadian but you're paid in US dollars.

Not if your costs go up for everything you buy, check out the cost of gas sometime, we pay as much for a liter, as they do for a gallon (an American Gallon mind you) but still...LOL

 

[Budsfan]

From the same article....Bolded

Stamkos said when he signed his current deal, a five-year, $37.5 million pact as a restricted free agent in 2011, state taxes weren't really a factor. Stamkos said he and his agents haven't yet had in-depth conversations about how it may impact a deal now.

"But," Stamkos says," It's obviously a perk of playing in Florida."

 

[ACC1224]

Not if your costs go up for everything you buy, check out the cost of gas sometime, we pay as much for a liter, as they do for a gallon (an American Gallon mind you) but still...LOL

Some are more, some are less but I doubt anyone would care at such a penny pinching level.

I do work on both sides of the border at the same hourly rate but paid in different currency. Living in Canada I wish I had all US Clients.

Are you further ahead buying gas on the way to a walk in clinic here or there?

 

[Jerkini]

All these articles are written by sports writers, so i'm finding it hard to believe it's that simple. It makes sense if Stamkos buys an off-the-shelf TurboTax product and does his own taxes, but there's entire departments in billion dollar companies who's sole job is to deal with this kind of thing. I need something written by a Forbes writer with extensive history in accounting!

 

[Budsfan]

Some are more, some are less but I doubt anyone would care at such a penny pinching level.

I do work on both sides of the border at the same hourly rate but paid in different currency. Living in Canada I wish I had all US Clients.

Are you further ahead buying gas on the way to a walk in clinic here or there?

Medical here over there yes but as a hockey player with the team and with their Medical coverage paying the shot it shouldn't affect a player but a visitor it would big time.

I have Friends that are Snowbirds and they just paid the exchange rate between here and the States and I think 1000 dollars US cost them above 1400 dollars Canadian but as it was explained to me the Cost of food, accommodation, gas and the general purchases, more than made up for the difference in exchange, mind you they didn't like it too much but they also had to get medical insurance and that they really didn't like because it had gone up considerably but they aren't hockey players, with team paid medical insurance either.

They sent me an E-mail sunning themselves in their chairs around a pool with the Ocean in the back ground and it was only minus 28 here, as if that weren't enough of a perk.

Stamkos has a decision to make but there are many factors that will come into the picture.