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Point. 3x6.75

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When you can sell to a player he could have the Cup for a day if he stays, you can pull off a deal like this one. 

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Reminiscent of the Kucherov bridge deal, and that one was largely credited to the genius of Steve Yzerman. Maybe guys are indeed taking less for a shot at getting their name on the cup.

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1 hour ago, Salros said:

When you can sell to a player he could have the Cup for a day if he stays, you can pull off a deal like this one. 

 

That is one thing, but so is the amount of money they save in taxes in Florida State. 

 

Trev

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  • Though he finally signed today, Brayden Point won’t be on the Tampa Bay Lightning roster anytime soon. GM Julien BriseBois told reporters on a conference call that Point had hip surgery earlier this summer and is not expected to be back in the lineup until late October. While it’s obviously bad news that he won’t be ready for opening day, this may actually give the young forward enough time to get his game right after missing most of training camp already. The Lightning will have to make due without him for now and hope he can come back at full-strength in a few weeks.
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2 hours ago, Puckn'Eh said:

 

That is one thing, but so is the amount of money they save in taxes in Florida State. 

 

Trev

 

It's not as much as most people think.  Only 17% difference between the top and bottom NHL cities.  And that's before you factor in the fact that they pay tax for the state the game takes place in, so now we're down to an 8.5% difference.  Now, if their primary residence is their summer home it gets even more complicated.  Not to mention Canada and the US recently signed a tax treaty which helps out some players.  

 

This is a great article that unpacks the tax thing, and goes on to mention everything Tampa has done well to get these great contracts (which only really started happening in 2017):

http://faceoffcircle.ca/2019/04/05/tampa-bays-process-isnt-complicated-so-why-does-it-work-so-well/

 

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19 minutes ago, djb738 said:

Read that Points contract is equivalent to a $8.5M/year contract in Toronto.

 

The point is more that it’s not an easy answer, like we all want it to be. 

 

The tax amount isn’t easy to calculate. Neither is the reason he would sign for so less. Lots of factors at work. 

 

Though isn’t 8.5% of 6.75 million like 500k?

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oh tampa have mt babies

hey word is stamkos getting 12m in canada, 8.5 tampa done deal

hey  we need to dump salaries to fit  new kuch contract " ;boss i got a 1st for dumping jt miller" done deal

oh we need more space, pooooooff callahan disapears,  waiting for the next year shananigans

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6 hours ago, Zipper14 said:

 

The point is more that it’s not an easy answer, like we all want it to be. 

 

The tax amount isn’t easy to calculate. Neither is the reason he would sign for so less. Lots of factors at work. 

 

Though isn’t 8.5% of 6.75 million like 500k?

 

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2 hours ago, djb738 said:

 

But it doeant factor in that your paid in usd  while living in canada which is HUGE , also your not getting an add with gatorade in tampa, in TO well you know...

 

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1 hour ago, Vegeta said:

But it doeant factor in that your paid in usd  while living in canada which is HUGE , also your not getting an add with gatorade in tampa, in TO well you know...

 

So you are assuming that Point gets no big endorsements in Tampa?

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53 minutes ago, Zipper14 said:

 

I’d really like to know the math he used for that one. 

I believe I read somewhere that the rate that the contract will get taxed at in Florida is around 39% where the rate that the contract would be taxed in Toronto would be around 53-55%

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35 minutes ago, djb738 said:

I believe I read somewhere that the rate that the contract will get taxed at in Florida is around 39% where the rate that the contract would be taxed in Toronto would be around 53-55%

 

That’s 14%. Half it because they are taxed on where the game takes place. 

 

7% of 6.75 isn’t 1.8  

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21 minutes ago, Zipper14 said:

 

That’s 14%. Half it because they are taxed on where the game takes place. 

 

7% of 6.75 isn’t 1.8  

Regardless seems to be the consensus opinion amongst reporters. Same thing was said with the Stamkos contract that the equivalent contract with Toronto would have been $2M+ than what he signed for with Tampa.

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