I know I’m beating a dead horse, but I simply hate this obvious disadvantage some teams including Kings have:
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The tax calculator tool shows that if Ferraro were to receive identical offers at $5.13MM from San Jose and Tampa Bay, respectively, Ferraro would pay an additional $705K per year if he took the Sharks’ offer, compared to Tampa Bay’s. Over the lifetime of a four-year contract, that is nearly $3MM difference between the two identical offers.
In other words, the Sharks and other markets are at a natural disadvantage when competing for free agents.”
Yes I know that money isn’t the only factor, but we can talk about the weather, houses at the beach, sponsorships and winning culture as pull factors all you want, that is A LOT of money to just walk away from and I’m sure a clear majority of the players would never do that!
Since $20MM isn’t unrealistic for the absolute top players like Celebrini, McDavid or Matthews in the future and they most likely would demand a 7 year contract, players like that who wants to play for Kings would have to accept earning
a total of $19MM less during that period than they would in Tampa, Florida, Nashville and other low-tax markets.
Yeah right, that ain’t gonna happen…