Point signs 3-year bridge deal

[Bates]

The tax situation is not as clear cut as Florida vs Ontario income taxes.  There are ways to save mentioned in the Forbes article. They apply to Tavares but some of which could apply to Marner especially since he got most of it in bonus money.  Point reportedly got a good chunk in bonus but not all of it.  www.forbes.com/sites/seanpackard/2018/07/06/john-tavares-could-save-nearly-12-million-in-taxes-on-his-new-contract/#2259c4aa1ab7

It would be interesting if someone could calculate the anticipated tax rate for Marner by using whatever tax savings are available. Add something reasonable for endorsements and then compare that to other RFAs.

I don't Marner could file as an American so that article is kinda irrelevant.  Signing bonus tax benefits are for Canadians working in US or visa versa. I don't know if an athlete can incorporate in Canada or not and no one answered my previous ask?? That would be beneficial.

 

[Kin]

The tax situation is not as clear cut as Florida vs Ontario income taxes.  There are ways to save mentioned in the Forbes article. They apply to Tavares but some of which could apply to Marner especially since he got most of it in bonus money.

Most of those appear to only be applicable to Tavares because he has US residency which Marner almost certainly doesn't.

 

[Guilt Trip]

Just taking a quick look at the tax situation on Cap friendly. Marner after taxes makes 5,090,498. Point will make 4,094,678 after tax. Seeing the Leafs signed Marner for 6 years, and Point's is a bridge deal, it's ot so bad looking at it that way.

 

[Bates]

Just taking a quick look at the tax situation on Cap friendly. Marner after taxes makes 5,090,498. Point will make 4,094,678 after tax. Seeing the Leafs signed Marner for 6 years, and Point's is a bridge deal. Not so bad looking at it that way.

Assuming a straight line simple tax of course, which is highly unlikely.

 

[Guilt Trip]

Just taking a quick look at the tax situation on Cap friendly. Marner after taxes makes 5,090,498. Point will make 4,094,678 after tax. Seeing the Leafs signed Marner for 6 years, and Point's is a bridge deal. Not so bad looking at it that way.

Assuming a straight line simple tax of course, which is highly unlikely.

I just punched in numbers of Cap Friendly so you're probably right but still there is a difference and it's a big difference.

 

[Bates]

Just taking a quick look at the tax situation on Cap friendly. Marner after taxes makes 5,090,498. Point will make 4,094,678 after tax. Seeing the Leafs signed Marner for 6 years, and Point's is a bridge deal. Not so bad looking at it that way.

Assuming a straight line simple tax of course, which is highly unlikely.

I just punched in numbers of Cap Friendly so you're probably right but still there is a difference and it's a big difference.

It would get a bit smaller with tax planning. As an easy example assuming Point is filing as an American for tax purposes, he has to pay State taxes in every State he works in as a percentage of his work time. Marner does not have that. It could be 30% of his playing time as a guesstimate. 

Marner could incorporate as a Professional Corp and pay Corporate tax rate every year while only paying income tax on his own actual salary that he withdraws, allowing him to keep more money and grow it inside the Corp. Very popular among doctors these days.

 

[BrownRolo]

I hope Marner puts up huge numbers this year because if he doesn't the media and a lot of fans are going to really give it to him.

 

[rdowdall]

I hope Marner puts up huge numbers this year because if he doesn't the media and a lot of fans are going to really give it to him.

This is what I hate about sports and the public nature of their salaries.  What Marner makes does not change the type of player he is. 

I'll use Bryan McCabe as an example.  He was a pretty good dman for the leafs.  And when he was making 2 million a year everyone loved him.  Then he signs a deal for 5 million a year and certain fans  expect him to win Norris trophy's.  The amount of the contract did not change what he brought to the table.

Now a slight difference in the Marner case is that it's possible that he hasn't reached his ceiling yet.  Still it's not like signing this deal means that Marner is going to start winning Art Ross trophies.

 

[Kin]

If Marner had a bad season, I don't think a lot of fans would cut him a break if he were only making 9 million.

 

[azzurri63]

Tired of seeing a lot of these guys sign for far less than our guys. Said it last year with Nylander and snowballed from there.

Posted on another site about taxes etc and how fair it is across the league but either Dubas needed to buckle down or something needs to change in the CBA to take into account for taxes etc.

I understand Point only signed for 3 years but almost 5 million per season less than Marner is f?n ridiculous.

 

[BrownRolo]

I hope Marner puts up huge numbers this year because if he doesn't the media and a lot of fans are going to really give it to him.

This is what I hate about sports and the public nature of their salaries.  What Marner makes does not change the type of player he is. 

I'll use Bryan McCabe as an example.  He was a pretty good dman for the leafs.  And when he was making 2 million a year everyone loved him.  Then he signs a deal for 5 million a year and certain fans  expect him to win Norris trophy's.  The amount of the contract did not change what he brought to the table.

Now a slight difference in the Marner case is that it's possible that he hasn't reached his ceiling yet.  Still it's not like signing this deal means that Marner is going to start winning Art Ross trophies.

I think it's more because of how the negotiations went and how he clearly demanded to be overpaid and was not fair to the team.

So if he comes out cold to start the season I think fans will turn on him.

I soured on him a little already to be honest. I never felt Nylander was acting unreasonable and Matthews was overpaid considering term but still it's acceptable. Marner has to perform as the 2nd paid highest winger in the league. 60 point season won't cut it. He's put a lot of pressure on himself and I hope he can handle it.

 

[CarltonTheBear]

Since the topic of regression came up a bit with Marner, I think it's fair to wonder about it here as well.

In Point's first 2 seasons he shot 14.8% and 14.7%. This season that jumped up to a massive 21.5%. For some reference here Stamkos is a career 16.9% shooter and has been above the 20% mark just once in his career. Ovi's a career 12.6% and his career high percentage is just 15.1% (which he hit just this past season). Matthews is a career 15.5% shooter with a season high of 18.2%. So there's almost no way Points gets 20% again, and unless his shot volume increases by a lot he's not getting close to 40 goals again.

I had heard about his high shooting percentage before but I didn't realize how high his PP shooting percentage was until just now (when I was looking at some Faulk-related stuff). Point led the league in PP goals this past season with 20. He did that on just 51 shots! That's a 39.22%. That's an absolutely insane number. Stamkos and Ovi were behind him with 19 and 18 goals but they did that on 88 and 115 shots respectively. Looking through some previous seasons nobody has even gotten close to a 39% shooting percentage on the powerplay. Last season Laine led the league in powerplay goals/shooting percentage and he was at 20 goals/27.4%.