cybergates

15 minutes ago, BobSaccamanno said:

Interesting.  I’m hardly an accounting person, but it seems like a nightmare for a pro athlete to file state income in 20 plus states?  That seems like something fixable.  Sure you play for Indiana and half your games take place in another state.  But you still are employed in Indiana.  It’d be like an Indy lawyer on a litigation and he takes a deposition in Delaware.  He is still employed in Indiana. His employer is in Indiana.  

It is a nightmare, but given that states operate with their own rules that's the way it currently is.

Regarding your lawyer example, I'm not sure, but as a CPA in Indiana, when I worked for EY in the Indianapolis office, but spent time (sometimes up to 3 weeks working the NYC office), EY withheld taxes for NY and I had to file a return there. Not making anywhere close to NBA $ either so you can imagine how much the states want their piece of that action. Applies to musicians as well, so wherever they perform they would pay taxes.

To take it one step further before I drop it and/or put most people to sleep, if you invest in an investment partnership, where the income generated from that partnership comes from flows to you as the investor and could end up requirinig you to file state returns in multiple states as well. The nice/"fixable" part of that though, is there are composite returns in some states where the partnership can file a return for all the investors opting in, and then pay the taxes directly to the state for you (unfortunately usually at a higher rate). 

On 7/1/2019 at 2:18 PM, Zlinedavid said:

I think the answer is that he left some money on the table, but it's not as if he gave Miami a discount either. $35.5M/year in Miami vs $38M/year in Philly.  That's about 6.5% less per year.  However, Florida has 0 state income tax.  The state of Pennsylvania has a flat 3% tax on all income, and the city of Philadelphia is an additional 3.8%.  So for those 4 years, he's even or slightly ahead. 

The 5th year is what he left.  But, this isn't his first big payday.  At the end of this 4 year contract, he'll have made well over $200M.  Maybe he values the flexibility for the last year or two in his career, if he wants to go after a ring should he not win one in Miami.  Maybe it's worth $30M to him to spend 2/3rds of the year in Miami vs Philly; he can afford to pay for a choice like that.  Maybe he's still playing at a level to warrant more than just the minimum.  If he's a year younger, maybe he gets a team to go for a few years longer instead of just the vet minimum. 

 

Not exactly even or slightly ahead due to the fact that half of the games are played on the road and taxed by that location/state's. Gets even more complicated since they don't play the same schedule (more games vs. ORL helps MIA, more games vs. NY teams hurts PHI), but your overall is valid that the 6.5% difference is pretty dramatically reduced living in FL. I threw it together quickly on a SS and found that the tax rate would have to be 97% in the road games with the same schedule for it to break even.

1 minute ago, IU Scott said:

You are about the only one that doesn't like the signing because everyone I have heard talked about it loves the pickup for the Pacers.  No way I would have given Joseph that much money because he is not a starter and really don't understand what Sacramento is doing with their money.

Yes, that's what I'm in the minority means. 

Guess I'm in the minority here, but I don't like the Brogdon pick up. I like him as a player, but given that what we signed him for (4yr/$85mil), that we traded 2020 1st rd pick and two 2nd rounders, and his injury history, I'd rather have re-signed Cory Joseph for 3y/$37mil that he got with the Kings. Per 36min #s for both through their same age seasons are similar enough that I don't see why you'd pay that much $ and picks for the upgrade to Brogdon. Add in the fact that you have Holiday and hope he's your PG of the future and the move doesn't make much sense to me. If they'd done the deal with Joseph instead they could have paid Bojan the 4yr/$73mil he got from the Jazz (saving 12mil and 3 picks over the Brogdon deal). Not sure if that leaves enough for the Lamb deal, but I think Joseph, Bojan (more room for Holiday to grow) > Brogdon, Lamb, minus 3picks.

Thru same age (26years old):

Career (Brodgon 26 years old-3 seasons, Joseph 27 years old-8 seasons):

Edit - after seeing how heavily protected the 1st round pick is and my feeling of the relative lack of value in 2nd rd picks, I feel much better about the deal given Brogdon stays healthy, not that anyone cares...

1 hour ago, Seeking6 said:

Just a thought on what Pacers would give up to get Gordon. If they believe with him and a healthy Vic (after January 1st) they are better than this year's team I'd say offer up next year 1st round choice. Assuming we improve that pick would be in the 20's....I'd take what I know we're getting in Eric Gordon vs the unknown of a 1st round pick in the 20's.

To add to this, the Rockets are rumored to be shopping those guys for 1st round picks to flip to Philly in the sign and trade for Butler. So it would depend on if they think/know that Philly would want our pick.

1 hour ago, IU Scott said:

Just saw something on ESPN.com that said the Knicks owner might be hesitant to give Durant a max deal

Not surprised, Dolan's history of bad decisions is well documented. 

13 minutes ago, IU Scott said:

You might be right but at this time I would go with a guy who has some inside info that works in the NBA

The "everyone else" hoopster refers to includes many people that have inside info that work in the NBA.

On 6/12/2019 at 6:27 PM, IU Scott said:

Turner is a one dimensional player who is soft as a babies bottom.  The only thing he does well is block shots but other than that he is pretty mediocre.

https://projects.fivethirtyeight.com/carmelo/myles-turner/

Counting this year 18-19 and the next four at 18mil Pacers will pay Myles "only" $75mil which is a bargain for a player of his caliber. CARMELO projects his value at 1.7x that.

Tuesday Throwback

On 4/8/2018 at 10:08 AM, rico said:

Does anybody have a list of how many former Hoosiers have rings?