Safeties

[Mike M (the other one)]

(01-18-2016, 11:38 AM)fredtoast Wrote: Players like to win and they like money.  Weather and state income tax don't make that much difference.

yea?
With the size of the contracts these guys get, it can make a difference between getting an extra 500k in the back pocket or not.

It's a business, they are going to go to where the can squeeze the most money out of.

Let's just for simplicity's sake say that we made the exact same deal to Michael Johnson that Tampa did.

5 Year 43.75 mil deal ($24 Mill Guaranteed)
Ohio Income tax 5.33%
Florida Income Tax 0%
Difference: $2,333,319 ($1,279,992 guaranteed) in MJ's pocket if he signs in FL vs Ohio for that duration of the contract.

So in order for the contract to have been the same money wise for Michael Johnson, the Bengals would've had to offer him:
5 years/$46.215 mil (in order to account for the income tax).

Now think about all that money Suh got, and Michigan's income tax rate is 4.25%
In Suh's case, 6 years/$114 Mil ($60 mil guaranteed).
If he plays out his contract it will be an extra $4.845 mil in his back pocket ($2.55 mil guaranteed)
Detroit would've had to have made an offer around $119 just to match the $ he would get from the Miami contract.

Of course this is 2 extreme examples, but to the guys that don't make that much. It can still be an extra $20k+ in your pocket.

So yea, don't think about the taxes.