I just like the guy. Humble superstars are hard to find.
MA taxes are suboptimal for a FA though. Always better in FL or TX. otherwise, C's have done everything else possible to put the organization in the best position possible for a FA looking for future success and stability.
I agree about the taxes. I am hopeful that since Boston is a top 5 NBA market (and top 3 globally I believe) that he could get some of that back with more endorsements and merchandise sales?
This taxes thing comes up fairly often. Why doesn't the NBA fix it to level the playing field?
I understand that you can't change state tax law, but why not pro-rate the salary cap state-by-state so that after-tax salaries are always equal (based on what % of the cap a player receives)?
The league could even then make a series of side payments that would make whole the teams in high-tax states (who'd be paying out more pre-tax salary dollars).
The tax differential between states is not meaningless, but it's usually overstated.
Most state taxes are paid based on earnings in that state. This impacts pro sports athletes in that money they earn in a given state will require state taxes be paid per that state.
So, when an athlete for San Antonio plays a game in Boston, he has to pay MA tax for his earnings for that game.
For an athlete playing for Boston, he'll have to pay state income tax on the games he plays in the Garden, and also on games played in other states that also have a state income tax (per a filing in that state), but not for the games played in states without an income tax.
The net effect of this is twofold: (1) The difference in state tax between a high tax state (MA) and a no-tax state (TX) is basically applicable to only around half the games (depending on the road schedule) and (2) a pro sports athlete needs a good accountant.
I think someone mentioned (on a previous discussion of this) that a few states have inter-state agreements that affect this as well, though I don't know about the details of that. I'm not a tax attorney or accountant. I have had to pay state taxes in multiple states before though.