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Old 09-25-2019, 09:57 AM   #142
Strange Brew
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Well Tkachuk's holdout worked for him. He was able to squeeze a few extra dollars and he has a clear path to a big payday with full UFA rights.

As for Treliving, well he got the guy signed and didn't do anything outrageous.

I don't know how people are being so definitive on the taxes that Point will save compared to Tkachuk. It's not as easy as saying he has no state income tax and Tkachuk has provincial tax. Here is an excerpt from a Forbes article on the matter:

"Athletes file taxes not only in their home state but also in every state—and some cities—in which they play. Not every state uses the same calculation to determine what portion of an athlete’s income to tax, and some use different calculations based on the sport. For example, Pennsylvania taxes baseball, basketball and hockey players on the ratio games in the state over total games played, including pre- and postseason, but they tax football players based on days worked in the state over total days worked. Michigan uses the same method but excludes the preseason. Most other states use the days worked method. Arizona uses that method but excludes days worked in the pre-season (otherwise MLB would be shopping for a new spring training home).

The most important issue for an athlete is domicile. This is where a person lives and plans on living into the future. A person can have only one domicile at a given time, and it remains that place until domicile is established somewhere else. Establishing domicile in a low- or no-tax state can save an athlete thousands in taxes by sheltering their endorsement and investment income in a lower tax jurisdiction than where their team is located. Establishing domicile entails acquiring a permanent residence, be it a 12-month apartment lease or buying a house, getting a driver’s license, voter registration and doing other things that show a connection to that location like joining a religious organization or donating to a local charity. But completing all of these tasks is not enough. The athlete must also spend their offseason at their domicile home."


No doubt Point has lower income taxes than Tkachuk but to calculate it as precisely as they have done is overly simplistic.

As for Tkachuk having a lower cost of living than Point, I'm not so sure it's that huge a difference. Exchange rates fluctuate and Ontario is expensive as hell.
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