Quote:
Originally Posted by GioforPM
Sorry, that’s just not how they operate. Agents don’t provide financial advice. It’s not in their mandate. They don’t have tax guys on their “team”. In fact they don’t really have teams at most of these agencies. It’s more like a partnership of a bunch of independent actors. They run pretty lean organizations.
At best they might have some tax guys they recommend. But their commission is on the total cash, not after tax. So they don’t care.
Apparently the feeling is that they don’t take advantage of tax laws:
https://www.theglobeandmail.com/inve...high-canadian/
Alan Walsh (yeah I know) has said that he puts tax planners on the case and Newport says they have advisors, but as far as I can tell this is higher level stuff than most run of the mill financial planners get into. |
NHL players do not pay agent fees on total salary. They pay on what they take home. After taxes.