Quote:
Originally Posted by Hackey
Having your 3 year contract dripped to you over 20 years doesn't seem like a great deal for the player. I assume his agent is smart enough to have worked it all out to make sense though.
|
It is if you move from California to Florida and retire . You are taxed at $100K a year in Florida vs $4.56 million a year in California
It’s effectively a pension plan self created to defer taxes