Quote:
Originally Posted by AustinL_NHL
Have to take the tax situation into account though.
If he's making $5.25M in TB, he's bringing in $3.214M a year in net come, vs only $2.758M in Calgary.
To make the same net income in Calgary, he'd have to make a tad over $6.1M here
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$5.25M USD is also $6.91M CAD right now. Taxes, obviously are an issue, but if you take into account all of other financial issues such as the exchange rate, cost of living in bigger cities versus smaller cities etc etc the money more or less ends up being a wash.
If these issues were as big of a deal as people are making them out to be, then New York, who have some of the highest tax burdens in the US and arguably the highest costs of living would have a supremely difficult time attracting UFA's and retaining talent... which is definitely not the case.
Edit.
Further to that point, just having a quick look at the NYR's player salaries, for the most part, they are all paid their NHL market value. There doesn't seem to be a premium paid by the NYR's to take into account the high cost of living or high tax burden, which I think really dispels the myth that NHL GM's care too much about the tax implications in their jurisdiction.