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Originally Posted by Heavy Jack
Because of the tax break those millions he left on the table he essentially didn’t and by taking a less than free market AAV he’s helping his team contend while basically taking home what he would anywhere else with a higher AAV on almost every other team.
No Tampa hasn’t won anything (and I mean in 04 too) but they have played deep into the playoffs 3 of the last 4 years and are an annual contender.
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There was an article that kind of put this myth to bed in the Athletic a while back. In Canada it's possible to get almost the same tax advantages as playing in Texas or Florida. There are a lot.of hoops to jump through but if you have that kind of money you can hire a good accountant and get it done.
From the article:
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the most effective of those strategies is called a Retirement compensation arrangement, or an RCA.
Basically, an RCA is a mechanism to defer paying income taxes for high earners who will suffer a significant drop in revenue as soon as they retire.
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