[News] Gaudreau here to stay

[Street Pharmacist]

Originally Posted by PeteMoss

Impossible to know but Monahan could be - $925,000 salary per year plus signing bonus of 10% and may have hit a bonus for 20 goals last year plus any endorsement money.

I don't think he would've hit all of those bonuses. Then the fact that he only keeps 60% (or less) after taxes. Then he has expenses. No way he's close to being worth a million. Probably not even close to half way

[Nage Waza]

So they are all likely to be clearing cheques bi weekly at about $25,000. I don't think it matters that much mid season if their pay is worth much more than that. Summer is a different story, where they travel and buy things.

Or are they paid only during the hockey season?

[heep223]

Originally Posted by PeteMoss

Impossible to know but Monahan could be - $925,000 salary per year plus signing bonus of 10% and may have hit a bonus for 20 goals last year plus any endorsement money.

925k in pre tax earnings. Which is like 500k after tax and burdens, less all his living expenses etc which Id assume are quite high. He played a full year last year and a quarter of one this year. Not a chance he has a net worth of $1M+. Yes endorsement money is x-factor but still no chance.

[killer_carlson]

I think Bouma is smart enough to know he'd get the Dan Quinn treatment and moved out of town quick if he roomed with the top young prospects and let them get out of control.

[Tyler]

Originally Posted by killer_carlson

I think Bouma is smart enough to know he'd get the Dan Quinn treatment and moved out of town quick if he roomed with the top young prospects and let them get out of control.

Explanation of Dan Quinn history for those born post-black and white TV

[Beatle17]

Originally Posted by heep223

925k in pre tax earnings. Which is like 500k after tax and burdens, less all his living expenses etc which Id assume are quite high. He played a full year last year and a quarter of one this year. Not a chance he has a net worth of $1M+. Yes endorsement money is x-factor but still no chance.

I am sure his full 3 year contract would count towards his net worth as it is guaranteed, so his net worth would be well over $1M+. Now if you are talking about disposable assets after his first year then he probably wouldn't have $1M+ in value, but the ace in the hole is always the full contract.

[killer_carlson]

Dan Quinn was a decent prospect for us when he came in. He quickly became good buddies with a Mike Vernon. Vernon took the team by storm in the 86 playoffs and was the go to guy in 86/87. Note this was only 2 years after Lemelin had been a Vezina finalist for the Flames.

Quinn and Vernon hit Calgary hard and there were all sorts of stories coming out. This was before the internet (obviously) so word travelled slowly in most instances. Not with these two. Their partying ways moved quick through social circles, and there were some pretty scandalous items there as well.

Management saw this and moved Quinn out before Christmas in the 86/87 season, and removed that influence from their franchise goalie. Quinn's partying reputation got him in trouble in Pittsburgh where he was accused of raping a 19 year old at a hotel or a party, where Mario Lemieux and other Pittsburgh teammates were.

[TorqueDog]

Originally Posted by Street Pharmacist

I don't think he would've hit all of those bonuses. Then the fact that he only keeps 60% (or less) after taxes. Then he has expenses. No way he's close to being worth a million. Probably not even close to half way

The most income tax he'll pay as a resident of Alberta is 39% (29% federal, 10% provincial). I'm sure some of his expenses are likely write-offs, so it's entirely possible he can get some of that 39% back.

[cSpooge]

Originally Posted by TorqueDog

The most income tax he'll pay as a resident of Alberta is 39% (29% federal, 10% provincial). I'm sure some of his expenses are likely write-offs, so it's entirely possible he can get some of that 39% back.

the only issue being that he is probably not a resident of Alberta for tax purposes so he will end up paying more between Canada and the US.

[Enoch Root]

Originally Posted by GreenLantern2814

Well that's the point, right? He may be a dick to you in private, but you're all still his guys. Hartley is like your dad. He's the only one who's allowed to call you an idiot. Anyone else does, there will be trouble.

That has to endear Hartley to the players.

Exactly. I always felt that was the best coaching style: praise publicly and only criticize privately. On bad nights, criticize as a group: we played poorly, or: it was a tough night for the defense.

The only time a player should be called out publicly is when nothing is working and you do it as a last resort.

I think players really appreciate a coach like that and his shelf-life will be way longer with the room.

My personal opinion.

[BurningSteel]

If the production value of their commercials is any indication Monahan should pocket an extra $40 to $60 a year from Toyota commercials alone.

[Mister Yamoto]

I don't like this move.

[IamNotKenKing]

Originally Posted by cSpooge

the only issue being that he is probably not a resident of Alberta for tax purposes so he will end up paying more between Canada and the US.

Why would you say he's not a resident of Alberta for tax purposes. Of course he is.

[GreenLantern2814]

Originally Posted by heep223

925k in pre tax earnings. Which is like 500k after tax and burdens, less all his living expenses etc which Id assume are quite high. He played a full year last year and a quarter of one this year. Not a chance he has a net worth of $1M+. Yes endorsement money is x-factor but still no chance.

How high could his living expenses be? He has a mortgage and his base annual salary is $925K. Unless he went out and bought a 2-million dollar castle, I can't imagine a single guy has astronomical costs of living.

[Travis Munroe]

Expect 50% of your wage to end up in your account (at most).
Taxes + agent fees are a killer.

On the bright side, expenses are very low as its difficult to spend money during the season.

[bob-loblaw]

I think hockey players can be considered as professional corporations by CRA like doctors, lawyers, etc. are. If true then they can have deductions that we individual taxpayers don't have and fall into different tax rates. They get paid in USD too and with the tax rates in Alberta their actually money ahead playing in Alberta than in the US. I thought I also read somewhere that they don't have normal pay periods like employees do and rather only have four or five per season.

The fact is that they're 22 or younger and will make more than most of us in seven months than us working for 15 years. That being said apartments and condos are hard to come by in Calgary, so yeah, good luck getting one without roomies, ha ha.

[CliffFletcher]

Originally Posted by killer_carlson

Dan Quinn was a decent prospect for us when he came in. He quickly became good buddies with a Mike Vernon. Vernon took the team by storm in the 86 playoffs and was the go to guy in 86/87. Note this was only 2 years after Lemelin had been a Vezina finalist for the Flames.

Quinn and Vernon hit Calgary hard and there were all sorts of stories coming out. This was before the internet (obviously) so word travelled slowly in most instances. Not with these two. Their partying ways moved quick through social circles, and there were some pretty scandalous items there as well.

Management saw this and moved Quinn out before Christmas in the 86/87 season, and removed that influence from their franchise goalie. Quinn's partying reputation got him in trouble in Pittsburgh where he was accused of raping a 19 year old at a hotel or a party, where Mario Lemieux and other Pittsburgh teammates were.

And keep in mind that Quinn had just led the Flames in scoring as a 20-year-old, with 72 points in 78 games. So this wasn't just any young prospect. He was already the number once centre on the team and expected to be so for a long time going forward. Think Monahan.

It took a lot of guts for Fletcher to trade him, especially at a time when the newspapers wouldn't have covered any of Quinn's issues, so most fans had no idea why he was moved.

[browna]

Originally Posted by CliffFletcher

And keep in mind that Quinn had just led the Flames in scoring as a 20-year-old, with 72 points in 78 games. So this wasn't just any young prospect. He was already the number once centre on the team and expected to be so for a long time going forward. Think Monahan.

It took a lot of guts for Fletcher to trade him, especially at a time when the newspapers wouldn't have covered any of Quinn's issues, so most fans had no idea why he was moved.

Possibly took guts, but the Flames were in "win now" mode (such as it was in a non cap world) after losing in the 86 Finals.

Plus, Fletcher had goodwill from fans and media for his trades from the years prior, though most importantly, they traded Quinn straight up for Bullard, a bonafide NHL sniper who had more points (83 - 41 of those goals) the previous year than Quinn, and 250 in the preceding 3 seasons.

[robaur]

Originally Posted by bob-loblaw

I think hockey players can be considered as professional corporations by CRA like doctors, lawyers, etc. are. If true then they can have deductions that we individual taxpayers don't have and fall into different tax rates. They get paid in USD too and with the tax rates in Alberta their actually money ahead playing in Alberta than in the US. I thought I also read somewhere that they don't have normal pay periods like employees do and rather only have four or five per season.

The fact is that they're 22 or younger and will make more than most of us in seven months than us working for 15 years. That being said apartments and condos are hard to come by in Calgary, so yeah, good luck getting one without roomies, ha ha.

Yes...hockey players are indeed treated as corporations for tax and accounting purposes. Gaudreau would get pay himself from a company that he establishes as Skittles Sports Incorporated for example.

The tax benefits I'm not too sure of as I dont know the US tax system too well. Since Gaudreau is actually a citizen and a resident of New Jersey, he might just pay taxes in Canada and then get credit for it in the US? Atleast, thats what the Canadian tax system does.

[CliffFletcher]

Yeah, Fletcher got value in the trade. And later turned Bullard into Gilmour. But it was a still a mystery to some why the talented young number one centre was moved out the year after he led the team in scoring.