and that payroll.

LAAA is old and overpaid and then some

Maddon cashing in.

They're not that strapped for cash. They'll be in the Cole sweepstakes. If not they'll get Wheeler, Ryu, or Madbum. Then in a year or two they'll have more money to spend.

Projected 69 M in space under luxury tax for 2020. Just depends on how much they want to spend. Like you said, they have no money invested in SP. They'll start soon. In a year or two they'll be out from under Upton & Pujols. That'll free up another 50 M.

the Angels finally get out of payroll prison in 2022 because Pujols (and his contract) will be gone.

so if LAAA signs Cole for let's say $30 MM per year...their payroll will remain very tight in 2020 and 2021.

have to rely on their farm system for starting pitchers

Agreed but he's a Cali guy and I think San Diego or LAA will give the best offer.

that's why the Diamondbacks are the middle ground for a competitive team and a better tax rate

Every year people talk about taxes being a reason players won't go to CA, and every year players still do.

For me, and I assume many, it would definitely be a huge deal breaker. For whatever reason, many athletes don't seem to care.

Angels will for sure be in the Cole sweepstakes. They can afford him with no problem. I'm not saying he will end up there, but you can't write them off

DallasAg 94 said:

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TXAggie2011 said:

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I don't know Gerrit Cole or any particular athlete's personal tastes, but anyone who doubts California sports teams generally are attractive to big money free agents is a fool that needs to take their biases back to the politics board.

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You can follow me around and attack me all you want.

I was born in SoCal and have lived there plenty. 13.3% Income Tax isn't about politics, it is about money and what penalty teams and players have to deal with. Rich people are leaving California and NY in droves.

We'll see where he ends up and what it costs.

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The reality is, and I am not saying Gerrit Cole is this guy, but there are a ton of athletes that don't understand taxation and how it really affects them. The agents either don't advise them on this or they intentionally deflect because hey, that CA team is going to give that player an extra 3 million than that Florida team. Nevermind the fact that the athlete would actually pocket way more cash playing in Florida rather than CA or NY, etc.

I've had a conversation with a financial advisor (one that works with several athletes) that also once upon a time way a player himself and a front office guy in the NFL. He saw/sees this all the time.

A good agent, FA, CPA, and for that matter attorney, should all be consulted when a contract is presented. But they often aren't because the player forgets or the agent misleads.

I would imagine the agent deflects because his cut comes out of the total amount of the contract and not really what the player takes home.

He's just trying to get the biggest contract for 'his client'.

The agent is also able to sell the player on more local endorsement opportunity in places like LA for higher amounts

DallasAg 94 said:

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Farmer1906 said:

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Projected 69 M in space under luxury tax for 2020. Just depends on how much they want to spend. Like you said, they have no money invested in SP. They'll start soon. In a year or two they'll be out from under Upton & Pujols. That'll free up another 50 M.

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Don't forget California's 13.3% Income Tax (12.3%+1% Surcharge).

So, Cole is going to go from having 81 games in Texas with no income tax and playing 9 games in Anaheim at 13.3% IT, to playin 81 Games in California with IT, v 9 games in Texas?!

That's about $4M on $30M.

So, a $30M to play in Houston for home games would be similar to about $26M to play in California.

And you'd be going to a team that isn't likely to have enough SP to get you to the playoffs.

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Assuming one is a resident of CA, and it would be hard to fight one isn't if on a CA based team, they pay the 13.3% on all income earned, not just the games played in CA.

Also, TX based teams play the A's as well, so add in those games.

For some teams, the popularity makes up for the taxes with sponsorships. Lakers and Dodgers for example. Not sure the Angels are that team though.

BigPuma said:

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DallasAg 94 said:

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TXAggie2011 said:

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I don't know Gerrit Cole or any particular athlete's personal tastes, but anyone who doubts California sports teams generally are attractive to big money free agents is a fool that needs to take their biases back to the politics board.

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You can follow me around and attack me all you want.

I was born in SoCal and have lived there plenty. 13.3% Income Tax isn't about politics, it is about money and what penalty teams and players have to deal with. Rich people are leaving California and NY in droves.

We'll see where he ends up and what it costs.

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The reality is, and I am not saying Gerrit Cole is this guy, but there are a ton of athletes that don't understand taxation and how it really affects them. The agents either don't advise them on this or they intentionally deflect because hey, that CA team is going to give that player an extra 3 million than that Florida team. Nevermind the fact that the athlete would actually pocket way more cash playing in Florida rather than CA or NY, etc.

I've had a conversation with a financial advisor (one that works with several athletes) that also once upon a time way a player himself and a front office guy in the NFL. He saw/sees this all the time.

A good agent, FA, CPA, and for that matter attorney, should all be consulted when a contract is presented. But they often aren't because the player forgets or the agent misleads.

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I have 100% heard COLE mention taxes of California

He is aware of that and would take it into account

DallasAg 94 said:

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BMX Bandit said:

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Every year people talk about taxes being a reason players won't go to CA, and every year players still do.

For me, and I assume many, it would definitely be a huge deal breaker. For whatever reason, many athletes don't seem to care.

Angels will for sure be in the Cole sweepstakes. They can afford him with no problem. I'm not saying he will end up there, but you can't write them off

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Players can and do go there, but the teams end up paying more for that player, or the player is willing to Net less money. Some players may not care about the money.

Pujols? Includes 10yr/$10M Personal Services contract after his already insane contract.

Compare Trout to Harper. About $7M/yr difference for 11 years.

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And that's the one and only point being made.

The NHL media and fandom worries about Canadian [or wherever] taxes every year, and players still go north. The NBA media and fandom talks about it and every player still wants to play in Los Angeles. The MLB media and fandom talks about it and players still end up in Southern California or New York.

Pro athletes are 20 to 35 year old males with short careers and very limited opportunities to choose where to play.

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I have 100% heard COLE mention taxes of California

He is aware of that and would take it into account

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Gerritt Cole has mentioned it, most definitely. It was in a "you're paying for the perks" sense, so we'll see.

I know he's a New York Yankees fan, so I'm particularly curious to see if that pans out.

The Yankees see a 4 or so year window with their awesome offensive core but have mediocre starting pitching...add their once unsigned draft pick and things look pretty darn good for them.

What's bizarre is that you aren't remotely grasping what he said

The "that free agent won't sign there because of the income tax"' is one of the oldest and most laughable arguments that comes up in FA landing spot speculation

Misclicked

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"I don't know Gerrit Cole or any particular athlete's personal tastes, but anyone who doubts California sports teams generally are attractive to big money free agents is a fool that needs to take their biases back to the politics board."

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You act like these players are going to play for free.

Given the option to play NHL or go to Europe? I'm sure they will play in Canada... and they'll be paid. Would I decide to NOT play in the NBA because of the taxes and opt for a menial job somewhere else? No.

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Ah, yes, if Lebron James didn't sign with the Lakers, he'd be working the register at your local Hot Topic.

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Wealthy people don't pay income tax, high wage earners do.

Your articles reference for higher wage earners is $110K. $110K is not wealthy. Not in Texas. Not in California. Those are International immigrants from India filling roles vacated by "middle wage earners" who are leaving the state. Population growth in California is International immigrants and births.

https://qz.com/1599150/californias-population-could-start-shrinking-very-soon/

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The ironic part of your mission to make a complete ass of yourself is that 2011's article blames taxes as a reason why Bryce Harper ended up in Philly and not California. But you seem to have blown by that.




At any rate, your comment was the "rich are leaving in droves." The definition of "rich" is "abundance of material wealth." So, don't get mad if someone responds about "wealth." If you want to talk about wage earners, 2011's article also says:

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State demographers, digging into federal census data, found that significantly more people earning above $125,000 were moving into California than were leaving. And more earning less than $75,000 were taking off.

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FYI, I can't tell exactly what you're claiming is "middle wage" but only about 10% of wage earners in California make $125,000 or more.

p.s. Nothing in the article you posted remotely refutes that California's domestic migration loss is caused by lower wage earners leaving.