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Sign the Beast LXIX: La'el Collins - do the Pats have a shot if he is cleared?


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lolwut? Overpay for a guy who's going to receive one of the lowest cap hits on the team? He's a top 15 talent in the draft who cares if you have talent there already, if he's willing to sign TAKE him! All this assuming he gets cleared of course and it's doubtful anyone will sign him before hand. Plus, he could move his way into Solder's position and that would save Pats a ton of money.
Bookmark my post and rub my nose in it if they sign him.
 
You seem to think that millions of dollars are rounding errors. 99.99999999999999999999999999999999999999999999999999% of individuals in the world would probably disagree.

That's not what I said and you're being purposely opaque.

Since NFL athletes have to file in many of the states where they play road games, much less than 100% of their income is taxed in their home states - so up to 50% of their income is taxed as road games, which makes their home field irrelevant to those games. If you play for Tampa and have to play the Chargers, the Raiders and the 9'ers, you're paying Cal tax on those 3 games.

So of the 50% remaining, since State tax is deductible on Federal tax, 39.5% of the money paid to the state would have been paid to the feds regardless of where you live.

So a player making 10,000,000 pays the jock tax on half his games, leaving 5 million for his home stadium. If that state has an absurdly high state income tax of 10%, that's a half-million tax bill. but since that 500k would have otherwise been subject to federal taxes at the 39.5% rate, the net tax bill on a 10million salary is possibly (depends on states where you play and if jock tax applies) an extra 300+k.

Since a guy making that change probably will have a multi-million house, those states where there are no income taxes typically have brutal property taxes.

So yeah, you're a little better off staying out of high-tax states, just as you're better off financially buying a home in North Carolina over southern California.

I would have been better off moving to New Hampshire from Mass, since my money comes from out of state and I get paid on 1099...but then I would have had to live in NH and I prefer Mass. If a guy like Brady or Suh is even considering these little things, he's an idiot, because he will have all he wants for the rest of his life even when he gets nibbled around the edges by a couple % here or there.
 
State taxes are indeed important. Playing at least half your games in a state with no income tax is relevant, especially to a player being paid at the NFL minimum.

One factor not mentioned much is when he can make "real money". Several teams are more willing than others to negotiate before the contract ends. This can make a huge difference.

CASE 1 - Being drafted at the bottom of the first to a team that rarely re-negotiates
Collins would be locked in to a 5 year contract (the 5th at a pretty good rate of pay).

CASE 2 - Being drafted by a team that often re-negotiates if a player outplays his contract
Collins would re-negotiate after 2 years. His 3rd-5th year would be under the new contract.
At worst, he would be an RFA for his 4th year, and likely to have a real payday for his 4th year, probably much higher than a bottom of the first draftee.
 
That's not what I said and you're being purposely opaque.

No, I'm mocking your clearly erroneous claim that the money involved is so small as to be an accounting error.
 
I would have been better off moving to New Hampshire from Mass, since my money comes from out of state and I get paid on 1099...but then I would have had to live in NH and I prefer Mass. If a guy like Brady or Suh is even considering these little things, he's an idiot, because he will have all he wants for the rest of his life even when he gets nibbled around the edges by a couple % here or there.

1) There are lots of people who prefer NOT to live in MA. Please believe it. Many, many would choose Miami to Boston.

2) There are no guarantees of a second contract for any NFL player. UDFA's have the unusual opportunity to choose where they play. Considering the average length of an NFL career, some advisors would judge that it is important to make that $50K more that might be available in a low tax state.

3) There are considerations that must be considered in addition to state tax. We presume that Collins would want to play where he were an immediate starter. He would want to earn the incentive theta the NFL gives to low-paid staters. He might want to consider the likelihood of earning playoff money.

But the most important financial factor is the possibility of negotiating after two years, which is possible for UDFA's, but not for draftees.
 
No, I'm mocking your clearly erroneous claim that the money involved is so small as to be an accounting error.

And I'm mocking your clearly wrong interpretation that the money involved is so large as to register. A guy investing that kind of money sees that sort of swing regularly in the market. It's only "millions of dollars" if you're earning many tens of millions of dollars.
 
A lot of posters here are afraid to have big time talents on this team..they seem to think that everyone given a first round talent is some kind of diva
 
And I'm mocking your clearly wrong interpretation that the money involved is so large as to register. A guy investing that kind of money sees that sort of swing regularly in the market. It's only "millions of dollars" if you're earning many tens of millions of dollars.

The money IS large enough to register. Your last line acknowledges this, even though you think it does the opposite.

Or, to use rounding that works in favor YOUR argument:

$20m salary
8 home games = $10m
No away games in non-tax states
10% tax rate - $1m dollars
60% kept after your claimed rebate - $600k
 
So he has been cleared as suspect?
 
Someone from ESPN AND Queens NY ? I have my doubts about this tweet.
All he did was report what two Saints beat writers already reported.
 
Now is the time for Collins to get in on the action if that's his thing. Probably not going to be a dull moment in Patriotland for some time.
 
CBS Sports' Jason La Canfora reports LSU T/G La'El Collins' first visit will be to the Cowboys.
 
zero chance he signs there. They already have cap issues and no need for o line talent
Signing Collins will have very little cap impact on the Cowbpys. Signing Collins is a great value for any team. Signing Collins will improve any team's depth.
 
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