Adam Beasley
@AdamHBeasley
·
19h
Tyreek Hill on why he's a Dolphin and not a Jet right now: "State taxes." |
Seems interesting that money is such an overwhelming issue at that level. You'd think winning would be the priority for establishing a legacy. Not to count someone else's money. And not to say the Jets were the "winning" choice. But we sometimes have these discussions on BBI about where guys are willing to sign and apparently state taxes do matter some % of the time. Seems crazy to me. What about you? Would you take the % save in state taxes to play for an inferior team all other things being equal?
These guys only play for so long.
These guys only play for so long.
I get that money matters a lot. But when you make as much as a star NFL player makes, you can invest in hedge funds and lucrative real estate deals and make MONEY. You're already in that club. What difference does a couple of million in state taxes really buy you?
I get that. But from Hill's own mouth, it was the state taxes NOT all that other stuff.
I think it's smart to prefer riches over Super Bowl rings when a lot of these guys are practically crippled in their 40s and 50s. You have to be nuts, which a lot of the greats are, to be all about winning over everything else.
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It's almost always about the money. The NFL is a business.
These guys only play for so long.
I get that money matters a lot. But when you make as much as a star NFL player makes, you can invest in hedge funds and lucrative real estate deals and make MONEY. You're already in that club. What difference does a couple of million in state taxes really buy you?
That is a thought many millionaires do not share. Probably the reason they are millionaires. When two things are relatively equal take the one that brings you the most.
Well, from his own mouth he'd previously said it was exactly that other stuff. Being from that area and wanting Tua over Wilson as his QB. Not to say taxes aren't an issue for him, but I doubt they were the sole factor, this latest quote notwithstanding.
Anyway, he's still paying state taxes on road games. Should've probably gone to the Texans. No state tax, and fewer road games in high tax ststes (NY, NJ, MA).
And when people are corporations do forgo tax breaks they usually publish it because it’s really a marketing strategy. Perfect example is salesforce advocating for the 1% corporate tax increase in San Francisco. It makes them look socially responsible and helps attract employees and clients
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and has said before a lot of his family is nearby so he considers it to be like home. But also, who in their right mind would want to play for the Jests?
I get that. But from Hill's own mouth, it was the state taxes NOT all that other stuff.
He answered the question differently after the trade happened. He's an eccentric personality though so not a surprise
Sure, for some athletes, that is offset by the endorsement amount. Considering Hill beat up a pregnant woman and is a complete piece of shit, endorsements may not fully offset that amount
+1
I was going to post something similar.
It's like asking, "Why would billionaires want to reduce their tax liabilities when they're already billionaires?"
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if anyone thinks 8 pct of that someone who is rich doesn't care about, since "they have enough" is crazy. Rich people make tax moves all the time, have residency in different places and lawyers and accountants to minimize the amount they owe. No says, I have "enough" so I will pay millions more in taxes...
+1
I was going to post something similar.
It's like asking, "Why would billionaires want to reduce their tax liabilities when they're already billionaires?"
If you're a baseball player and you're offered 100 mill to play for the Yankees or 100 mill to play for the Marlins, you're only weighing the tax ramifications? That seems like shallow, short sighted thinking to me.
The Rangers have to pay so much extra to a free agent to equal the money Tampa can offer, its ridiculous
There should be some kind of sliding scale for the salary cap due to the differences in state taxes
And do it when there are a myriad of other reasons that he likely came to the decision on top of money. At least make the hill you're dying on a top notch SB contender he's passing on.
What's next? Telling him how he should spend that money?
Beanie babies, obviously.
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In comment 15845493 upstatenyg said:
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if anyone thinks 8 pct of that someone who is rich doesn't care about, since "they have enough" is crazy. Rich people make tax moves all the time, have residency in different places and lawyers and accountants to minimize the amount they owe. No says, I have "enough" so I will pay millions more in taxes...
+1
I was going to post something similar.
It's like asking, "Why would billionaires want to reduce their tax liabilities when they're already billionaires?"
If you're a baseball player and you're offered 100 mill to play for the Yankees or 100 mill to play for the Marlins, you're only weighing the tax ramifications? That seems like shallow, short sighted thinking to me.
If a player takes a $100 million over $92 million to play for the Miami dolphins over the Houston Texans is that okay in your mind? Because essentially that’s the same thing as what’s being debated here.
Usually don’t hear about people having a problem with players taking the highest offer in free agency
And do it when there are a myriad of other reasons that he likely came to the decision on top of money. At least make the hill you're dying on a top notch SB contender he's passing on.
What's next? Telling him how he should spend that money?
I suppose the idea of a thought experiment is too difficult for you to comprehend. Why not address the actual hypothetical I posed and not some straw man you pulled out of your ass.
If the difference is professional success and enjoying coming to work everyday, I would take a pay cut yes.
TEams don't want to overpay. They won't just blindly throw the very top dollar at a player. Sometimes they have to. IT's either get the player or don't yet every year fans in this town lose their minds over the contract as if the teams don't care about luxury taxes or cap.
NY and especially NYC is even worse.
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Who doesn’t try to limit their tax liability? If you had the chance to pay xxx% less in taxes you wouldn’t? Stop it.
If the difference is professional success and enjoying coming to work everyday, I would take a pay cut yes.
The jets and the dolphins are basically the same in terms of probability of sucess.
Under the argument, he would have stayed in KC.
TEams don't want to overpay. They won't just blindly throw the very top dollar at a player. Sometimes they have to. IT's either get the player or don't yet every year fans in this town lose their minds over the contract as if the teams don't care about luxury taxes or cap.
This was more the point I was trying to make. Clearly we are at a disadvantage among some athletes in signing them since they are just going after every penny regardless of outside potential for money making (e.g. being close to the financial capital of the world or proximity to the most lucrative media market)...
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In comment 15845532 GiantsRage2007 said:
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Who doesn’t try to limit their tax liability? If you had the chance to pay xxx% less in taxes you wouldn’t? Stop it.
If the difference is professional success and enjoying coming to work everyday, I would take a pay cut yes.
The jets and the dolphins are basically the same in terms of probability of sucess.
Under the argument, he would have stayed in KC.
I'm not talking about Hill specifically.
Why do you think KT5 wants to emulate Michael Strahan? You think he's going to be worried about state income tax if he can get a nationally syndicated talk show when he retires?
Of course, it’s not really true with larger amounts as we discovered with SALT.
I also think if it was a white athlete it would pass unnoticed but black athletes are supposed to “give back.” So when a black athlete is just out front about not wanting to pay taxes, it strikes some people as incongruous.
Why do you think KT5 wants to emulate Michael Strahan? You think he's going to be worried about state income tax if he can get a nationally syndicated talk show when he retires?
Everyone is different. Do you really think this was the only reason for Hill? I'm sure it was one of many but he just chose to answer the question the way he did.
Prior to the season starting Miami offered:
- A better QB
- Better weather
- Better taxes
- Up and coming HC
- More open policies on living how you want to live
- On and on and on and on
What exactly does being a NY Jet offer and who has it benefitting the last decade or so? Last player to kill it on the Jets was Darrelle Revis.
Of course, it’s not really true with larger amounts as we discovered with SALT.
I also think if it was a white athlete it would pass unnoticed but black athletes are supposed to “give back.” So when a black athlete is just out front about not wanting to pay taxes, it strikes some people as incongruous.
If Tom Brady said he played for the Bucs because of taxes, that would be incongruous. And he's as red as they come.
Why do you think KT5 wants to emulate Michael Strahan? You think he's going to be worried about state income tax if he can get a nationally syndicated talk show when he retires?
Thibs was drafted. Hill had an option to choose where he was traded. We don't know what Thibs might do if given a choice where he can work.
I give Hill credit here for thinking about something like this. It's a material financial impact. I don't get why you anyone would criticize someone for wanting to maximize their income.
But it's Miami guys.
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Some of you wouldn't be able to make sense of a billionaire buying a house in the Hamptons under the logic your displaying. Maybe there are hidden values in being in proximity to other people of vast wealth that paying a premium to get access isn't as much a loss as a cost of doing business?
Why do you think KT5 wants to emulate Michael Strahan? You think he's going to be worried about state income tax if he can get a nationally syndicated talk show when he retires?
Everyone is different. Do you really think this was the only reason for Hill? I'm sure it was one of many but he just chose to answer the question the way he did.
Prior to the season starting Miami offered:
- A better QB
- Better weather
- Better taxes
- Up and coming HC
- More open policies on living how you want to live
- On and on and on and on
What exactly does being a NY Jet offer and who has it benefitting the last decade or so? Last player to kill it on the Jets was Darrelle Revis.
I agree that there were other factors in play. I just found it interesting that state taxes really is a factor to some extent even for players who are on that star level and make hundreds of millions. It just struck me as odd that he clearly values that at least somewhat strongly relative to the other factors. I would imagine professional factors around success and legacy would matter a lot more, but perhaps they don't for some players. Just thought that pointing this out for when FA comes around, because naively on my part I suppose, I never really bought that as super important to the upper echelon FA.
Outside of Jerry Rice who even remembers how many titles WR's win? It almost exclusively comes into play for QB's only. Tyreek got his SB, now he wants all the money he can get, makes a ton of sense.
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Some of you wouldn't be able to make sense of a billionaire buying a house in the Hamptons under the logic your displaying. Maybe there are hidden values in being in proximity to other people of vast wealth that paying a premium to get access isn't as much a loss as a cost of doing business?
Why do you think KT5 wants to emulate Michael Strahan? You think he's going to be worried about state income tax if he can get a nationally syndicated talk show when he retires?
Thibs was drafted. Hill had an option to choose where he was traded. We don't know what Thibs might do if given a choice where he can work.
I give Hill credit here for thinking about something like this. It's a material financial impact. I don't get why you anyone would criticize someone for wanting to maximize their income.
Outside of Jerry Rice who even remembers how many titles WR's win? It almost exclusively comes into play for QB's only. Tyreek got his SB, now he wants all the money he can get, makes a ton of sense.
Fair point.
So you want to give professional athletes, who already make millions, an unfair advantage over ordinary citizens who live in that state?
Yeah, that'll go over well.
That totally makes sense. I agree. It was more the fact that he even mentioned taxes that got me on what is tangential to the case of Tyreek Hill.
You are basically arguing that millionaires should be getting tax breaks that someone who is just getting by as a plumber or waitress can't get.
Do you understand what you are saying?