Chris Bosh & Dwayne Wade -- Seriously, Seriously?

[pigskincardboard]

First off, I'm from Toronto and I have nothing but respect for Chris Bosh. He was great for the city, a fun guy, donated his time and money, and loved the twitter. However, when you start rambling on about how it's not about the money and it's just about winning, you're going to get people hating you.

Sure, from the looks of it, Bosh and Wade won't make MAX money but maybe I'm missing something.

So they're not going to be making 25% of the total salary cap (14.5) but rather somewhere around 22%

Florida's lack of a State Tax more than makes up for this, especially compared to the Socialist Haven that is Ontario. Chris Bosh will make MORE money by taking less money. So don't tell me this isn't about the money. Also, maybe if you're taking a mid-level exemption of about $6M, then you could say, "This isn't about the Money." As it stands, these guys are willing to take less money on paper by about 1-2M. If someone wants to explain to me why taking 110M instead of 125M should be praised, please step up.

This really bugs me because turning down a few million dollars when you're making that much isn't something to be praised. Chris Bosh has opened up infinitely more marketing possibilities in Miami and I bet his NET income goes up around 15% based on what he'd make in Toronto.

So please, don't say this isn't about the money. If you want to say it's not about the money on paper, go nuts, but if you're going to make more money in Miami, how can it not be about the money?

 

[Anthony K.]

First off, I'm from Toronto and I have nothing but respect for Chris Bosh. He was great for the city, a fun guy, donated his time and money, and loved the twitter. However, when you start rambling on about how it's not about the money and it's just about winning, you're going to get people hating you.

Sure, from the looks of it, Bosh and Wade won't make MAX money but maybe I'm missing something.

So they're not going to be making 25% of the total salary cap (14.5) but rather somewhere around 22%

Florida's lack of a State Tax more than makes up for this, especially compared to the Socialist Haven that is Ontario. Chris Bosh will make MORE money by taking less money. So don't tell me this isn't about the money. Also, maybe if you're taking a mid-level exemption of about $6M, then you could say, "This isn't about the Money." As it stands, these guys are willing to take less money on paper by about 1-2M. If someone wants to explain to me why taking 110M instead of 125M should be praised, please step up.

This really bugs me because turning down a few million dollars when you're making that much isn't something to be praised. Chris Bosh has opened up infinitely more marketing possibilities in Miami and I bet his NET income goes up around 15% based on what he'd make in Toronto.

So please, don't say this isn't about the money. If you want to say it's not about the money on paper, go nuts, but if you're going to make more money in Miami, how can it not be about the money?

Remember, he, like LeBron, could get an extra year from their previous teams PLUS $30 million more (they can offer more in a max deal, then any other team can).

So, really, he isn't doing it for the money, taxes or not.

 

[pigskincardboard]

First off, I'm from Toronto and I have nothing but respect for Chris Bosh. He was great for the city, a fun guy, donated his time and money, and loved the twitter. However, when you start rambling on about how it's not about the money and it's just about winning, you're going to get people hating you.

Sure, from the looks of it, Bosh and Wade won't make MAX money but maybe I'm missing something.

So they're not going to be making 25% of the total salary cap (14.5) but rather somewhere around 22%

Florida's lack of a State Tax more than makes up for this, especially compared to the Socialist Haven that is Ontario. Chris Bosh will make MORE money by taking less money. So don't tell me this isn't about the money. Also, maybe if you're taking a mid-level exemption of about $6M, then you could say, "This isn't about the Money." As it stands, these guys are willing to take less money on paper by about 1-2M. If someone wants to explain to me why taking 110M instead of 125M should be praised, please step up.

This really bugs me because turning down a few million dollars when you're making that much isn't something to be praised. Chris Bosh has opened up infinitely more marketing possibilities in Miami and I bet his NET income goes up around 15% based on what he'd make in Toronto.

So please, don't say this isn't about the money. If you want to say it's not about the money on paper, go nuts, but if you're going to make more money in Miami, how can it not be about the money?

Remember, he, like LeBron, could get an extra year from their previous teams PLUS $30 million more (they can offer more in a max deal, then any other team can).

So, really, he isn't doing it for the money, taxes or not.

It's 5yrs-90 versus 6yrs-120.

I believe the salary starts at around 14 and ends at 22 (ish) in the five and around 14 and gets to about 26 (ish) in 6-year deals. Other than the security of the extra year, you're basically making about 10M extra. It's essentially an extra 2M a year, right? I also think that it's back-ended based on assumed inflation and increased revenue and corresponding cap increase.

So anyways, Chris Bosh's income from marketing and all that stuff will definitely increase, right? I'd argue that playing on the Miami All-Stars will probably account for at least an extra million a year. I bet it's going to be more like 5 a year, but we'll say 1.

In Toronto, Bosh is paying about 40% income tax plus GST (5) and PST (8) on goods and services.
In Florida, Bosh gets to pay about 35% over a much higher number and 6% on Goods and Services.

Over each year of his contract, Bosh will be paying about a million extra in just income tax plus 7 more percent on stuff that he buys.

Basically, he's breaking even by playing in Miami.

The only way he loses money by playing in Miami is if he doesn't get anything close to a good contract in his 6th year.

 

[Tomlinson21RB]

First off, I'm from Toronto and I have nothing but respect for Chris Bosh. He was great for the city, a fun guy, donated his time and money, and loved the twitter. However, when you start rambling on about how it's not about the money and it's just about winning, you're going to get people hating you.

Sure, from the looks of it, Bosh and Wade won't make MAX money but maybe I'm missing something.

So they're not going to be making 25% of the total salary cap (14.5) but rather somewhere around 22%

Florida's lack of a State Tax more than makes up for this, especially compared to the Socialist Haven that is Ontario. Chris Bosh will make MORE money by taking less money. So don't tell me this isn't about the money. Also, maybe if you're taking a mid-level exemption of about $6M, then you could say, "This isn't about the Money." As it stands, these guys are willing to take less money on paper by about 1-2M. If someone wants to explain to me why taking 110M instead of 125M should be praised, please step up.

This really bugs me because turning down a few million dollars when you're making that much isn't something to be praised. Chris Bosh has opened up infinitely more marketing possibilities in Miami and I bet his NET income goes up around 15% based on what he'd make in Toronto.

So please, don't say this isn't about the money. If you want to say it's not about the money on paper, go nuts, but if you're going to make more money in Miami, how can it not be about the money?

Remember, he, like LeBron, could get an extra year from their previous teams PLUS $30 million more (they can offer more in a max deal, then any other team can).

So, really, he isn't doing it for the money, taxes or not.

It's 5yrs-90 versus 6yrs-120.

I believe the salary starts at around 14 and ends at 22 (ish) in the five and around 14 and gets to about 26 (ish) in 6-year deals. Other than the security of the extra year, you're basically making about 10M extra. It's essentially an extra 2M a year, right? I also think that it's back-ended based on assumed inflation and increased revenue and corresponding cap increase.

So anyways, Chris Bosh's income from marketing and all that stuff will definitely increase, right? I'd argue that playing on the Miami All-Stars will probably account for at least an extra million a year. I bet it's going to be more like 5 a year, but we'll say 1.

In Toronto, Bosh is paying about 40% income tax plus GST (5) and PST (8) on goods and services.
In Florida, Bosh gets to pay about 35% over a much higher number and 6% on Goods and Services.

Over each year of his contract, Bosh will be paying about a million extra in just income tax plus 7 more percent on stuff that he buys.

Basically, he's breaking even by playing in Miami.

The only way he loses money by playing in Miami is if he doesn't get anything close to a good contract in his 6th year.

Why can't it be about both winning and the money? He isn't going to win in Toronto, and has a good chance to win in Miami. Even if he ends up grossing more money in Miami, isn't that just an added bonus?

 

[pigskincardboard]

Yah, he should just say that it's about winning and completely leave out the money part.

I think this is about winning and Miami's gorgeous weather and he should say that. He shouldn't try and cover his butt by saying "it's not about the money." Athletes seem to say that when they want parting sympathy and I hate it.

 

[kdailey4315]

Full disclosure time Pigskin. How bitter are you that Bosh left? Would you have a problem with Toronto giving him a Joe Johnson contract of 6 years 120 million? Which they could have.

 

[TomMurry]

Yah, he should just say that it's about winning and completely leave out the money part.

I think this is about winning and Miami's gorgeous weather and he should say that. He shouldn't try and cover his butt by saying "it's not about the money." Athletes seem to say that when they want parting sympathy and I hate it.

If it was about the money, he would have taken Cleveland's offer or NJ's offer. The projection is that he will make 3 million a year LESS in Miami than he would have in Cleveland. The fact is that he wasnt going to win anything in Cleveland since they didnt want to put out major money for a supporting cast to make them serious contenders. He went where he will likely win a ring as long as these 3 guys can figure out how to play together.

 

[autocut]

To have these 3 All-stars on the same team, its not about money. They get money from endorsements. I think they want some championship rings. Cleveland would never do that unless they got a dominate big man (shaq is on his last leg) and toronto, well... no rings in their future any time soon. Bosh or James could have went to New Jersey or New york and made more money than they are now with Miami. So, its not about the money.

 

[Nate Colbert 17]

I am sure Florida's lack of a state income tax was a factor...as was New York's high tax rates.