Quote (Sixers @ Dec 11 2023 09:17pm)
Think about how much he will be saving on taxes when he moves out of Cali in 10 years right as the deferred payments start coming in.
i keep seeing people mention the tax savings, but when you're making that kind of salary i cannot envision a 12.3% income tax being that much of a deterrent. especially when you can simply reinvest that money in the S&P which has yielded... 12.4% annually the last 10 years
dude could have just signed a similar deal in texas or florida if he cared about the taxes that much
clearly he understands the value of winning and knows how to market himself.
he's now going to be the most popular athlete in the most notable city in the country and has allowed them to basically purchase endless rings for the next decade