Rudy Fernandez offered monster 6 year/$26 million contract by Real Madrid

[kentatm]

Yes, I am sure.

35% federal taxes.

7% state taxes average for teams in states that pay tax.

3% state tax average for teams in states that don't pay state tax -

the government rule is players have to pay an average of the taxes of the games they play on the road of the places that do pay state tax. No such thing as players not paying state tax in some states as most NBA fans seem to believe.

3% for union fees - under current union rules.

3% for player retirement and insurance funds -

under the CBA that just expired. The players want more benefits for retired players, so if anything it might go up under the new CBA.

3-4% average for agent's fees for players on their basketball contracts.


Also, just to add this in, players that play in the NBA get tagged an average of 10% agent fees on their sponsor and marketing endorsement deals. In Europe, the club's themselves will arrange such deals for the players and charge them no fees to do so.

And, state and federal taxes in the USA will surely go up soon, as the USA is in incredibly huge debt and is just about bankrupted, and states will have to start increasing taxes, and no doubt the federal government will have to. Probably after the next election cycle.

The federal government tax rate will probably go back to the 39% rate of before the Bush tax cuts for the super rich, because if it does not, the USA will probably end up in civil war.

So yes, I am sure that taking a net contract amount in Europe, and converting it to US dollars, and then just multiplying it by 1.5 to figure a gross amount like an NBA contract is not correct. Because even at the current US tax rate, and with the other fees that come out of NBA contracts, it is much more than just a 1.5 times difference.

Doubling it is much more accurate, and in some cases even that is not enough to make up the difference.

he wont be getting charged most of those taxes in Texas. We have no state income tax.

[bdreason]

So people in Europe don't pay taxes?







Now wonder Greece is bankrupt.

[bdreason]

In other news, Rudy Fernandez is not going to Real Madrid.
He's back to Dallas today, and to stay this season.

I'm glad Rudy is staying... and I'm sure Dallas is happy too. Assuming we even have an NBA season.

[niko]

So people in Europe don't pay taxes?







Now wonder Greece is bankrupt.

not taxes but there is truth in this statement. Socialism shall bankrupt us all.

[Blue&Orange]

not taxes but there is truth in this statement. Socialism shall bankrupt us all.

A little off topic but,

It as nothing to do with the huge global financial crisis caused by the US? In Greece case, it was even more then just a side effect:
http://presscore.ca/2011/?p=3088

[embersyc]

he wont be getting charged most of those taxes in Texas. We have no state income tax.

Basketball players and other pro athletes have to pay taxes in all states they work in. Since 41 of his games are in Texas he will pay less state taxes, but he will still pay some to those states hosting the other half the games.

[kentatm]

Basketball players and other pro athletes have to pay taxes in all states they work in. Since 41 of his games are in Texas he will pay less state taxes, but he will still pay some to those states hosting the other half the games.

hence the reason I said he wouldn't be charged most of those taxes

[niko]

A little off topic but,

It as nothing to do with the huge global financial crisis caused by the US? In Greece case, it was even more then just a side effect:
http://presscore.ca/2011/?p=3088

we give out too much too. a lot of these european countires though, they have more vacation time than we do, much more subsidies to poor than we do, they just pay out a shitload of money, and they don't have the large economy of scale we do. i traveled a lot in europe when i was younger, and was absolutely blown away by the amount they give out to their people. well, reality has set in.

why does everyone always say "well, the US has problems too". No shit. Where did i say we don't? i live in NY. i can give you chapter and verse on giving out more than you should. People have terrible inferioriy complex, anytime something bad is brought uot they immediately want to make sure they are not the worst.

[dreaming121]

I believe salaries in europe are not guaranteed right ? That might explain why Rudy decided so quickly not to play in Europe.

[Sicknote]

Jasikevicius, Childress, Spanoulis, Kleiza, Macijuaskas, Langdon, Holden, Navarro, Batiste - just off the top of my head every one of them has gone on record as saying that the Euroleague is a much better environment to play and live in than the NBA is.

If most American NBA players were not as racist as most NBA fans are, and did not believe the racist BS that "the Euroleague is a bunch of short, slow, non athletic white stiffs that can't jump or run"............

then many American NBA players would go to the Euroleague. But most of them, just like most of the NBA fans in the USA, believe in the extremely racist marketing of the NBA, that basketball is a "black man's game", and that "whites can't play basketball."

American players want to play in places like Miami or LA, which are complete hell holes compared to any decent Mediterranean city. American players would flock to the Euroleague if they actually knew anything about it.

I've never heard a single American player that played in the NBA and Euroleague, ever say that the Euroleague was "inferior" and all this other BS nonsense that you see in forums like this. They all say that it is a very serious level of basketball competition.

It is all USA Basketball, NBA marketing, the US sports media, and the players like the agents, Nike, Reebok, Gatorade, Addidas, AAU system, high school and NCAA coaches, etc....

brainwashing American players from an early age that the Euroleague is a joke and to not play there, as a ploy to hoard the money in the US basketball system.

The US sports media like ESPN and TNT and Fox, SI, etc. are ridiculous in this. Always brainwashing the American fans about how inferior the Euroleague is and how superior the NBA is. It is all marketing and money BS.

Most US sports fans would love the Euroleague if it was ever presented to them in a normal way.

I agree with the bolded

[YAH trick YAH]

Jasikevicius, Childress, Spanoulis, Kleiza, Macijuaskas, Langdon, Holden, Navarro, Batiste - just off the top of my head every one of them has gone on record as saying that the Euroleague is a much better environment to play and live in than the NBA is.

Of course they would say that. It's a league where they can actually compete. It's no fun gettin your shit pushed in every other night.

[niko]

I agree with the bolded

We have NBA, which is a superior league. I don't know how the argument got watered down but let's be real, NBA is better. That doesn't mean the Euroleague is bad, it's just truth. We also have NCAA. Americans historically don't watch foreign sports, leagues unless it's a step up. (We like Olympic hockey, we like foreign Soccer (EPL, La Liga, etc.), we like to see the best even if it's not us. How do you market a lesser league made up of foreign teams?

[miles berg]

Maybe he wants to play against great players and real competition. A league that has Trajon Langdon isn't exactly competition lol.

No one wants to play in the Euro league, it is where players that can't be stars in the NBA go. Or guys like Langdon that can't even play in the NBA go.

The real stars of Europe, guys like Nowitzki, Gasol, Parker, etc...the guys with actual talent, those guys are in the NBA.

The Euroleague is for the children, the guys that can't hang with the men in the NBA.

[SpanishACB]

people should stop speaking of europe as if it was a country or a bunch of similar states like the USA. It's really embarrasing.
Believe it or not most people in Europe realize whats going on with the financial crisis and no, its not americas fault, and no, its not caused by the superior social public services offered in most european countries.
and yes, there are taxes here (and color tv!) the only thing is that its typical for spanis clubs to give a salary figure discounting taxes which they pay for in favor of the player. its just a strategy to make it more pleasant for the player, as simple as that.

[insidehoops]

New reports say Rudy is going to pass on the offer and stay with the Mavericks:

http://www.insidehoops.com/blog/?p=7950