Originally Posted by It's A VC3!!!
His agent fees are around 4% and he's paying 30% of it in taxes. He will still walk with 45k after the night. Plus, his fine is tax deductible as well, so he'll get some of that money back. Anyways, I don't care about his money, I care about mine. It's crazy how large these checks are of NBA players.
Then you have conglomerate personalities like LeBron earning more money in endorsements than in NBA salary.
Federal tax rate - 33%
NY State tax - 8.8%
City of NY - 3.6%
Agent fees -4%
It should also be pointed out that Blatche makes 1.35MM/82 = 16,770/gm. Of which he kept 50.6% = $8484. So the fine was ~2 games of income.
It also just came out that 73% of NBA players are broke within 5 years of leaving the NBA. $#!! like this is one reason.
If your boss took ~2.3% of your annual take home because you made a dumb gesture you would certainly be pissed. Not only that but the average NBA career is 6 years. So this could be akin to a .4% CAREER fine.