Marcus Morris and Nerlens Noel fire Rich Paul as their agent

[Rekkapryde]

Breh it's even worse than that. Pistons had 4 / $80 million on the table for him.

Are the Detroit Pistons right? Or will Kentavious Caldwell-Pope win his bet?

Factor in the difference in state tax rates for half the total salary (since half of all games played are home games), and shyt gets even crazier.

Michigan has a flat state income tax rate of 4.25%. On top of that, anyone working in the City of Detroit must pay at least 1.2% if they're a nonresident, and 2.4% if they live within the Detroit city limits. Assuming KCP lived outside the city limits, he'd owe 5.45% in city / state taxes ($2.18 million over the 4 years / $80 million contract - remember, those local / state taxes are only paid on home games) if he'd stayed with the Pistons.

Going to LA over those same 4 years, KCP earned:

2017-2018: $17,745,894
2018-2019: $12,000,000
2019-2020: $8,089,282 (Year 1 of the new deal he just signed)
2020-2021: $8,493,746 (Year 2 of the new deal he just signed).

His gross earnings in LA will be $46,328,922. So he's already taken a 42% haircut to play in LA - and that's just on gross terms.

Net of CA state income taxes though, it's materially worse. The top marginal tax rate in CA is 12.3% for any income over ~$570,000. And any income above $1 million pays an additional 1%, for a top rate of 13.3% for income beyond $1 million.

Ignoring taxes owed below that $1 million threshold each year (just to make the math easier), and calculating the total tax based on only half his annual salary (to reflect that only half of all games are played in the state of CA) KCP had (or has upcoming) the following CA state income tax bills:

2017-2018: (($17,745,894 - $1,000,000) / 2)*0.133 = $1,113,602
2018-2019: (($12,000,000 - $1,000,000) / 2)*0.133 = $731,500
2019-2020: (($8,089,282 - $1,000,000) / 2)*0.133 = $471,437
2020-2021: (($8,493,746 - $1,000,000) / 2)*0.133 = $498,334

Total state of CA taxes owed: $2,814,873

KCP's gross pay will be 42% lower in CA than in Detroit...and he still ends up paying at least $634,873 more in taxes...and that's ignoring taxes on the 1st $1 million every year in CA

what a fukkin L......

 

[SHO-NUFF]

This also means he had ZERO intentions to stay in OKC.
He signed a day or two before the whole PG and Russ began

 

[MJ Truth]

Coli is pathetic. Agents literally get fired constantly. And these aren’t two big name players. But this thread is doing numbers based around LeBron and Rich Paul bashing. Sad and incredible.

 

[Cᵣₐₛₕ&ₜₕₑCₒᵤₚ]

Only bag Rich messed up was KCP, I don't know what he was thinking with that s*** ​

 

[Strapped]

I blame sas

 

[Rekkapryde]

Coli is pathetic. Agents literally get fired constantly. And these aren’t two big name players. But this thread is doing numbers based around LeBron and Rich Paul bashing. Sad and incredible.

that's what we do....it ain't that serious fam

He costs them nikkaz bread so he getting clowned for it.

 

[Rekkapryde]

Only bag Rich messed up was KCP, I don't know what he was thinking with that s*** ​

Confirmed he fukked up Nerlens bag from the Mavs too now.

 

[fact]

With what some of these players are getting nowadays, Morris should have gotten fukk you money, Rich Paul only cares about LeBron, when he had AD give up that trade kicker, the union should have gotten involved

 

[Save $ not Hoes]

I would love a nikka to be in the barbershop talking about

You hear how rich Paul got fired by marcus Morris and fukked up kcp's bag

Just thinking about that shyt now is

 

[CrimsonTider]

Lol Coli nikkas really rooting against this nikka cause he’s Bron’s boy. Y’all OD on the patheticness sometimes

Look at the bronsexuals

 

[NatiboyB]

So I get that people are shytting on Rich but no one saw that deal Joseph got?

 

[nyknick]

Lol

happy as fukk right now

 

[RAX 010]

 

[G.O.A.T Squad Spokesman]

Rich Paul should inspire y'all. Not much to hate about the man unless he hurt your team.

 

[Bryan Danielson]

Coli is pathetic. Agents literally get fired constantly. And these aren’t two big name players. But this thread is doing numbers based around LeBron and Rich Paul bashing. Sad and incredible.

I hope they make this thread when white agents get fired