He not above getting clowned. Now if this was some cacs he fukked over then
But he fukked up other nikkaz money
Marcus Morris and Nerlens Noel fire Rich Paul as their agent
- Thread starter ALonelyDad
- Start date
He not above getting clowned. Now if this was some cacs he fukked over then
But he fukked up other nikkaz money
This shyt spooky. I never want to be jealous of someone I don’t know.
We talking Marcus Morris, KCP, & Noel
Who gives a fukk
panopticon
Superstar
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
and it's crazy that they see nothing wrong with it, I don't hate no player that's weirdo shyt to me.This shyt spooky. I never want to be jealous of someone I don’t know.
We talking Marcus Morris, KCP, & Noel
Who gives a fukk
panopticon
Superstar
More like $33.7 million...and that's before the ugly CA income taxes :towelmax:More like he stole about 25 mil outta KCP's pocket and now we getting taxed
nikkas only hate on other nikkas in this fashion. shyt is so pathetic
Isn't there another NBA female agent? I think she's black and works with Lil Wayne
panopticon
Superstar
YepHoldup......so Nerlens turned this down with his old agent because he was leaving him to goto Rich under the assumption that Rich would get him more?
@CHICAGO , so it WAS Rich fault?
Rich Paul sold him a dream he couldn't make good on
Trojan 24
Veteran
Why LeStans so mad? This ain't got shyt to do with him
Disturbed individuals
Disturbed individuals
panopticon
Superstar
Facts.
Turn down playing for the GOAT coach and most influential franchise in sports to win 13 games with the Knicks, brehs.
Trojan 24
Veteran
