quickman Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(southsider2k5 @ Jan 11, 2005 -> 04:01 PM) Someone posted it last night, and I guess it got traced back to Rashid, who is infamous for making up BS trades. They moved it off of the site, but I am going to leave this up for all to see. Who is this rashid guy? is this the same dude that knows beastly? Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(southsider2k5 @ Jan 11, 2005 -> 11:14 AM) And therein lies the problem. If you want to be technical about it, Beltran would have brought home more money in Texas, which has no state income tax, vs NY state. But since Borass can sell his secondary clients higher based on the per annum that Beltran got, this is a better deal for Borass, and guess where Beltran ended up. And that is dispite his love of Houston, his objections for NYC, and more money in Houston. Actually states have been very good at taxing out of towners as well. Not a big difference. The 'Jock Tax' May Soon Hit More High-Paid Professionals The Wall Street Journal February 13, 2003 By Terri Cullen On Sunday, pro basketball paid tribute to Michael Jordan, who took a ceremonial final bow in the 2003 All-Star game. So I thought it would be a fitting moment to look back on the retiring hoop legend's lasting legacy to basketball and professional sports in general. I'm speaking, of course, of the "jock tax." Shortly after Mr. Jordan's stellar performance with the Chicago Bulls against the Los Angeles Lakers in the 1991 National Basketball Association championship, California started aggressively enforcing an existing law that required non-residents to pay state income tax on income earned while in the state. The biggest targets of this enforcement have been highly compensated professional athletes and entertainers who aren't California residents -- after all, revenue-department officials can see when Mr. Jordan or Jon Bon Jovi was in town just by looking in the newspaper. Over the last decade, 20 states -- most of them home to professional sporting and major entertainment venues -- have adopted similar jock taxes, according to the Tax Foundation, a nonpartisan tax-education and research group based in Washington, D.C. (See a map highlighting U.S. states which currently impose a jock tax, as well as the rate of tax charged.) In fact, the jock tax has proven so successful at generating revenue that tax-policy experts say there's a growing temptation for cash-strapped states to expand the list of professions subject to it -- including high-paid executives, doctors, attorneys, architects, or professional contractors. Link Quote Link to comment Share on other sites More sharing options...
YASNY Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(knightni @ Jan 11, 2005 -> 11:19 AM) Who is Steve Boras? What? Do I have his name wrong? Whatever. Beltran's agent. Whatever his name is. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Texsox @ Jan 11, 2005 -> 11:21 AM) Actually states have been very good at taxing out of towners as well. Not a big difference. Link So he buys a condo downtown for less than he would pay in a month of taxes... There are easy ways around that stuff, esecially if you have a 7 year deal to play there... Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(YASNY @ Jan 11, 2005 -> 11:22 AM) What? Do I have his name wrong? Whatever. Beltran's agent. Whatever his name is. Scott Boras or Scot Bor*ass as the mood dictates Quote Link to comment Share on other sites More sharing options...
YASNY Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Texsox @ Jan 11, 2005 -> 11:23 AM) Scott Boras or Scot Bor*ass as the mood dictates OK ... Thanks. I'm more in tune to players than agents. Call it a weakness on my part. Quote Link to comment Share on other sites More sharing options...
AstralSox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Texsox @ Jan 11, 2005 -> 11:55 AM) Seriously, if you were a superstar player, wouldn't you want Boras negotiating your contract? Say what you will about him, he gets some deals for his players. If you got the bucks, step into his showroom. Who has represented more Hall of Fame bound clients? Hell no, I'm not a greedy sonofab****. Boras = Evil He's almost single-handedly killing the game. (I know you weren't exactly talking tome, but still) Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(southsider2k5 @ Jan 11, 2005 -> 11:23 AM) So he buys a condo downtown for less than he would pay in a month of taxes... There are easy ways around that stuff, esecially if you have a 7 year deal to play there... Cost of living could be a factor. But seriously when you are signing a $10million contract you can live anywhere. There are some quality of live issues that could move NY up or down depending on the individual. NY is a World Class City, one of the largest and most influential in the world. Some people enjoy that, others do not. Lennon choose to live in New York, not London, Sri Lanka, or Dallas. I never have cared to live in NYC, I prefer a smaller place. Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(YASNY @ Jan 11, 2005 -> 11:24 AM) OK ... Thanks. I'm more in tune to players than agents. Call it a weakness on my part. November to March, he is THE player in baseball. Quote Link to comment Share on other sites More sharing options...
YASNY Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Texsox @ Jan 11, 2005 -> 11:28 AM) November to March, he is THE player in baseball. Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(AstralSox @ Jan 11, 2005 -> 11:24 AM) Hell no, I'm not a greedy sonofab****. Boras = Evil He's almost single-handedly killing the game. (I know you weren't exactly talking tome, but still) For most players it isn't greed; it's respect and competing against their peers. If Alan, Bob, and Chuck all signed for $1,000,000 then they want a million. If they all signed for $5,000,000, that's the target. Imagine if your salary was written about, placed in a chart, and you could be the 79th highest paid player or walk onto the field as the #1 highest paid player? These guys are competitors. If you are around any, they will compete at anything. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Texsox @ Jan 11, 2005 -> 11:27 AM) Cost of living could be a factor. But seriously when you are signing a $10million contract you can live anywhere. There are some quality of live issues that could move NY up or down depending on the individual. NY is a World Class City, one of the largest and most influential in the world. Some people enjoy that, others do not. Lennon choose to live in New York, not London, Sri Lanka, or Dallas. I never have cared to live in NYC, I prefer a smaller place. I am just talking about evading state taxes in TX. Beltran is going to make about $17 million a year which means in NY state he will pay $680,000 a year in just NY state income tax. That isn't counting the higher sales taxes, and if NYC has anykind of income tax, which I am sure they do. I haven't even gotten into cost of living, insurance, commute times, etc. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 11, 2005 Share Posted January 11, 2005 Personally, I would not want Boras, as my agent. Unless you are his top star on the market that off-season, expect that your needs and your contract will be put on hold. Look at the Maggilio situation, Maggs and Beltran both had Boras, and Both were probably going to get offers from the same teams. Perhaps the Mets would of given Maggs 100 mil, and Beltran would of gotten his 100 mil from the Astros. Instead Boras choses to make the big splash with Beltran, and now Maggs' is left with no contract and hoping that some one will take a chance on him. But will Boras let Maggs sign a 1 year, injury deal, or will he give him "advice" like he has done to his draft picks that he should sit this season out if an offer does not meet Boras's expectations. Just seems like a conflict of interest. Ss2k5, Cost of living is also extreme in NY. At one point I saw a webpage that said it was about 3x, as in you needed to make 3x the amount in NY to live a comparable life in Chicago. That figure should be multiplied higher for NY. But that type of stuff doesnt concern agent's, who Im sure get their percentage taken out before taxes. Atleast thats what I would do, otherwise you would get taxed 2 times, 1 for players salary, and 1 for your salary. SB Quote Link to comment Share on other sites More sharing options...
YASNY Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Soxbadger @ Jan 11, 2005 -> 11:40 AM) Personally, I would not want Boras, as my agent. Unless you are his top star on the market that off-season, expect that your needs and your contract will be put on hold. Look at the Maggilio situation, Maggs and Beltran both had Boras, and Both were probably going to get offers from the same teams. Perhaps the Mets would of given Maggs 100 mil, and Beltran would of gotten his 100 mil from the Astros. Instead Boras choses to make the big splash with Beltran, and now Maggs' is left with no contract and hoping that some one will take a chance on him. But will Boras let Maggs sign a 1 year, injury deal, or will he give him "advice" like he has done to his draft picks that he should sit this season out if an offer does not meet Boras's expectations. Just seems like a conflict of interest. SB No conflict of interest. It's all in Boras' interest. Quote Link to comment Share on other sites More sharing options...
qwerty Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(quickman @ Jan 11, 2005 -> 11:21 AM) Who is this rashid guy? is this the same dude that knows beastly? 99% sure it is. Quote Link to comment Share on other sites More sharing options...
Soxbadger Posted January 11, 2005 Share Posted January 11, 2005 I meant for the client. Also that was supposed to say, figure should be higher for Houston, as cost of living there is less than Chicago and NY. SB Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(southsider2k5 @ Jan 11, 2005 -> 11:38 AM) I am just talking about evading state taxes in TX. Beltran is going to make about $17 million a year which means in NY state he will pay $680,000 a year in just NY state income tax. That isn't counting the higher sales taxes, and if NYC has anykind of income tax, which I am sure they do. I haven't even gotten into cost of living, insurance, commute times, etc. Cut that at least in half for away games where he will pay taxes in those states. Federal statute prevents states from taxing you twice for the same earning. Even looking at the full number, and not taking into account other taxes or promotional opportunities, a Texas team offering $16,320,000 would be equal. Taxes are important. Players have mentioned that as one reason they didn't want to play in Canada. Some people are willing to pay top dollar to live in a first class city. Some prefer city lofts, some country estates. Quote Link to comment Share on other sites More sharing options...
YASNY Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Soxbadger @ Jan 11, 2005 -> 11:45 AM) I meant for the client. Also that was supposed to say, figure should be higher for Houston, as cost of living there is less than Chicago and NY. SB I'm sorry. I know what you meant. I was just trying to make a point. Quote Link to comment Share on other sites More sharing options...
Gene Honda Civic Posted January 11, 2005 Share Posted January 11, 2005 Seriously, this kid needs to be beaten. Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 Every agent has that same situation. So people would want an agent to negotiate smaller contracts for them and convince them to take less money and play in Dallas because the taxes are lower. I want a guy who can get me the best deal possible, taking all factors into consideration. Where I live is important to me. I would prefer a place year round, not two homes for season and non season. I think Boras takes the heat for his clients a lot of the time. And I would want my agent to do that for me. Kind of a good guy - asshole deal. Would you also want a player who also settles for less on the field? Quote Link to comment Share on other sites More sharing options...
YASNY Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Texsox @ Jan 11, 2005 -> 11:54 AM) Every agent has that same situation. So people would want an agent to negotiate smaller contracts for them and convince them to take less money and play in Dallas because the taxes are lower. I want a guy who can get me the best deal possible, taking all factors into consideration. Where I live is important to me. I would prefer a place year round, not two homes for season and non season. I think Boras takes the heat for his clients a lot of the time. And I would want my agent to do that for me. Kind of a good guy - asshole deal. Would you also want a player who also settles for less on the field? Hmmmm ... let's look at it this way. I live in western KY. If I made $50K here, there is no way I'd accept $60K to move to Chicago. It would cost me in the long run. Quote Link to comment Share on other sites More sharing options...
quickman Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Gene Honda Civic @ Jan 11, 2005 -> 05:47 PM) Seriously, this kid needs to be beaten. Agreed, this guy is a piece of s***. He is not a member of this board correct? Quote Link to comment Share on other sites More sharing options...
Gene Honda Civic Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(quickman @ Jan 11, 2005 -> 12:11 PM) Agreed, this guy is a piece of s***. He is not a member of this board correct? I believe he's been banned -- Wore out his welcome after just a handful of posts Quote Link to comment Share on other sites More sharing options...
Texsox Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(YASNY @ Jan 11, 2005 -> 11:58 AM) Hmmmm ... let's look at it this way. I live in western KY. If I made $50K here, there is no way I'd accept $60K to move to Chicago. It would cost me in the long run. And there are some city residents that would not take a $100,000 increase to move to Western Kentucky, they don't like rural. They would take less to live in a high cost area. I am totally lost in what we are discussing BTW, I love Kentucky and would move there in a minute after my kids finish school. Quote Link to comment Share on other sites More sharing options...
southsider2k5 Posted January 11, 2005 Share Posted January 11, 2005 QUOTE(Gene Honda Civic @ Jan 11, 2005 -> 12:12 PM) I believe he's been banned -- Wore out his welcome after just a handful of posts Exactly right. Quote Link to comment Share on other sites More sharing options...
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