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6 (theoretical) advantages that the Cowboys have in free agency

Discussion in 'Fan Zone' started by Red Dragon, Jan 15, 2014.

  1. Gadfly22

    Gadfly22 Active Member

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    Bear in mind that NFL players have to pay state income tax in every state (and some cities) in which they play, because they earned their salary there. Play the Giants in NJ, pay NJ income tax for that week's salary. So advantage #1 is somewhat watered down. And any bonus money paid to a FA not already a Texas resident would also be subject to tax by his home state.
  2. xwalker

    xwalker Well-Known Member

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    The Texas Rangers recently signed a free agent that had a higher offer with another team. I don't remember the exact numbers, but Texas paid about 130M and the other team was offering about 140M; however, they said the agent considered the True Value of the Rangers offer to be higher, primarily due to the income tax issue.
  3. foofighters

    foofighters Active Member

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    Meh...If I am a free agent, I am going to want $$$ and place that is going to compete for SB's. Not sure if the circus in Dallas is where I'd want to be.
  4. DBOY3141

    DBOY3141 Well-Known Member

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    This is the biggest factor. If a player is looking for money, Dallas is in consideration. If the player wants to compete for SB's, Dallas has no chance. It's sad and every year we go through this, but reality is, Dallas is not a winning organization anymore.

    But I think today's players are all about money and could care less if they win a SB.
  5. dogberry

    dogberry Well-Known Member

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    Do players have to pay tax on a week's pay when playing in NJ? Or 2/250 of their Cowboys' pay? Or nothing?
  6. Ntegrase96

    Ntegrase96 Well-Known Member

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    Shin-Soo Choo is who I think you're talking about.

    And that's an interesting point because I believe the 140MM offer came from the Yankees. The Rangers are a very well run team, but I don't think that outweighs the Yankees' clout.

    So, yeah... the income tax must have been a big enough deciding factor. Not to mention... cost of living is super low. Honestly, if you can't stomach the heat, it's probably one of the best places to live right now for the every man.
  7. Gadfly22

    Gadfly22 Active Member

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    http://www.forbes.com/sites/kurtbad...-decisions-by-nfl-players-can-save-a-fortune/

    Above is a link to a short article in Forbes about player salaries. Short answer about salaries (I think) is that NFL players get paid 1/17th of their salary every week of the season. Play in NJ one week, and you get taxed on 1/17th of your salary there. But the article also discusses treatment of bonuses, including Romo's situation.
  8. dogberry

    dogberry Well-Known Member

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    At least 12.5 percent more income tax in NY and NYC for a high income type.
  9. xwalker

    xwalker Well-Known Member

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    Yes, Shin-Soo Choo.

    I've always been surprised how many retired athletes and other wealthy people lives here.
  10. Apollo Creed

    Apollo Creed Stackin and Processin, Well

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    Most players in their prime (22-30) grew up during the Dallas dynasty era and tend to be big Cowboy's fans.
  11. dogberry

    dogberry Well-Known Member

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    Gadfly thanks. The 1/17 th seems high since the player is in NJ only 2 days that week. Plus all the other weeks during the year that players are preparing for the season. Disagreeing with logic of the information not you.
  12. Eddie

    Eddie Well-Known Member

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    This is misleading. Players pay income tax in the state they're playing in when they're playing games. So basically, they only save State Income tax when they're playing in Dallas or any state which doesn't have a State Income tax. So they only save when they play in Dallas. Games in NY, Washington, and Philly ... are fully taxed.
  13. Gadfly22

    Gadfly22 Active Member

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    Understood. It seems odd, but it's the same tax logic that subjects a NJ resident who works in NY to NY income tax. Seems more logical when you think about it as a permanent employment that lasts a year -- but it would be the same issue if you worked in NY and quit after a week. NY would still tax that week's pay because it was earned there.
  14. GimmeTheBall!

    GimmeTheBall! Junior College Transfer

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    Yes, those advantages half worked so well in the past.
  15. GimmeTheBall!

    GimmeTheBall! Junior College Transfer

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    LOL
  16. GimmeTheBall!

    GimmeTheBall! Junior College Transfer

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    8. Dairy Queens (While players wait and wait and wait and wait in line they half plenty of time to sign autographs from the comfort is his Escalade party vehicle.
    dogberry likes this.
  17. trickblue

    trickblue Old Testament... Zone Supporter

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    This is true, but it can be countered by our "through the roof" property taxes if they choose to buy a home...
  18. viman96

    viman96 Thread Killer

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    There was a good breakdown on Kobe's recent extension and the true value after taxes.

    Also Florida teams have the same advantage as Texas.
  19. vicjagger

    vicjagger Well-Known Member

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    21) Mexico is just across the river.
  20. SDCowboy85

    SDCowboy85 Well-Known Member

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    This always seemed irrelevant to me. These guys are rich enough that they can have a house in a no income tax state, and thus claim residence there, and play wherever they want.

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