NHLPA head Marty Walsh on state income tax advantage: ‘Nothing we can do about it’
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Daily Faceoff
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In a recent discussion, NHL Players' Association Executive Director Marty Walsh highlighted the potential advantages of state income tax for players in the NHL. He expressed concerns that the high tax rates in states like California could deter players from signing with teams like the Los Angeles Kings and the Anaheim Ducks. Walsh emphasized the importance of considering these financial implications when negotiating contracts, as they can significantly affect players' earnings.
Walsh also addressed the challenges players face when moving to cities with higher taxes. He pointed out that during contract negotiations, players often weigh the benefits of joining franchises that may offer tax incentives, such as those in Florida and Texas. This was particularly noted in discussions surrounding players like Steven Stamkos and Auston Matthews, who play in teams located in states with no income tax.
Furthermore, Commissioner Gary Bettman was mentioned in the context of how the league and the union can work together to ensure that players are informed about the financial ramifications of their decisions. Walsh believes transparency in these discussions is crucial for players to make empowered choices.
Ultimately, Walsh's comments serve as a reminder that while passion for the game drives many athletes, the business side of hockey, including tax implications, plays a vital role in the decisions of where to play, impacting franchises across the league. As players navigate their careers, understanding these elements will be essential for their long-term success.
Walsh also addressed the challenges players face when moving to cities with higher taxes. He pointed out that during contract negotiations, players often weigh the benefits of joining franchises that may offer tax incentives, such as those in Florida and Texas. This was particularly noted in discussions surrounding players like Steven Stamkos and Auston Matthews, who play in teams located in states with no income tax.
Furthermore, Commissioner Gary Bettman was mentioned in the context of how the league and the union can work together to ensure that players are informed about the financial ramifications of their decisions. Walsh believes transparency in these discussions is crucial for players to make empowered choices.
Ultimately, Walsh's comments serve as a reminder that while passion for the game drives many athletes, the business side of hockey, including tax implications, plays a vital role in the decisions of where to play, impacting franchises across the league. As players navigate their careers, understanding these elements will be essential for their long-term success.