Comments on: Players who are passing on contract offers should know the risks

By: CKL

CKL — Thu, 29 Nov 2012 22:14:19 +0000

@ foo,

The reason 60 k is getting put out there is because the pending loss of current tax cuts involve among other things the marriage penalty returning, child credits lowering (as in the amount you can deduct for each dependent child) and payroll tax, employee side going back to 6.2%. That affects all working people.

By: db105

db105 — Thu, 29 Nov 2012 18:54:27 +0000

Funny that most NFL players voted for Obama and the democrats.

By: foofeiter

foofeiter — Thu, 29 Nov 2012 18:38:57 +0000

Where are you getting $60k from? Obama’s been talking about households above $250k. Please provide link that references taxes going up on those making at least $60k.

By: stull60060

stull60060 — Thu, 29 Nov 2012 17:08:18 +0000

Sorry about the last comment. I see now the the $460,000 was the difference in rates after January 1, 2013. Doesn’t the federal government stealing $3.96 million out of $10 million you earned enrage you? What people don’t know is the so called middle class is going to be hit too. By Obama’s and the Democrat’s definition of rich anyone making $60k or more is rich. An ignorant population is the Democrat’s best resource.

By: rajbais

rajbais — Thu, 29 Nov 2012 16:08:57 +0000

I agree, but it’s their agents’ fault for not getting opt-out clauses or shorter lengths for nearby free agency years!!!

If players are only given lengthy years the agents should at least try to get opt-out clauses. It’s not banned (unlike Adderall) and agents like Joel Segal and Tom Condon have gotten guarantees for players if they’re released so let the players do something that’s actually favorable to owners; be free agents without costs.

Nnamdi and Santonio can be free agents, but teams will have to pay them while they’re off Eagles and Jets’ rosters respectively.

MLB and NBA players have this option and many of their players cashed more after opting out. Maybe the NFL players should try the same thing.

By: tcostant

tcostant — Thu, 29 Nov 2012 16:00:17 +0000

Yeah – last year at this time the Giants were offering Mario Manningham $5M a year and he thought he strike it rich as a FA. What happened, $8M over two years as a #3 for the 49ers.

Steven Smith after his great year with the Giants was offer over $35M but he wanted more and endup making $4M last year in Philly and $1.5M this year with the Rams, it looks like he’ll never see anything like that pre-injury offer.

By: upperdecker19

upperdecker19 — Thu, 29 Nov 2012 15:20:08 +0000

As long as the child credit is in tact, Cromartie has no worries

By: godofwine330

godofwine330 — Thu, 29 Nov 2012 15:13:30 +0000

I bet you Cliff Avril is wishing he took the deal that was on the table last August.

By: sportsmeccabi

sportsmeccabi — Thu, 29 Nov 2012 15:11:22 +0000

At least the government is trying to pay its bills.
Don’t worry though, you can just leave it to my generation to pay it off. Everything seems to be our fault anyways.

By: captfoxboro

captfoxboro — Thu, 29 Nov 2012 14:53:58 +0000

49ers 3rd round pick ( 91st overall ) was an awesome selection …
In fact their 2010 was pretty stellar as it also included other important building blocks :
O-Linemen Anthony Davis and Mike Iupati .

PS
For those scratchin’ their heads at Mike’s Dan Folgelberg song reference :
It’s “Same Old Lang Syne” .

By: getyourownname

getyourownname — Thu, 29 Nov 2012 14:53:52 +0000

Too bad most agents have the financial acumen of a drunk hamster. And sadder that too many players rely on such people because they are more knowledgeable than players.

By: cuda1234

cuda1234 — Thu, 29 Nov 2012 14:46:04 +0000

Higher tax rates are only the beginning. There’s the loss of exemptions, the new Obamacare taxes, the expiration of the payroll tax holiday, etc. In spite of what you hear in the media, the tax code really socks it to the rich. And don’t forget about state income taxes. Why do you think so many multi-millionaires live in Isleworth (Orlando)? No state income tax in Florida.

By: ccjcsr

ccjcsr — Thu, 29 Nov 2012 14:44:40 +0000

Players will still want to make it rain regardless of the programs the NFL has in place.

By: thingamajig

thingamajig — Thu, 29 Nov 2012 14:29:44 +0000

Nice to see someone offer financial advise to the NFL players. Think anyone will listen?