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Forums :: Blog World :: Mike Augello: Reflections On Day One Of Free Agency
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Zezel
Toronto Maple Leafs
Location: God Leafs Satan The Oneness, ON
Joined: 02.28.2011

Jul 3 @ 2:08 PM ET
In all this tax talk you graph paper heads forgot to carry the BELEAF
shack67
Toronto Maple Leafs
Location: NS
Joined: 07.05.2015

Jul 3 @ 2:28 PM ET
In all this tax talk you graph paper heads forgot to carry the BELEAF
- Zezel

Another summer and the same guys are talking taxes and contracts while predicting a first round exit.
We have the weirdest fan base in the league.
Rare_Jewel
Toronto Maple Leafs
Location: Toronto, ON
Joined: 05.31.2021

Jul 3 @ 2:30 PM ET
You keeping sucking this guy off as "the answer" to all problems. You know the guy lost his net in back to back playoffs in the AHL? Maybe he can't handle the pressure of playoff competition.

However the asking price is super high and the preds have no reason to sell him now when they can trade him at the deadline or later.

- Aaron_85


He's not the answer yet but if given a chance he could become one. Just the same way the Leafs need a plan B if Woll isn't healthy this year, they also need a future plan B if he continues to get injured year after year.

He's 22 years old. Obviously, he still needs a level of development. Vasilevskiy, Sorokin and Shesterkin weren't Vezina winners yet at 22. But, they're pretty damn good now, aren't they? Askarov is on the same trajectory if not a little ahead having come to play in NA earlier than usual.

Nashville is clearly in "win now" mode and after signing Saros, Askarov isn't part of their long term plans. If the Leafs have to wait for the deadline, so be it, but Askarov should be on their radar and do their best to acquire him before somebody else does.
The Law
Toronto Maple Leafs
Joined: 01.29.2008

Jul 3 @ 2:33 PM ET
Walsh (and his accountants at Octagon) also stated ...

that it would be fairer to have a salary cap that was based on (or some how incorporated) the income tax discrepancies of various states/countries ....ie. a cap based on net income rather than pre-tax salary.

Rare_Jewel
Toronto Maple Leafs
Location: Toronto, ON
Joined: 05.31.2021

Jul 3 @ 2:36 PM ET
Walsh (and his accountants at Octagon) also stated ...

that it would be fairer to have a salary cap that was based on (or some how incorporated) the income tax discrepancies of various states/countries ....ie. a cap based on net income rather than pre-tax salary.

- The Law


Makes perfect sense.

If the point of the cap is to make sure teams are equal in spending, then the money the players take home should be what is used to measure the cap.

It's either that, or, the NHL allows teams to spend 10% (8.8 AAV) over the cap and charges a dollar for dollar luxury tax which it gives to the teams at the bottom of the income list.

It wouldn't be as fair as option A but it's something other sports leagues have done successfully.
Zezel
Toronto Maple Leafs
Location: God Leafs Satan The Oneness, ON
Joined: 02.28.2011

Jul 3 @ 2:42 PM ET
Walsh (and his accountants at Octagon) also stated ...

that it would be fairer to have a salary cap that was based on (or some how incorporated) the income tax discrepancies of various states/countries ....ie. a cap based on net income rather than pre-tax salary.

- The Law


They were talking about this on Overdrive the other day. CBA negotiation isn't too far off...
Zezel
Toronto Maple Leafs
Location: God Leafs Satan The Oneness, ON
Joined: 02.28.2011

Jul 3 @ 2:44 PM ET
Another summer and the same guys are talking taxes and contracts while predicting a first round exit.
We have the weirdest fan base in the league.

- shack67


It's the only way some sick perverts can shoot their goo.
The Law
Toronto Maple Leafs
Joined: 01.29.2008

Jul 3 @ 2:46 PM ET
They were talking about this on Overdrive the other day. CBA negotiation isn't too far off...
- Zezel


Yup and it's going to become a noisier issue the more and more the Cap and salaries go up b/c it's the gap (or potential advantage) is going to widen.

I'm not sure that it'll change bc there are so many variables but its clearly something they all know is an issue.
Aaron_85
Toronto Maple Leafs
Location: Toronto, ON
Joined: 04.22.2014

Jul 3 @ 2:52 PM ET
I think you're confusing accountants with money launderers. Accountants are giving them the best advice possible but income taxes are income taxes.

As MP mentioned ..their are some solutions for US residents that make it better but for Canadian residents it's not so good unless you want to defer most of your income to late in life ...and even then you may just be deferring the potential risks.

- The Law


That's partially true. As you've mentioned it varies from player to player.

Ryan Johansen as an example when in Nashville got to comp extra stuff on the US taxes and no the Canadian taxes, (his outdoor basketball court/tennis court was deemed a health benefit in the US and not in canada for a tax write off about some home gym BS)

He had to pay slightly more for his CDN taxes than his US.

Marner will just wrap up himself in a small business corp. Aslong as he's getting paid from more than one source, (sponsors and not just MLSE) he can just put it all in a corp and pay out so much to himself as dividends per year and pay like 13.5% on his income taxes within the corp...lots of funny business to be had to bring down taxes owed and still be a rich kid.
gravyface
Toronto Maple Leafs
Location: I wouldn't even trade [Marner] for McDavid -- UsernameUnknown
Joined: 02.19.2009

Jul 3 @ 2:56 PM ET
It's the only way some sick perverts can shoot their goo.
- Zezel


where do I sign up?
Aaron_85
Toronto Maple Leafs
Location: Toronto, ON
Joined: 04.22.2014

Jul 3 @ 3:00 PM ET
He's not the answer yet but if given a chance he could become one. Just the same way the Leafs need a plan B if Woll isn't healthy this year, they also need a future plan B if he continues to get injured year after year.

He's 22 years old. Obviously, he still needs a level of development. Vasilevskiy, Sorokin and Shesterkin weren't Vezina winners yet at 22. But, they're pretty damn good now, aren't they? Askarov is on the same trajectory if not a little ahead having come to play in NA earlier than usual.

Nashville is clearly in "win now" mode and after signing Saros, Askarov isn't part of their long term plans. If the Leafs have to wait for the deadline, so be it, but Askarov should be on their radar and do their best to acquire him before somebody else does.

- Rare_Jewel


You want to trade assets for him as if he IS the answer right now so don't back track that you think he "could become the answer". You don't "go hard" trying to acquire a guy unless you already believe he's better than what you have in net.

I checked by the way, the comparisons you made aren't even close. None of those guys went to the playoffs for their teams in the AHL because they dominated so hard. Askarov has had good regular seasons but hasn't really developed in the playoffs yet.

With all that said, I like the idea of acquiring him but not for the amount of assets you would send or that Nashville want. They have full control for the next few years and he's a good insurance product for Saros for the time being.
Canada Cup
Toronto Maple Leafs
Location: Not here to sell jerseys , ON
Joined: 07.06.2007

Jul 3 @ 3:01 PM ET
Makes perfect sense.

If the point of the cap is to make sure teams are equal in spending, then the money the players take home should be what is used to measure the cap.

It's either that, or, the NHL allows teams to spend 10% (8.8 AAV) over the cap and charges a dollar for dollar luxury tax which it gives to the teams at the bottom of the income list.

It wouldn't be as fair as option A but it's something other sports leagues have done successfully.

- Rare_Jewel

The point of the cap is to make more money for the owners
Aaron_85
Toronto Maple Leafs
Location: Toronto, ON
Joined: 04.22.2014

Jul 3 @ 3:02 PM ET
Yup and it's going to become a noisier issue the more and more the Cap and salaries go up b/c it's the gap (or potential advantage) is going to widen.

I'm not sure that it'll change bc there are so many variables but its clearly something they all know is an issue.

- The Law


I 100% think it'll be a bigger issue just being in Canada like the Raptors in the NBA with our weather in some places. Winnipeg/Ottawa come to mind. I mean I think players would enjoy Toronto/Montreal even when losing because the city does offer a lot but if your team sucks, it'll suck to be in the peg.
Aaron_85
Toronto Maple Leafs
Location: Toronto, ON
Joined: 04.22.2014

Jul 3 @ 3:02 PM ET
Walsh (and his accountants at Octagon) also stated ...

that it would be fairer to have a salary cap that was based on (or some how incorporated) the income tax discrepancies of various states/countries ....ie. a cap based on net income rather than pre-tax salary.

- The Law


I am all for it.

Don't know if Bettman cares though if guys like Reinhart are choosing florida.
drexel
Toronto Maple Leafs
Location: Name the Traitors!, AB
Joined: 06.29.2006

Jul 3 @ 3:03 PM ET
The point of the cap is to make more money for the owners
- Canada Cup

oh the humanity!
Zezel
Toronto Maple Leafs
Location: God Leafs Satan The Oneness, ON
Joined: 02.28.2011

Jul 3 @ 3:03 PM ET
where do I sign up?
- gravyface



Scabeh
Montreal Canadiens
Location: The Slovakian Jagr, QC
Joined: 02.25.2007

Jul 3 @ 3:03 PM ET
I am all for it.

Don't know if Bettman cares though if guys like Reinhart are choosing florida.

- Aaron_85


I think he does care.

He cares that players like him keep going to these market that crash and burn when they don't win.
Azuredoom
Toronto Maple Leafs
Joined: 01.14.2019

Jul 3 @ 3:06 PM ET
Agree with everything here except the goaltending.

Remember how badly I wanted Hellebuyck last year? See what he did this year? If the Leafs had that type of goaltending this year, they could have beat Boston and given Florida a run for their money.

I think Stolarz was a big mistake in terms of his proven ability to be an insurance policy. Murray is a great plan C with no risk.

I think the Leafs really need to take a swing at Askarov. The Leafs need a back-up plan for Woll this season as well as for the future and Askarov could be capable of doing both for a limited cap hit.

- Rare_Jewel



Askarov is a prospect.. I agree they should get him because of the upside but he is less proven than Woll. But he is even in the same class as a Hellybuck or Saros

Stolarz is a low cost backup that has good underlying numbers.
The Law
Toronto Maple Leafs
Joined: 01.29.2008

Jul 3 @ 3:07 PM ET
That's partially true. As you've mentioned it varies from player to player.

Ryan Johansen as an example when in Nashville got to comp extra stuff on the US taxes and no the Canadian taxes, (his outdoor basketball court/tennis court was deemed a health benefit in the US and not in canada for a tax write off about some home gym BS)

He had to pay slightly more for his CDN taxes than his US.

Marner will just wrap up himself in a small business corp. Aslong as he's getting paid from more than one source, (sponsors and not just MLSE) he can just put it all in a corp and pay out so much to himself as dividends per year and pay like 13.5% on his income taxes within the corp...lots of funny business to be had to bring down taxes owed and still be a rich kid.

- Aaron_85


Players get paid personally (bonus and NHL salary) ..it cannot be to PC or any entity other than them personally.

They can run endorsements and side poop through a PC but that's different than what we were originally talking about.


Rare_Jewel
Toronto Maple Leafs
Location: Toronto, ON
Joined: 05.31.2021

Jul 3 @ 3:12 PM ET
You want to trade assets for him as if he IS the answer right now so don't back track that you think he "could become the answer". You don't "go hard" trying to acquire a guy unless you already believe he's better than what you have in net.
- Aaron_85


In terms of potential, he's got a higher ceiling than anybody in the system, including Woll (Woll loses some points for being so injury prone). Definitely better than Stolarz too in terms of skills. So, yes, he could be the answer right now based on his talent and skills. He's been compared to Carey Price and at the same age, Price was playing 40/50 games with very good numbers.

But he's also an unknown because he doesn't have much NHL experience. Which is why it's perfect if he split the net with Woll so they could both split 40 games each and we see where they stand right now.

In camp, the Leafs would carry 4 goalies. Woll, Askarov, Stolarz and Murray. And the combined cap hit would be the exact same because 2 of them would be in the NHL and the other 2 would be in the AHL. If any injury happens, somebody gets called up and the team presses forward. Leafs would be essentially carrying 2 high end prospects and 2 veterans as their back-ups.

I checked by the way, the comparisons you made aren't even close. None of those guys went to the playoffs for their teams in the AHL because they dominated so hard. Askarov has had good regular seasons but hasn't really developed in the playoffs yet.


Sorokin played in the KHL until he was 25. Shesterkin was in the KHL until he was 24. Like I said, Askarov is already playing in NA which usually takes the Russian goalies a lot longer to take the jump. Vasilevskiy spent a little time in the AHL at 21/22. Then two years as a back-up where he played less than 30 games. That's where Askarov could fall right now splitting the net with Woll. But the first two were older when they came over and were given 12-35 NHL games right off the bat. Then 50+ after they proved themselves.

With all that said, I like the idea of acquiring him but not for the amount of assets you would send or that Nashville want. They have full control for the next few years and he's a good insurance product for Saros for the time being.


They signed Wedgewood for 2 years. There is no long term back-up plan for a goalie they signed to an 8 year deal at 7.75 AAV. They're all in on Saros. Askarov is just waiting to be moved at this point. Expensive, yes, but worth the calculated risk.
Rare_Jewel
Toronto Maple Leafs
Location: Toronto, ON
Joined: 05.31.2021

Jul 3 @ 3:13 PM ET
The point of the cap is to make more money for the owners
- Canada Cup


Absolutely but the owners, on top of the money they enjoy, also want teams to have parity for competition purposes which again, they believe, yields more money. If they want more parity, they'd want to adjust the cap system.
The Law
Toronto Maple Leafs
Joined: 01.29.2008

Jul 3 @ 3:13 PM ET
Last tax "wtf" tidbit for you ...

Wonder why Kawhi didn't re-sign in Toronto? There were a few reasons but he would have been subject to 68% income tax if he were to re-sign with the Raptors b/c of Canadian tax plus California state tax (no foreign tax reduction in Cali) and no RCA's allowed pursuant to the NBA's CBA.

Tax poop ...

jribout
Season Ticket Holder
Toronto Maple Leafs
Location: ON
Joined: 01.24.2011

Jul 3 @ 3:41 PM ET
Last tax "wtf" tidbit for you ...

Wonder why Kawhi didn't re-sign in Toronto? There were a few reasons but he would have been subject to 68% income tax if he were to re-sign with the Raptors b/c of Canadian tax plus California state tax (no foreign tax reduction in Cali) and no RCA's allowed pursuant to the NBA's CBA.

Tax poop ...

- The Law


He signed with a California team. What were the taxes there?
Rare_Jewel
Toronto Maple Leafs
Location: Toronto, ON
Joined: 05.31.2021

Jul 3 @ 3:42 PM ET
He signed with a California team. What were the taxes there?
- jribout


As bad as his knees.
drexel
Toronto Maple Leafs
Location: Name the Traitors!, AB
Joined: 06.29.2006

Jul 3 @ 3:47 PM ET
As bad as his knees.
- Rare_Jewel

as bad as his caresi
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