sisibilio wrote:Mirotic12 wrote:
And Barca just signed Willy Hernangomez to a salary that is equal to $10 million a season in the NBA.
That's not true.
€4.3 million euros net = $4.828 million US dollars net.
Out of for example, a $10 million NBA gross deal, the player loses federal taxes, state taxes (even if they play in a state with no state tax, NBA players still pay the taxes on road games), and local taxes. Plus, that gross $10 million NBA salary loses the NBA retirement fund fees, the player union fees, and the agent fees.
All in all, said by agencies to be about 60% of gross NBA contract comes off for the players in US states without a state tax (like Texas and Florida), and about 63% comes off a gross NBA contract for the players that play in states with the state tax.
Let's just take the smaller figure of 60%. So that leaves $4 million US dollars net income left out of a gross $10 million NBA deal. While in Barca, he would make $4.828 million US net income. So actually, that contract is worth a lot more than a $10 million NBA gross deal.
It's more like $12 million gross in the NBA. $12 million minus 60% = $4.8 million
So yeah, actually that net income amount is the equivalent of about $12 million a season gross in the NBA.