Athlete's $32 Million Contract Dilemma: Climate vs Taxes

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Transcript

00:00I have people on X coming at me.

00:02Well, how come the people in the NBA and the NFL don't care?

00:05Because they're not signing the biggest deal of their life for $32 million only.

00:10Think about it.

00:11If you're making $32 million, that's your last contract.

00:14This will be his last contract.

00:15Dude's going to be like 43 when it's all said and done.

00:17Right?

00:18He probably won't even last that long, and the Panthers just figure whatever.

00:20It's not a lot of money, so we'll worry about it down the road.

00:23But if you're getting like $32 million, would you want to say,

00:27okay, I could play here, I could play in Boston,

00:31but I'm going to make $6 million more to play on this better team in warm weather,

00:36and I'll keep the $6 million instead of losing it.

00:41All right, let's do the math.

00:42Add it up for another player.

00:44So Sam Bennett just got $8 million per for like eight years,

00:47so let's do the math on that.

00:48If he's saving 20%, let's say, from playing somewhere else,

00:51and that's Boston.

00:53That's not like Toronto or something or Vancouver.

00:56Right?

00:56They're getting hit even more.

00:58With the tax.

00:59So like if you don't think that like it's, if that's relevant,

01:02then, you know, you're either like a billionaire,

01:05and I don't think we have any billionaires tuning into the program,

01:08or you're naive, or, you know, or dumb.

01:11Right?

01:12So there's, you know, there's a couple of possibilities there,

01:14but like people, oh, no, no, the taxes.

01:17No, no, it's overblown, the taxes.

01:19It's overblown.

01:20What's overblown about it?

01:21I just gave it a number.

01:22Brad Marchant just saved $6.4 million by playing with the Panthers.

01:26If he would have done the same deal with the Maple Leafs,

01:29he probably would have given up about $8 million of that instead of the $6.

01:33Right?

01:34Like, add it up.

01:35Like, it's not, like, you don't have to be an economist to figure it out,

01:38but they have an advantage.