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Forums :: Blog World :: Ben Shelley: Is adding Nazem Kadri the right move for the Islanders?
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nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 1:42 PM ET
My guess is he still incorporates a portion of Barry's system but allows for a little more offensive freedom and creativity
- eichiefs9


Gonna take a couple pages out of Weights coaching system
kindlyrick
New York Islanders
Location: Dallas, TX
Joined: 06.21.2007

Aug 5 @ 1:44 PM ET
Huberdeau’s new contract is like JT’s eluding taxes on bonuses if he claims US citizenship which I’m sure he is.

It’s an 8 year $10.5 Million deal. Here’s the contractual breakdown:

2023-24: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2024-25: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2025-26: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2026-27: $10.5 million total ($1 million salary / $9.5 million signing bonus)
2027-28: $10.5 million total ($1 million salary / $9.5 million signing bonus)
2028-29: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2029-30: $10.5 million total ($1 million salary / $9.5 million signing bonus)
2030-31: $10.5 million total ($5.5 million salary / $5 million signing bonus)

That’s $61.5 million in signing bonuses

Taxes don’t matter much.

- nyisles7



Its crazy how they have to be so creative with players signing in Canada. Its such an imbalanced system.
nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 1:51 PM ET
Are the Isles going to sign anyone?
- SRam19



Yes, Chara and Greene on D. Also going to sign Marleau and Dustin Brown out of retirement. All done deals and waiting to announce after we trade Nelson and Dobson for Miller to clear Cap space.
nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 1:53 PM ET
Its crazy how they have to be so creative with players signing in Canada. Its such an imbalanced system.
- kindlyrick



Probably saves him $35 million plus in taxes. I don’t know about you but that would get my attention.
kindlyrick
New York Islanders
Location: Dallas, TX
Joined: 06.21.2007

Aug 5 @ 1:56 PM ET
Probably saves him $35 million plus in taxes. I don’t know about you but that would get my attention.
- nyisles7



100%.....add to that the lockdowns, mandates etc. No thanks. Gotta think Austin Matthews comes back to the states after his contract is up. Would love to hear him tell the organization and its fans that he's earned the right to test free agency lol
nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 2:06 PM ET
100%.....add to that the lockdowns, mandates etc. No thanks. Gotta think Austin Matthews comes back to the states after his contract is up. Would love to hear him tell the organization and its fans that he's earned the right to test free agency lol
- kindlyrick


If he does sign with Toronto it will be a bonus heavy deal just like JT and Huberdeau’s
deals.
kindlyrick
New York Islanders
Location: Dallas, TX
Joined: 06.21.2007

Aug 5 @ 2:09 PM ET
If he does sign with Toronto it will be a bonus heavy deal just like JT and Huberdeau’s
deals.

- nyisles7



Its bonus heavy now.....i wanna say his salary is 600k lol
nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 2:12 PM ET
Its bonus heavy now.....i wanna say his salary is 600k lol
- kindlyrick

eichiefs9
New York Islanders
Location: NY
Joined: 11.03.2008

Aug 5 @ 2:25 PM ET
Its bonus heavy now.....i wanna say his salary is 600k lol
- kindlyrick

It was even more bonus heavy in the beginning. His current base salary is $910k

https://www.capfriendly.com/players/john-tavares

First year of the deal his signing bonus was $15.25M and his base salary was $650k

edit: oh, Matthews...got it. Well pretty much the same

https://www.capfriendly.c...m/players/auston-matthews
niteislander
New York Islanders
Location: NY
Joined: 01.13.2010

Aug 5 @ 2:59 PM ET
It was even more bonus heavy in the beginning. His current base salary is $910k

https://www.capfriendly.com/players/john-tavares

First year of the deal his signing bonus was $15.25M and his base salary was $650k

edit: oh, Matthews...got it. Well pretty much the same

https://www.capfriendly.c...m/players/auston-matthews

- eichiefs9


I find it amusing that no one in Hockey media talks about this Bonus tax rate stuff. It's almost like they know it's an advantage for Canadian teams so they refuse to discuss it...

The Matthews one is a little surprising to me b/c he is American. I was wondering whether he has to pay our tax rates or theirs... or both.
niteislander
New York Islanders
Location: NY
Joined: 01.13.2010

Aug 5 @ 3:00 PM ET
Huberdeau’s new contract is like JT’s eluding taxes on bonuses if he claims US citizenship which I’m sure he is.

It’s an 8 year $10.5 Million deal. Here’s the contractual breakdown:

2023-24: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2024-25: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2025-26: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2026-27: $10.5 million total ($1 million salary / $9.5 million signing bonus)
2027-28: $10.5 million total ($1 million salary / $9.5 million signing bonus)
2028-29: $10.5 million total ($3.5 million salary / $7 million signing bonus)
2029-30: $10.5 million total ($1 million salary / $9.5 million signing bonus)
2030-31: $10.5 million total ($5.5 million salary / $5 million signing bonus)

That’s $61.5 million in signing bonuses

Taxes don’t matter much.

- nyisles7


You will hear how he took less than ...... instead of what he is actually making.
niteislander
New York Islanders
Location: NY
Joined: 01.13.2010

Aug 5 @ 3:03 PM ET
Its crazy how they have to be so creative with players signing in Canada. Its such an imbalanced system.
- kindlyrick


It would be interesting if they ever talk about making the cap number ... "Net after taxes".
kindlyrick
New York Islanders
Location: Dallas, TX
Joined: 06.21.2007

Aug 5 @ 3:08 PM ET
It was even more bonus heavy in the beginning. His current base salary is $910k

https://www.capfriendly.com/players/john-tavares

First year of the deal his signing bonus was $15.25M and his base salary was $650k

edit: oh, Matthews...got it. Well pretty much the same

https://www.capfriendly.c...m/players/auston-matthews

- eichiefs9



Its almost criminal.....but I guess you gotta be that bonus laden to even the playing field.
niteislander
New York Islanders
Location: NY
Joined: 01.13.2010

Aug 5 @ 3:09 PM ET
It was even more bonus heavy in the beginning. His current base salary is $910k

https://www.capfriendly.com/players/john-tavares

First year of the deal his signing bonus was $15.25M and his base salary was $650k

edit: oh, Matthews...got it. Well pretty much the same

https://www.capfriendly.c...m/players/auston-matthews

- eichiefs9


The Forbes article that wrote about Tavares contract had him making more on his signing bonus ($71 mill .. that netted him around $55 mill).. than he would have made on the entire Islander's offer b/c of taxes. He then gets his salary and whatever he makes on the $55 mill he has in the bank via investments or interest. Then add all the commercials and ad $$. It was a no brainer for him.
niteislander
New York Islanders
Location: NY
Joined: 01.13.2010

Aug 5 @ 3:10 PM ET
Its almost criminal.....but I guess you gotta be that bonus laden to even the playing field.
- kindlyrick


It's a very liberal country.. .would be a shame if that was more widely known. lol
kindlyrick
New York Islanders
Location: Dallas, TX
Joined: 06.21.2007

Aug 5 @ 3:12 PM ET
I find it amusing that no one in Hockey media talks about this Bonus tax rate stuff. It's almost like they know it's an advantage for Canadian teams so they refuse to discuss it...

The Matthews one is a little surprising to me b/c he is American. I was wondering whether he has to pay our tax rates or theirs... or both.

- niteislander


I dont think its an advantage for Canadian teams....in fact I think its the opposite. They had to get creative (i.e frontloading) in order to be competitive. Look at Gaudreau, and Tkatchuk.....they got outta Canada as soon as they could. Given the option, most NHLers are opting for an American team vs a Canadian. Even with the bonus contracts, you still have a 1-1.30 dollar differential
Cptmjl
New York Islanders
Joined: 11.05.2011

Aug 5 @ 3:13 PM ET
My guess is he still incorporates a portion of Barry's system but allows for a little more offensive freedom and creativity
- eichiefs9

That’s what we’re all thinking but who knows.
Cptmjl
New York Islanders
Joined: 11.05.2011

Aug 5 @ 3:13 PM ET
Are the Isles going to sign anyone?
- SRam19

Your mother.
nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 3:25 PM ET
It would be interesting if they ever talk about making the cap number ... "Net after taxes".
- niteislander



That’s actually and interesting angle

It would make the cap even but the players would still be taxed differently depending on what Country and or State the team is in.
nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 3:27 PM ET
The Forbes article that wrote about Tavares contract had him making more on his signing bonus ($71 mill .. that netted him around $55 mill).. than he would have made on the entire Islander's offer b/c of taxes. He then gets his salary and whatever he makes on the $55 mill he has in the bank via investments or interest. Then add all the commercials and ad $$. It was a no brainer for him.
- niteislander


Here it is.

https://www.forbes.com/si...-on-his-new-contract/amp/
Isleshockeyman
New York Islanders
Location: Lou is our savior
Joined: 11.05.2014

Aug 5 @ 3:36 PM ET
It would be interesting if they ever talk about making the cap number ... "Net after taxes".
- niteislander



That would be an interesting idea. But lets say a player gets a year deal worth $70m (after taxes) from the Isles. Then after 3 years he gets traded to, say, Vegas. How would that work (tax-wise)? How does that change the cap hit? Would it now be the entire contract including the taxes that were taken out? I like the idea, just not sure how it would work.
Isleshockeyman
New York Islanders
Location: Lou is our savior
Joined: 11.05.2014

Aug 5 @ 3:39 PM ET
That’s actually and interesting angle

It would make the cap even but the players would still be taxed differently depending on what Country and or State the team is in.

- nyisles7


I'm just curious if an American team is able to do a contract similar to a bonus-laden one. Is the entire contract amount taxed? Bonuses taxed or taxed differently?
nyisles7
New York Islanders
Location: Let’s Go Branden, NY
Joined: 01.20.2009

Aug 5 @ 4:02 PM ET
I'm just curious if an American team is able to do a contract similar to a bonus-laden one. Is the entire contract amount taxed? Bonuses taxed or taxed differently?
- Isleshockeyman



I’m not an accountant however if a Canadian gets paid bonuses in the USA they are taxed at 15% as well I believe. However I’m not sure what exemptions they receive on the Canadian tax side and how one claims their true residency. Read the Forbes article I posted the link to. It gets into some of the particulars.

On Nites idea I think it would be a net Cap. So the Amount the player makes net after taxes etc. is the cap hit. If you’re traded to A team with no state income tax then more of you contract would count towards the Cap. However players would still want to sign where their tax liability was lower with all other factors equal. It would actually take away the advantage the non income tax states teams enjoy now. I don’t think the NHLPA would go for it.
SRam19
Vancouver Canucks
Location: Pierre McGuire, next GM of the Sabres
Joined: 02.12.2015

Aug 5 @ 4:30 PM ET
Your mother.
- Cptmjl



Damn, but what about Grandma?
Cptmjl
New York Islanders
Joined: 11.05.2011

Aug 5 @ 4:31 PM ET
Damn, but what about Grandma?
- SRam19

Lameriello would probably be down for dat.
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