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True. But it's important to note that two division rivals---the Rockets and the Mavs---are also located in Texas.
Here's the relevant excerpt from the article I linked above:
"In the tax world, it's no secret that athletes are treated differently from other highly paid workers -- investment bankers and corporate lawyers, for example -- who also work in multiple states. The jock tax, critics say, is poorly targeted, arbitrarily enforced and unrealistically burdensome -- and also completely understandable given the current economic climate.
"No, it's probably not fair," says Ralph Espinosa, a Miami-based CPA who has done tax work for several NFL and major league players. "But they make more money than most of us. Their information is easily accessible online. Most people know their salaries [and] they can go in and see their schedules."
Athletes are taxed based on "duty days" they spend in each state. In baseball, there are approximately 181 "duty days," meaning a player earning $1.81 million would make $10,000 each duty day. Therefore, if that player's team had three games in California, he would be responsible for taxes on $30,000 of income.
At that point, all the tax collectors have left is a math problem to figure out that Ichiro Suzuki, the highest-paid baseball player in Washington, a tax-free state, will have to pay more than $218,000 in California taxes for the 25 games the Mariners will play there this summer.
The salaries and schedules for lawyers, bankers, entertainers and other professionals who might be subject to nonresident taxes aren't as accessible. But that hasn't stopped some states from trying to reel in CEOs and other well-paid executives by auditing corporations for their travel records, tax professionals say.
Touring entertainers such as singers or comedians often have taxes withheld by either the promoter or the venue. But collecting from film crews can be trickier since shooting schedules aren't publicized and are frequently changed and actors aren't on the set every day."
True. But it's important to note that two division rivals---the Rockets and the Mavs---are also located in Texas.
As excited as I am and anxious to hear any news at all, I HAVE to get some sleep because I have little ones that get up early. Sheed has littles ones... that's probably why he's not taking midnight calls.I know... we will not be able to sleep tonight... imagining Sheed on the sideline, smiling, being a great citizen, the HEB and Time Warner ads...
I'm sure you can rest easy...doubt there will be any midnight signings or early morning agreements by any players/teams this year.As excited as I am and anxious to hear any news at all, I HAVE to get some sleep because I have little ones that get up early. Sheed has littles ones... that's probably why he's not taking midnight calls.
Sheed will prob. make everyone wait a few weeks anyway.
I know... we will not be able to sleep tonight... imagining Sheed on the sideline, smiling, being a great citizen, the HEB and Time Warner ads...
Both of my kids played hardAs excited as I am and anxious to hear any news at all, I HAVE to get some sleep because I have little ones that get up early. Sheed has littles ones... that's probably why he's not taking midnight calls.
Hopefully the Spurs' pitch consists of Pop meeting with Wallace and not bull ting him. Let Orlando roll out the Mickey Mouse show.
Pop: "Rasheed, let me be honest with you...we would love to have you here, you would make a big impact for us, and we feel like you could be a great backup to Michael Finley"..
I'm not expecting anything immediately, but this insomnia surely isn't helping me at all.
Hopefully Wallace makes a quick decision. If he picks the Spurs, then the Spurs can move on and figure out how to spend the LLE. If he doesn't pick the Spurs, then they can go on and go to Plan B.
"But Pop, you told me I would have to do only 100 pushups "
Pop: " Shut up and give me another 100 ! "
I think he could make a quick decision. I mean, Wallace knows who's interested and the money they could offer. It should only come down to San Antonio, Boston, Cleveland, and Orlando. After that, I don't think it should be a hard decision. He just has to decide which team gives him the best chance to win NOW, and I think it's either San Antonio or Boston. I hope he chooses San Antonio.
I just called Mr. Wallace. He said, "Get off my lawn!"
Followed by "I'ma be a Spurrrrrrr."
No joke.
We have the best food, the Riverwalk, the best fans... what does he want?? Chowder???
According to Florida Today, Orlando is out of the race..
Magic may not afford big man
BY JOHN DENTON • FLORIDA TODAY • July 1, 2009
Drew Gooden, anyone? Or how about other Magic castoffs from years past such as Juwan Howard or Steven Hunter? Or possibly even Chris Wilcox, Shelden Williams, Joe Smith or Rasho Nesterovic.
Or could Orlando reunite with Tony Battie, traded last week in the Carter deal -- if his contract is bought out by the New Jersey Nets?
In other words, any hopes Magic fans had of seeing a major upgrade at power forward in the form of Rasheed Wallace, Antonio McDyess or Brandon Bass likely are gone because Orlando almost certainly won't have the financial wherewithal to attract such players.
With the July 1 start of the NBA's free-agent courting period hitting at midnight hours earlier, the Magic turned their top priority toward trying to retain backup center Marcin Gortat, a restricted free agent whom they can match any contract offer he receives if they so choose to so. But clearly, finances are tight now with Carter on board.
Orlando has $68 million committed to eight players with $50.2 million of it going to Rashard Lewis ($18.8 million), Carter ($16.3 million) and Dwight Howard
($15.1 million). Adding the required five more bodies to the roster will take the payroll to $75 million, some
$6 million above the projected luxury tax threshold of $69 million. That dollar-for-dollar penalty will take the Magic's salary commitment next season to about $81 million.
The Magic's only chances of landing Wallace or McDyess, it would seem, would have been to offer their entire mid-level exception ($5.5 million), but instead the team will break up the exception and use it to sign multiple players. In a double-whammy of sorts for the Magic, Wallace or McDyess could end up with Eastern Conference rivals Boston or Cleveland.
Being out of the running for Wallace, McDyess and Bass puts added pressure on the Magic to try and retain Gortat, the 6-foot-11 center from Poland who played well behind Howard last season while averaging 3.8 points and 4.5 rebounds. He is a seen as a blossoming talent around the NBA and is expected to attract much interest because of his size and rebounding talents. The Magic would likely match any offer at $4 million a season, but might lose the center if another team offers its full mid-level exception ($5.5 million).
(2 of 2)
"There's no question we still need to get bigger. Even if we're able to re-sign Marcin, we'll still need another big (man)," Magic coach Stan Van Gundy said."The minimum that you want to go into a season with at the (power forward) and (center) spots is five guys and you might even want a sixth."
The Magic were pushed around physically and beaten on the boards by the Los Angeles Lakers, losing the championship round 4-1. The thought was that the Magic need more rebounding and toughness around Dwight Howard. And if the Magic added a starting caliber power forward the team could move Lewis back to his natural position of small forward.
Instead, Lewis will now likely stay at power forward and either Mickael Pietrus or J.J. Re will start alongside of Carter on the wings.
Warning him that the market could be lukewarm this summer with few teams s ing out big contracts, Orlando attempted to keep Turkoglu with a four-year extension onto his current deal. But Turkoglu turned that down, opted out of his Magic contract and started looking to secure a $10 million-a-year contract. Portland, Toronto and Sacramento are the favorites to sign Turkoglu, Orlando's leading scorer in the Finals at 18 points per game.
Van Gundy feels the addition of Carter makes the Magic significantly better because of his ability to create offense on his own. Carter gives the Magic another 20-point scorer and a creative, athletic playmaker who is a better passer than most realize.
And Van Gundy also believes the addition of power forward Ryan Anderson has been overlooked. Anderson, a 6-foot-10 power forward with 3-point range, was included in the Carter trade. Orlando sent Courtney Lee, Battie and Rafer Alston to New Jersey.
Anderson averaged 7.4 points and 4.7 rebounds last season, while hitting 36.5 percent of his 3-pointers.
Van Gundy pointed out that Anderson averaged as many rebounds per minute as Wallace and Battie last season and he made as many 3-pointers per minute played as Wallace at a better percentage.
$
"Anderson is going to be much more of an addition than people think," Van Gundy said. "He's a name that gets totally left out as if he were just a throw-in. The deal was made for Vince (Carter), but people are discounting what we got back in him. People got to know Courtney (Lee) and he played well for us in the playoffs. We certainly lost a good, young player, but we got back a good, young player.This is a guy who is three years younger than Courtney and he fits the way we play very. He's a good player who is a good fit. I'm not trying to make him out to be a star, but he's certainly at Courtney's level. That is sort of lost in the shuffle."
Why the is Orlando spending so much money on Rashard Lewis? Good God.
Because he can make turnaround 3's
Lottery team + supposed best free agent+ desperation= Rashard Lewis's contract.
It was an Isiah Thomas special. They outbid themselves for his services. Didn't they structure a S&T with Seattle to get him more money? Sheesh.
Come on Sheed.
Yes they did.
One of Sam Presti's first orders of business getting that sign and trade.
Got a draft pick or two and can't remember who else for Lewis.
the best cheerleaders tooWe have the best food, the Riverwalk, the best fans... what does he want?? Chowder???
that oughtta do it
Not so sure if this had been posted anywhere:
Rasheed Wallace in Dallas, but was it to talk to Mavs?
Reports indicate Detroit Pistons forward Rasheed Wallace(notes) was in Dallas over the weekend partying at the Ritz, according to Dallasbasketball.com.
However, the web site was not certain the visit to Texas had anything to do with joining the Mavericks.
http://sports.yahoo.com/nba/rumors/p...urn=nba,173723
So what if he was in S.A. for a day or 2 after all? Then flew from S.A to Dallas to party it up some. Hmm.....
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