Trey Burke to the Knicks

Submitted by ChalmersE on October 11th, 2017 at 11:13 AM

Hopefully he gets a chance in NY and has some success.

Comments

Yo_Blue

October 11th, 2017 at 11:25 AM ^

Way to go, Alfonso Clark Burke back together with THJ!  We need the Knicks to pick up Nik, GRIII and maybe Mitch.  Couldn't be any worse than what they have.

NoVaWolverine

October 11th, 2017 at 11:53 AM ^

I was curious about the same thing, and a quick Google search reveals this Chicago Trib piece from April:

http://www.chicagotribune.com/suburbs/post-tribune/sports/ct-ptb-bowling-notes-st-0414-20170413-story.html

Mitch McGary is now competing in ...  bowling leagues back in Indiana. I kid you not. But he says he's not trying to become a pro bowler, and plans to return to "the NBA or overseas." It's too bad Mitch couldn't stay off the chronic...

It still surprises me that of that group of 5 starters from the 2013 team, THJ looks like he'll end up the best pro (though I suppose GRIII still has time to blossom). I figured Stauskas would at least make himself a useful Kyle Korver/Redick-style gunner, Trey would be a passable PG, and Mitch would be a versatile big on a team that knew how to use his passing skills and high motor... shows how much I know.

DCGrad

October 11th, 2017 at 11:38 AM ^

I'd play in FL no  contest. Good weather, low COL and no state income tax. I'd never want to play in NY or CA. I think Curry only kept 45% of his salary last season.

Stevedez

October 11th, 2017 at 12:40 PM ^

Pretty sure the taxes are not paid by the team for stars as this would be a taxable benefit-in-kind.

The tax laws are the same for any mobile employee. I have had VPs at companies end up with 6+ state returns because they would do business trips and their base salary prorated over their total workdays for the year would make them taxable in those states for only a few days of work.

The average American doesn't really need to worry about this... but a pro sports player isn't your average American.

BursleysFinest

October 11th, 2017 at 12:53 PM ^

I remember an article from a few months (maybe years) ago, that detailed how complicated athlete taxes are since the they have to file in every state in which they played over the season, and the rules for howe to divide their income into those chunks is different in every state.... but for a trade-off of a multi-million dollar salary, I'll take it!! 

MI Expat NY

October 11th, 2017 at 12:19 PM ^

That gets mitigated somewhat by the "jock taxes" enacted by pretty much every state.  Also, players go to those big, high cost markets, for added endorsement dollars.  

I think the whole "no state income tax" issue generally becomes a small potatoes thing for team sport athletes.  State and local income taxes are not why Curry takes home 44% of his salary.  That state tax bill is certainly not nothing, but it doesn't really change his life.  

Perkis-Size Me

October 11th, 2017 at 12:58 PM ^

Got to keep only 45% of his yearly salary of roughly $40 million? He could be allowed to keep only 20% of it and I still wouldn't feel bad for him. Not that he's asking me to, but still, he's doing just fine. Just under $20 million going right into his pocket every single year. 

I'm guessing he's getting quite a bit more to add onto that with endorsement deals.