Life in Miami is good. Warm weather all year around. Great beaches. Amazing clubs. Fantastic restaurants. Beautiful people. LeBron James has to be enticed by all that.
Plus he would make more money in Miami.
Yes, Cleveland can pay him more, for the first five years of the contract that comes to about $4 million more. But once you figure in state taxes, as Darren Rovell did at CNBC, Florida comes out on top because it doesn’t have any.
Playing in Cleveland, LeBron would face a state income tax of 5.925 percent, plus a Cleveland city tax of two percent.
Over the first five years of a new contract with Cleveland, James would give back $3,953,060 combined to the state and city for the 41 games each season he’d play at home. But James would have to pay none of that for home games in Miami since Florida doesn’t have an income tax.
Athletes have to pay income taxes to states that they play in on the road, so the games he’ll play away from home — whether he played for Cleveland or Miami — are essentially a wash. But there are, on average, 11 away games per season where James would have to pay Ohio and Cleveland taxes. Why? Because he has to pay when he plays in the six areas – Florida, Texas, Washington D.C., Illinois, Toronto and Tennessee – that have no jock taxes.
That’s another $1,061,128 he’ll have to pay in taxes that he wouldn’t have to pay in Miami.
That is about $5 million saved in state taxes the first five years, which is more than the $4 million more Cleveland can pay.
This ignores the sixth year, however. Cleveland, as the home team, can offer that sixth year and Miami can’t, and that one year would be more than $23 million. Factor that in and the numbers change.
But for the first five years of the deal, Miami gives you more take-home pay after taxes. Plus, beautiful people and beaches.
Magic Johnson left the Los Angeles Lakers under inauspicious terms. Turn the last game of the season, the Lakers great announced that he would be resigning his position effective immediately. In an extended hallway interview, Johnson said that he hadn’t even informed close friend and Lakers owner Jeanie Buss.
Now Magic is back to his old tricks, flashing his pearly white smile on television and tweeting banal observations about the NBA.
Johnson was supposed to be part of the team that got New Orleans Pelicans big man Anthony Davis to Staples Center. He couldn’t get the deal done, and things reportedly got testy between the two organizations during the regular season.
The Lakers were able to finally trade for Davis in an agreed-upon deal on Saturday. The trade reportedly won’t be completed until July 6th, but all indications are that Davis will be a Laker.
To that end, Johnson is apparently quite happy. He took to social media to congratulate Buss and the organization on Saturday. Eventually — surprisingly — he even gave props to Rob Pelinka.
The Pelicans got a great haul for Davis, and the Lakers got what they wanted in another star to pair with LeBron James.
It’s unclear if Los Angeles will be able to build a roster around their two stars enough to contend deep into the Western Conference playoffs. That’s still up for debate, and health will be a serious question as they try to rely on an aging James and a shaky Davis.
Still, the Lakers are headed in the direction they would like and with the West now more in question than ever. We don’t know what’s happening with the Golden State Warriors, and the Houston Rockets could be in full teardown mode as they look to ditch Chris Paul.
We’re headed into the summer and there’s a bit of daylight for fans in L.A.
Anthony Davis is headed to the Los Angeles Lakers. The New Orleans Pelicans got a significant haul in exchange for their beleaguered star, and LeBron James is openly happy his team finally got the player they wanted all along.
Other favorites to land Anthony Davis this offseason were the Boston Celtics and the New York Knicks. Danny Ainge had to wait until after July 1 to make a trade for Davis thanks to some special CBA rules regarding Kyrie Irving‘s contract.
But that no longer appears to be on the table, in part because Boston decided not to offer Jayson Tatum in any deal for Davis. Thought to be the crown jewel of any potential Celtics-Pelicans trade, there was also concern by Ainge that Davis would not re-sign in Beantown.
This runs contrary to everything we’ve heard about Boston going after Davis. Ainge has always been one to leverage his assets in a way that’s less conservative than other team execs. Plus, the reports have been that the Celtics were not concerned about Davis re-signing. Perhaps Davis gave them a little extra information, telling them directly that he would not re-sign? Davis’ agent Rich Paul said as much publicly, but what’s posturing and what’s negotiating isn’t one in the same.
According to ESPN’s Adrian Wojnarowski, the Pelicans and Lakers will complete the deal on July 6. There’s a lot of time before we hit that date, and Pelicans leader David Griffin won’t back out of his deal with L.A. But the fact there’s still time on the table and the Celtics didn’t change their tune on Tatum tells us all the information we need to know.
The Anthony Davis trade saga is finally over. The deal between the New Orleans Pelicans and Los Angeles Lakers hasn’t been completed yet, and is expected to be done on July 6.
For now, L.A. can move its attention elsewhere to look for another star. The Lakers will have significant cap space — $23.7 million, according to Adrian Wojnarowski and Bobby Marks — and they’ll need another star.
Talk recently has been that former LeBron James running mate Kyrie Irving is headed to the Brooklyn Nets. But no deal is officially in place, and free agency hasn’t started. According to Sam Amick of The Athletic, there are folks in LeBron’s camp who are hopeful that Irving could still join L.A.
Via The Athletic:
Just days before the Davis deal was done, a source close to James indicated some optimism that – Nets noise be darned – Irving was still in play for the Lakers.
Remember, Irving and James had a heart-to-heart talk earlier in the season. They hashed out what happened in Cleveland, with Irving apologizing to James for how he acted as a younger man.
That sparked speculation that Irving could be looking to join LeBron with the Lakers this summer when he had the ability to opt out of his contract with the Boston Celtics.
We haven’t even reached the 2019 NBA draft yet, and already free agency is ramping up and getting crazy. This July is going to be wild, and until the music stops and the butts are in the seats, don’t count anyone as being a sure thing for any team just yet.
Anthony Davis isn’t in Los Angeles yet. In fact the trade between the Los Angeles Lakers and New Orleans Pelicans hasn’t been completed, and reportedly won’t be completed until July 6.
But that doesn’t mean that Lakers fans aren’t already anticipating his arrival.
On Instagram Sunday, Venice muralist Gustavo Zermeño Jr. posted an incredible new rendering of Davis, draped in Forum blue and gold.
Zermeño is the artist who painted one of the LeBron James murals that was defaced in L.A. last summer.
The Lakers did nothing right last season, and are a train wreck of an organization. Despite that, they have landed one of the best players in the NBA and if he can stay healthy they should be able to find their way back to the playoffs next season. There’s lots of work to do on this Lakers roster, and as much as people want to jump to conclusions, it’ll take some filling out before they’re contenders.
Davis is a step in the right direction, but this whole thing could go in the direction of “Now This Is Going To Be Fun” very quickly.
Never put it past Lakers fans to go all in. Less than 24 hours from the announcement of the trade and we already have a mural of Davis.