Comments on: Cliff Lee did not leave a ton of money on the table

By: revjbarth

revjbarth — Tue, 14 Dec 2010 20:04:38 +0000

Philly has a city income tax for non-residents but New York does not! Still, Cliff Lee would not be taxed as much as playing in NYC!
The point I am trying to make is: Players and Agents must surely go through the whole process of figuring out salary after taxes and what kind of take-home pay these players will earn. Cliff Lee has a sweet deal, and as a Yankees fan I think the Philly starting rotation is awesome and will be an awesome force next year!

By: The Rabbit

The Rabbit — Tue, 14 Dec 2010 19:36:52 +0000

Both NYC and Philly also have city wage taxes for non-residents.
It’s been a while since I’ve worked in either city/State (and the rules may have changed) but I did not pay PA State income tax. My State income tax was paid to my “home” State of NJ.

By: Craig Calcaterra

Craig Calcaterra — Tue, 14 Dec 2010 19:34:28 +0000

I think a lot of the Texas offer was deferred money.

By: schlom

schlom — Tue, 14 Dec 2010 19:32:42 +0000

Texas doesn’t have state income tax, right? So that was really the best offer then?

By: revjbarth

revjbarth — Tue, 14 Dec 2010 17:04:00 +0000

CLIFF LEE LEFT NO MONEY ON THE TABLE!

This is an incomplete article because it does not consider what Lee will get in take home pay: This is one aspect the article does not point out! Federal Income taxes would be the same if he played in both cities, but not state income taxes: Lee could make $22,000,000 less 8.97% NY income tax or $20,026,600 or go to Philly and make $24,000,000 less 3.07% PA income tax or $23,263,200 – a difference of $3,236,600 to play for the Phillies!

$3,236,600 multiplied by five years = $16,183,000.00!!!

By: Jonny 5

Jonny 5 — Tue, 14 Dec 2010 15:29:34 +0000

If Cliff Lee is worth his contract — and he certainly believes he will be, because that’s how human beings work — he’ll come out ahead for having taken the Philly deal.

And I’m sure that was the line Amaro tossed at him too.

By: lar @ wezen-ball

lar @ wezen-ball — Tue, 14 Dec 2010 15:03:31 +0000

Did you see Jerry Crasnick’s tweets? He says the total possible value of the Yanks deal was $132 mil + $16 mil option ($148mil, like you have above), but the Phils deal is 5 yrs, $120 mil plus either $27.5 mil vesting or $12.5 mil buyout. If that’s true, then he left, what, half a million on the table. That Philly deal is much better.

By: dondbaseball

dondbaseball — Tue, 14 Dec 2010 14:52:43 +0000

don’t you mean a one year $12 million deal in 2015-16 ($132-120)?

By: BC

BC — Tue, 14 Dec 2010 14:48:21 +0000

Achoo.