Jan 30, 2014, 1:13 PM EDT
His baseball shortcomings are reason enough not to sign Vernon Wells, but as Ken Rosenthal pointed out yesterday, not signing him has an added bonus: it could save him a million dollars in taxes.
Wells lives in Texas. If he stays home all summer, the money he is owned by the Angels and Yankees is all taxable in Texas, which has no state income tax. If he signs with anyone but the Rangers, Astros, Marlins, Rays and Mariners — major league cities in states without state income taxes — he’s have to pay the taxman for home earnings. No matter where he’d sign he’d have to pay taxes for earnings made on road games in states with an income tax.
So: do Vernon Wells a solid. Don’t sign him.
- 2015 Preview: Chicago White Sox 10
- Did David Ortiz admit to more than he realized with his Players’ Tribune editorial? 61
- 2015 Preview: Atlanta Braves 12
- David Ortiz: “Nobody in MLB history has been tested for PEDs more than me” 111
- 2015 Preview: Chicago Cubs 14
- Unsigned 2014 No. 1 overall pick Brady Aiken undergoes Tommy John surgery 57
- 2015 Preview: Seattle Mariners 15
- Cardinals add “OT” patch for Oscar Taveras 76
- Ex-Cardinals outfielder Curt Ford was assaulted in St. Louis and told to “go back to Ferguson” (116)
- College baseball player cut after making offensive tweet about Mo’ne Davis (115)
- David Ortiz: “Nobody in MLB history has been tested for PEDs more than me” (111)
- Rob Manfred says it would be hard to reinstate Pete Rose in a limited way (88)