Jan 30, 2014, 1:13 PM EST
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.
- Chris Sale will be sidelined for three weeks with foot fracture 10
- Aramis Ramirez says 2015 will be his last year 31
- Francisco Rodriguez re-signs with the Brewers 9
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended 290
- Pirates open to massive extension for Andrew McCutchen 18
- Report: Josh Hamilton had a relapse this offseason that “involved at least cocaine” 86
- Yankees don’t plan on having to pay A-Rod’s $30 million in home run milestone bonuses 51
- If addiction is an illness — and it is — Josh Hamilton shouldn’t be suspended (290)
- Report: The Yankees were “fuming” at how A-Rod handled his early arrival to spring training (114)
- Brian Sabean says that California taxes are a hindrance to the Giants signing free agents (102)