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.
- Kris Medlen leaves game with right forearm strain 16
- Cardinals sign Cuban middle infielder Aledmys Diaz to a four-year major league contract 48
- Cardinals and Matt Carpenter agree to a six-year, $52 million extension 10
- Jet Blue Park is absolutely incredible 59
- Gary Nolan one of many careers saved by Dr. Frank Jobe 17