Originally posted by tpaterniti
He should play in Miami. Why?
1.) Four words: NO STATE INCOME TAX - for someone making the cash Lebron will be making, that is huge. It was one big draw for Shaq many years ago and as someone who lives in Florida, I can tell you that getting that extra 3-9% in your pocket and not having to give it to the government is pretty sweet. I can only imagine if I were a millionaire how much sweeter it would be. Consider (35% is what he will pay in Federal income taxes):
43.97% in New York means that of his $17,310,000 contract he will only pocket $9,698,793
38.00% in Chicago means that of his $17,310,000 contract he will only pocket $10,732,200 (~$1 mil more per year than in New York)
35.00% in Miami means that of his $17,310,000 contract he will only pocket $11,251,500 (~$1.7 mil more per year than in New York, ~$0.5 mil more per year than in Chicago)
2.) The Heat can sign three max guys if they want to.
3.) The Heat have a defensive-minded HoF coach (potentially) in Pat Riley. The Bulls have an unproven coach in Thibadeau, the Knicks have Mike D'Antoni, who has yet to realize that defense is actually necessary to win in the playoffs.
4.) Tradition is overrated. He can make his own tradition, and who are we really comparing the Heat to? The Bulls? There vaunted tradition is all of 20 years old and the result of one player. The Knicks have 2 championships in 64 years of existence. The Heat have 1 championship in 23 years of existence. I am not sure what the Knicks keep going on about. They have been really bad for a long time. The Bulls were good during the Jordan years, but really bad before, and really bad after.
i don't remember where I read it, but the tax difference in Miami for a max player is around $500k only. You pay taxes for road games in the respective states.
Also, the heat CANNOT sign 3 max players.
The Heat coach is not Riley.