Nnamdi Asomugha Sweepstakes: The Taxman Cometh?
by David Fucillo on Jul 28, 2011 8:39 AM PDT
in NFL Free Agency
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PrintA few minutes ago, Michael Lombardi tweeted that the Houston Texans has moved into the lead in the Nnamdi Asomugha sweepstakes at this point. That was followed by MM tweeting one advantage for Houston is that there is no state income tax in Texas. According to Lombardi, the money will be in the $12M-$14M range. For informational purposes, California's 2011 personal income tax rate on salaries of greater than $1M was 10.3%. One other note was a mention on Twitter that property taxes are much worse in Texas than they are in California. So there's that.
I'm certainly not saying Nnamdi will make his choice based on paying less in income tax. And he could probably set up some shelters to minimize the amount of California taxes he'd pay if he were to sign with the 49ers. I just think it adds one more layer to the discussion. We always talk about how players are looking to play for winners and/or are looking for a good-sized contract with some security.
However, there are issues beyond that including everything from taxes to where your kids are in school to where you have ties. For Nnamdi, he's been in the Bay Area since college and has developed a lot of ties to the community through charity. Maybe that means nothing when it comes to his new contract, maybe it means everything. At this point we haven't heard much of anything from the horse's mouth on this topic so it's all speculation at this point. But there are outside factors that are worth considering in this whole situation.
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I highly doubt this would come into play. Texans may be front runner money wise, but I really don’t believe money is a top priority for Nnamdi. I believe he asked for it in Oakland because he hated it there. If he wants to expand what he does with the united way he’s goin to the east coast, if not, I doubt he goes to Texas. I think the Jets will win.
Nnamdi Asomugha is a class act if there has ever been one. 3 Year 45 million, No Jewels at all, SIGN THE MAN, 16 Mil? So pay him!!
UWBA, can make me the happiest fan of 2011!!!!!
doesn't seem like a Rex Ryan type of guy
He may try to put soap in his mouth
Harbaugh will find a QB and he will succeed.
Tax law 101
State Income Tax is calculated in the state in which you claim residence, not in the state in which the money is earned. This is why so many atheletes live in Florida.
It would actually be beneficial for Nnamdi to sign with the Niners in this instance, because he already spends so much time in the Bay Area. He can purchase an off season home in Texas or Florida if he wishes, spend more time there in the offseason and over a couple of weeks during the year, and claim residency.
by Mertons_merkin on Jul 28, 2011 11:26 AM PDT via mobile up reply actions
TL,DR
Sports writers don’t understand tax law. Agents likely do, this should not be a selling point for Houston.
by Mertons_merkin on Jul 28, 2011 11:28 AM PDT via mobile up reply actions
actually
There are also issues where players have to pay some level of taxes in states where they’ve played games. Sammy Sosa got in trouble over this a few years back when he tried to get out of paying Illinois taxes.
by David Fucillo on Jul 28, 2011 12:04 PM PDT up reply actions
Taxes?
Yikes. This is getting a bit silly. Come on Nnamdi, you are ALREADY IN California.
Repeating something over and over doesn't make it true.
which is why he’d want to leave.
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by nostocksjustbonds on Jul 28, 2011 9:00 AM PDT up reply actions
obviously, the economy for NFL Free agents is different than it is for the rest of us, but a lot people and business are leaving California for other states, including Texas, which has a very good economy right now.
"There was no torture in the end. Only rapture." - Mike Krukow
2010 Giants: World Series Champs
Neal before Zod!
Official Sponsor of the 1997 San Francisco Giants
by nostocksjustbonds on Jul 28, 2011 9:07 AM PDT up reply actions
they are idiots
I’d rather live in my car than anywhere in Texas. Humidity, no thanks.
Harbaugh will find a QB and he will succeed.
air conditioning.
"There was no torture in the end. Only rapture." - Mike Krukow
2010 Giants: World Series Champs
Neal before Zod!
Official Sponsor of the 1997 San Francisco Giants
by nostocksjustbonds on Jul 28, 2011 9:09 AM PDT up reply actions
except for the rich who enslave them in a hopeless subculture
Harbaugh will find a QB and he will succeed.
not counting the rich rednecks
or even the rich pretend rednecks
also
People moving to Texas because their company makes that decision is much different. Also, those people don’t have like 30 mil
Harbaugh will find a QB and he will succeed.
Barrows response was priceless
Anyway, hopefully they stay in the market for Joseph and what’s his face from Carolina.
by whistlingmountain on Jul 28, 2011 8:50 AM PDT reply actions
I really want to know...
How much the 49ers are going to pay him? 14? 15? 17?!
We should be willing
to at least give him 14-16 mil a year. We were going to pay that much to clements anyways.
just a baseless guess
but 6-7 yrs at 13, 30-35 guarantee sticks in my head
I'm feeling...I feel like I want to rage. Right now. - B. Wilson
thats the thing
I don’t think they want to invest that type of money. If they are willing to cut Nate, or re-structure his deal they eouodnt turn around and give that to Nnamdi even if he is the better corner.
12-14 mill is to much for any corner in the league
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by EcERyda69 on Jul 28, 2011 9:08 AM PDT via mobile up reply actions
New York is even higher
I believe it is 12.1%.
Texas at 8%
I really don’t think these millionaires care about $300,000 assuming it is a $15 millions contract.
Well there has got to be something compelling him to the Texans..
"I need a new (guy) for this black cloud to follow, cause while it's over me it's too dark to see tomorrow" -Nas
he's entertaining all offers
what’s the rush? he’s a vet. He has an agent too you know?
Harbaugh will find a QB and he will succeed.
Correction
His agent is entertaining all offers… to drive up the price tag on the teams Nnamdi is actually interested in.
of course he cares, all athlete's care what they're losing to taxes
it’s just a question of how much he cares.
not like he has to live there for 20 years.
by whistlingmountain on Jul 28, 2011 9:05 AM PDT up reply actions
when I say doesn't care
I mean it relative to what he has to consider.
Harbaugh will find a QB and he will succeed.
Trust me it sucks
Tax burden is the highest in the country this year (or last year, not sure how they compile the numbers. Average is 6,751 per capita in state and local taxes
6/10/2010 - Tra Thomas signs with the Chargers
8/21/2010 - Tra Thomas retires.
That was fast.
and California is #6...
"I need a new (guy) for this black cloud to follow, cause while it's over me it's too dark to see tomorrow" -Nas
Why is no one talking about his character in all of this?
I really don’t think a few million will make the difference for him. Maybe the Jetts win for him because they are in the best position to win the super bowl. But if it comes down to SF or Houston he’s coming here.
Harbaugh will find a QB and he will succeed.
Because fans have been burned by "good guys" seeking bigger dollars before.
And nobody knows how he feels about the two coaching staffs, or if he feels that the Texans have a better shot at the Super Bowl than the Niners. Its all speculation at this point. I wouldn’t give the edge to any of the three teams despite what has been reported so far.
Twitter: @Joshuahss
I wouldn't say we would be "burned" If he signed elsewhere
and I was looking for something more specific than he’s a “good guy”
Harbaugh will find a QB and he will succeed.
But who really knows what he values the most?
There are too many things in play that could sway him to just say that if its between Houston and SF that he is coming here.
Twitter: @Joshuahss
So NA is getting a pay cut
Wasn’t his original contract with the Raiders something like $16 millions.
There is no guarantee a championship at Texas and less money.
I guess that was my point.
There isn’t a guarantee for anything right now. I won’t believe anyone has the lead or is completely out of the running until he is signed.
Twitter: @Joshuahss
I agree about the being burned thing...
i didn’t even consider him coming here until about a day ago lol
by sanfranfanmdk on Jul 28, 2011 9:46 AM PDT up reply actions
I remeber when getting Harbaugh seemed like a lost cause.......
If the 49ers relly want to get Nnamdi, they will bet the farm and then some to get him.
very different situations
nnamdi is an investment against a cap, harbaugh was not
This is Asomugha’s last chance at a big deal. It was merely Harbaugh’s first.
by whistlingmountain on Jul 28, 2011 9:04 AM PDT up reply actions
Lombardi is suggesting 49ers have 0%
at least he didn’t shoot down that notion
"I need a new (guy) for this black cloud to follow, cause while it's over me it's too dark to see tomorrow" -Nas
apparently only a slight one
Someone asked why his tune had changed from 49ers being likely to 0% and all he said was “money, state taxes”
"I need a new (guy) for this black cloud to follow, cause while it's over me it's too dark to see tomorrow" -Nas
They have been pretty spot on with their predictions so far....
Very close anyway. If they are all saying very little chance, I think we can all throw away the notion of Nnamdi in SF.
I’d personally rather get a guy like Brent Grimes (who has plenty of career ahead of him). And then look at guys like Eric Wright for the number 2 spots.
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they don't predict anything accurately
they say what their sources say and are often wrong because the sources are leaking something on purpose or do not know themselves.
that being said, I don’t think Nnamdi is coming to SF, I don’t think they’re going to offer what Houston offers, nor should they.
by whistlingmountain on Jul 28, 2011 9:52 AM PDT up reply actions
Per Jason La Canfora
“After extensive meetings 49ers have informed CB Nate Clements he will be released. Could return later, but SF clears over $7M in cap now”
schefter
@AdamSchefter Adam Schefter
With the two sides unable to reach agreement on a paycut, the 49ers officially told CB Nate Clements they will be releasing him.
Harbaugh will find a QB and he will succeed.
they had to do it today
so, not much of a surprise
by whistlingmountain on Jul 28, 2011 9:18 AM PDT up reply actions
Soooo...our C.B.'s are Spencer,Brown, Culliver
Be concerned, be very concerned!
He doesn't get the roster bonus right?
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Reporter : "What do you remember about the BCS title game"
Cliff Harris: "That we lost"
by manraj7 on Jul 28, 2011 9:19 AM PDT via mobile up reply actions
I think you're correct
Ran out of time to work a deal and cut him so they didn’t have to pay his bonus. Still possible they work out a deal without the time constraint.
I thought it is $15M
Did I miss something here.
Does anyone see
similarities between Asomugha and Woodson?
I feel like they are similar players, with Asomugha probably the better cover guy right now.
I just feel like if Nnamdi slowed a bit, he could shift to safety without much problem and an ability to bring the heat up front like Woodson.
I feel like Clements, if shifted to safety could become an all pro player again, but so far he seems completely unwilling to do so.
Go Bears!
Whats the best plan??
Offer Clements a smaller contract and tell him you want him. Then try to secure Nnamdi while you have the cap space. Then go back to Clements with a better offer after you know how much is left and you can wave the “Duo” in his face.
Underrated factor helping the Niners
Is Nmandis desire to be on TV and his existing gig on Sports Sunday with Raj Mathai. Im sure they already have established studio guys in NY/HOU and it may take him 2-3 years to get a similar gig. im sure he can keep that job on NBC11 and possibly get more work on CSN Bay Area given their partnership with Comcast.
I find it hard to believe
that Nnamdi’s public exposure, etc. would be better in the bay area than in NYC. To me, this is a check in the Jets column.
by Call It The Throw on Jul 28, 2011 9:53 AM PDT up reply actions
agreed, NYC >>>> SF when it comes to that
but over there he wont even be the biggest personality in his own secondary, let alone the entire team. With a loud mouth coach and so many personalities on both sides of the ball, itd be hard for a low key guy like him to emerge as a famous figure, whereas in SF hed already have a TV gig lined up in the 4th biggest market in the country and would be the face of the defense along with Willis.
by Rep the Bay on Jul 28, 2011 10:33 AM PDT up reply actions
Just a thought
If Nnamdi did sign with the 49ers, who would keep #21?
"When I get sad, I stop being sad and be awesome instead. True story." - Barney Stinson
If Gore goes away, obviously Nnamdi.
If he stays, it would obviously be Gore.
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He should take the fam down there now for a quick trip in humid hell
I think the kids and wife might veto the idea if they spent a couple lovely summer days in the humidity that can be described as one of the worst major cities in the country. AC or not, it sucks. Bay area weather could be a deciding factor……that has value too!! I would pick that over an extra mil any day when it comes to overall comfort and happiness if I was making that much money overall………
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