18 May 2026 15:54:34
I did not realize until today that the State of Washington passed a new Millionaires tax on March 30th of this year, which takes effect January 1, 2028.
This is something to take into account when looking at any trades involving Seattle. Initially, it looked like that might be a team players would get traded to and increase their take home pay with the No State Tax. But now it means any athlete that goes there will be paying $99,000 extra per $1,000,000 after the initial first $1,000,000.
Starting Jan. 1, 2028.
That is a factor that any player with a no trade will now be taking into account. Not to mention, Seattle will be careful on their contracts in the next few years with younger players when they hit RFA as even though the cap will go up again in the 2027-2028 season. They will need to save cap room if they want to try to get free agents or players at the deadlines going forward. This could be a huge game changer to the way they will do business.
1.) 18 May 2026
18 May 2026 18:59:05
Unreal…. And Gary Bettman will look us in the eye and tell us that teams like Florida and Tampa don’t have an advantage. Tampa is about to sign Raddysh for 6 mil when he’d get 9 in Toronto ?
2.) 18 May 2026
18 May 2026 20:47:19
I’m sure if Toronto had the tax advantages you wouldn’t be commenting mattyboy.
The economic benefits are what they are
Maybe if we had a decent team players would come here irregardless of the tax situation
Winning is incentive
Having a jackass like Treliving and his army of assistants gm’s in charge didn’t help
Let’s see what wonder boy Johnny can do
3.) 18 May 2026
18 May 2026 22:38:07
Exactly. It was not the NHL that passed the High income Tax in Washington as it is something that was needed in that state for a while. However... when the NHL brought in the Salary Cap it was to prevent the rich teams just throwing money around to outbid every team with their wealth to get the best players. (Never worked in Toronto because or terrible management doing the signings.) But with some teams not having State Tax and other States having lower taxes and with the Canadian Provinces having hight taxes.
A true equitable Salary cap would be one that calculates in each year the Take home pay percentage to put each team in the league on a level playing field. So if your Tax is lower your Salary cap is lower but the same percentage of a team that has a higher tax. Only fair way of doing it in my opinion.
4.) 19 May 2026
19 May 2026 11:38:37
Lots of reasons to not sign in Toronto. But the income tax thing is a real problem that the NHL should address as many teams (in both countries) have a disadvantage compared to teams in tax free states.
5.) 19 May 2026
19 May 2026 12:59:19
Ok, I have to tell Golftown that “irregardless” is frowned upon in the English language. It is a double-negative!
Using it once was okay but all the time is just bad.
Irrespective or regardless will suffice.
Sorry but my Mother always said people will listen and read your stuff with better grammar.
LOL
6.) 19 May 2026
19 May 2026 22:18:50
I'm just saying it needs to change to even this up. The stats don't lie. The last 9 Stanley Cup Finals..... 5 were won by teams from Tax Free States. 10 of the teams in the finals in those 9 years were from Tax Free states.
And 2 times in those 9 years 2 teams from tax free states faced each other in the finals. That is scary when you are talkng about a 32 team league.