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You might be correct about the signing bonus, but I doubt it. Since SD Chargers are paying him and not the NFL, I don't think it will matter to California tax man.
All was overstating it but Bosa will eventually cave because he stands to lose MUCH more than the Chargers. Offset language is going to be pennies next to what he'd lose by missing a year, getting picked lower, pushing his next deal back, etc.
Now it is just a matter of time before he gets injured, as is often the case with players who miss preseason.
I think you're probably over rating what a non-QB rookie makes in endorsements by quite a bit. It wouldn't surprise me if it was typically under $100k for the vast number of 1st round rookies.
Bosa would not have gotten 100k in endorsements. Hell the city can't even sell out all of its games. How much is his endorsement going to be worth?
On your first point, that definitely isn't true for regular jobs. I have worked remote from my company's state before and paid tax only in the state in which I lived and worked, not in the state where company offices/HQ existed. I have also moved between states before, and it was only necessary to pay tax to each state in that year for the portion of the year I lived and worked there. If Bosa gets paid his signing bonus upon signing his contract, he is being paid before taking up residence in CA.
#3 overall pick. There was a lot of potential to be a new face of the franchise. I think this hurt his brand in the town of San Diego for the long term. But you're probably right.
That doesn't have anything to do with the point of the post which is the size of the loss Bosa faces if he doesn't sign and goes back to the draft.
It didn't hurt his long term brand at all. If he performs on the field nobody will care. Did people care about Eli Manning or John Elway? What they did was far worse in my opinion. Or did they care about Dan Fouts, Eric Dickerson, Marshall Faulk or John Riggins (twice). Riggins to this day is by far the favorite athlete in the DC area. He still gets endorsements.
Sorry to side track and this will be my last response since I am not a tax expert. But I know when an NFL player plays away games in another state, they are required to pay that state's tax not the state of their residency/state of the team they play for.
You paid taxes on what you earned in each state. It's just coincidence (like most relocations are) that that happened to be directly proportional with how long you were a resident of each state. Most states have a minimum threshold under which people occasionally working remotely don't pay taxes on. Depending on how much you made and how you're defining "worked remote" you may have properly paid those taxes.
This is because it's where the money was earned. NFL players quickly exceed most, if not all, states' maximum threshold for not paying tax
Getting the full signing bonus was never in doubt. It's still being paid in installments. And he took offset language.
They might be in LA as soon as 2017 anyway, potentially rendering the point moot.
Nearly everybody was right in acknowledging Bosa would almost certainly sign.
He doesn't need to. He sells it in NYC and in the national market. If he had blackmailed SD for more money, relented, and then delivered a superbowl nobody would care about anything else and the endorsements would roll in. Performance is pretty much the deciding factor unless you fight dogs or beat your wife.
I read he got what the Chargers last and final offer was? 85% Now 15% in March 2017. Looks like the Chargers won and both look like clowns.
SD reportedly made other concessions. They BOTH "won" AND "lost".I read he got what the Chargers last and final offer was? 85% Now 15% in March 2017. Looks like the Chargers won and both look like clowns.
I believe there is a waiting period if he switched agencies, so that would have been a problem. Or maybe I'm wrong and it's if you switch agents and there WAS a waiting period.
It's not a cap hit, that's spread across the contract evenly. It's about the earning power of holding $17M for x amount of time. 1% of $17M is $170k. If you think you can earn 2% over a 6 month period, well, do the math.
Stupid board.GroveDiesel said:
Just kind of researching on the web and looking at the CBA, it sounds like it's the bolded, about cash flow, credit lines, investments.
It sounds like the bolded was later addressed in the CBA, as the NFL can now require teams to stick money to handle deferred payments into accounts based on current interest rates.
The CBA does mention Paragraph 5 salary deferred into the next League Year of hitting in the normal cap year it was earned, not the year it is paid. But it hits at a Discounted Rate based on current interest rates, so that would be a slight cap savings. Not sure if signing bonuses have that same caveat though or if it is just salary, it wasn't quite clear to me as it mentioned it for salary, and for signing bonuses in extensions, but didn't mention it about non-extension signing bonuses that I saw.
Not to mention that the Chargers are headed toward a public stadium vote in November. The negative PR from this fiasco cannot have helped the odds of passing that vote, but it could have hurt.
Its like Angelfire '97 all over again. I always expect to see the Lycos tm somewhere.
He's nobody's fool. Pretty much everything he said was the right thing to say.
This landed the plane for me. I really appreciate you explaining it.
You hate him before he even gets there.
yeah, ok. You nailed it. I blame them both. Both sides are idiots here. Boss play will decide what happens next, but the leash is now much, much, shorter than it would have been if he had been here working. And that goes for his teammates as well as the fans. Lots of players-turned-pundits have come out in the last month and said as much.
Hitting the sauce hard for a Monday night, eh?BTW it was the MOP who said....
-The Chargers will be drafting in the top 5 but forced to take talent outside of the top 20
-The Chargers are creating a toxic environment that will ruin them in free agency and create a much steeper curve for them
-If Bosa is not there this week that he is likely to not play the first month of the season even if he signs..."6 weeks MOP"...fine 6 weeks, same thing.
Strawman my butt and since they got this done so quickly we can only assume that these Strawman arguments were in fact quite real.
And is there any doubt Roger Badall made a phone call and said enough is enough, make it happen...because now they suddenly pay him the full bonus, why?
I agree re: quick turnarounds, and I think you're right that the Bolts are poised to perhaps be the sleeper team of the entire NFL. The corners could be elite, and the DL (Bosa & Mebane additions) and LBs should be much improved with Perryman getting a full season as a stater and Teo supposedly coming into his own. Safety play is the wild card.
I'm a Chargers "fan", but I'm not really that invested. I was born elsewhere so that team is in my blood. I was getting pretty hopeful for them this year. I liked the Bosa pick, I love the Benjamin signing. I think Gordon will redeem himself, Keenan is a stud, Rivers is elite. The NFL is built for quick turnarounds. I was hoping the Chargers could be this year's team that does that. But they look like keystone cops now. And yeah, Bosa shares some of that blame. He finally fired his agent and boom, deal. It shouldn't have taken this long to see that negations were stalled hard enough to try something new. It's his career. He should have taken more control over it sooner. I wish him well. I know how fickle this fan base can be. They ran Drew freaking Brees out of town. They aren't full eagles with the booing, but them a chance to boo or stay home on Sundays, and they'll take it.
