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How much money? FL has no income tax on earnings.
I think (that being the operative word) the max he could take if leaving Cleveland was 96 million. Don't know if he got the full amount though with two other big money names signing on.
He mentioned a sign and trade for 120 million in a six year deal. 96 was the max if he stayed in Clev.
They have to take on contracts that are nothing more league minimum across the board, minus Chalmers. One serious injury and this team is f***ed.
**** Lebron.That is all.
They only have six players on their roster. They need nine more.
It hasn't even been 24 hours since LeBron James made "The Decision" to leave Cleveland for Miami. But Greater Cleveland shops -- even the Cavaliers' team shop -- are clearing their shelves of anything LeBron.The Cavaliers have pulled all of the LeBron items from the shelves in the team shop, which is under renovation right now, as well as from the shelves at the "temporary" team shop set up elsewhere in Quicken Loans Arena.
LeBron James Fathead is on clearance. For $17.41. Guess what's interesting about 1741. That's the year Benedict Arnold was born...
You sound upset.
LeBronomics: Could High Taxes Influence James' Team Decision? NBA superstar free agent would pay over $12 million in New York income taxes, none in Miami By Kyle GillisBusiness & Media Institute7/9/2010 9:33:01 AM “If LeBron James goes to the Miami Heat instead of the [New York] Knicks, blame our dysfunctional lawmakers in Albany, who have saddled top-earning New Yorkers with the highest state and city income taxes in the nation, soon to be 12.85 percent on top of the IRS bite,†the Post said. The tax savings for James in Miami over New York City would be staggering, according to the Post’s analysis. “On a five-year contract worth $96 million -- what he'd get from the Knicks or the Heat -- LeBron would pay $12.34 million in New York taxes.†Florida has no state income tax. New Jersey and Ohio, the other reported frontrunners to attract James, also have state income taxes, but they are not as high as in New York. Based on a $96 million contract, James would pay $5.69 million in state taxes if he re-signed with the Cleveland Cavaliers. If he signed with the New Jersey Nets, James would pay $10.32 million in state taxes.Complete article at link.