And no State Income Tax in Tennessee.He is going to make at least $300k more (on the low end) and perhaps $600k in one year. Heck, many of us would leave our job for a $25k raise. I hate it, but I understand it.
And no State Income Tax in Tennessee.He is going to make at least $300k more (on the low end) and perhaps $600k in one year. Heck, many of us would leave our job for a $25k raise. I hate it, but I understand it.
Which school(s) are willing to pay Travis 3-4 times ($750k - $1mil) next year?It's not that much when you consider he could potentially make 3 or 4 times that elsewhere. You didn't start our with his earning potential. He shouldn't settle because most if you all wont ever earn that much. Would you rather have 650k or 3 - 4 million?
Nico and his dad are idiots. They went from a state with no state income tax to the state with the most taxes.Tennessee with no state income tax.
I believe that is incorrect. I think California passed a bill a while back to make anyone working in the state longer than 3 months to automatically be taxed as a resident.As a college student, he doesn't have to reside in CA for residence purposes. And he is on scholarship, so his tuition won't be impacted if he is considered an out of state student. The NIL deals could also be setup from other states/countries, similar to how Oscar's were done in the Bahamas. There's tons of ways to limit or avoid taxes, even in CA.
Two of those others are Frank Kornet from Lexington Catholic and Scott Draud from Ft. Thomas Highlands. Kornet was All-SEC in 1989 and played for the Bucks in the NBA. His son Luke also went to Vandy and is still playing in the NBA with the Celtics. Their father was a UK professor. Draud was All-SEC in 1991 and made nearly 300 three-point shots in his career. He is the principal at Newport High School where UK target Tay Kinney may be returning next season.Vandy must be more appealing to him now, if they are, it's probably because the NIL is as much or a little more than Ole Miss, and the proximity to home is a big deal. It will be between those two schools, with them coming in late like this, it might be close to being a thing. If Travis were to go to Vandy he would join a list of several Kentucky high school players that went there from Kentucky. Barry Goheen, Al Miller, Phil Cox, Dan Langi and Joe Ford among others.
You are all over the place Ella.I meant over his collegiate career, but I do think he will likely command $500k plus this upcoming season from one of the schools he is considering. Vandy and Ole Miss could easily afford that and both seem to need/want him. I would imagine Maryland can pay that as well. They would all give him a bigger role that will likely earn him even more $ over the next few seasons.
I meant over his collegiate career, but I do think he will likely command $500k plus this upcoming season from one of the schools he is considering. Vandy and Ole Miss could easily afford that and both seem to need/want him. I would imagine Maryland can pay that as well. They would all give him a bigger role that will likely earn him even more $ over the next few seasons.
Where am I all over the place? If you can't read and comprehend, that's not my fault.
I said 3 to 4 times over the course of his college career, not just in a single year. I believe he will make over 500k next year with a good opportunity to prove himself and earn even more in the years ahead. Could he regress and make less? Sure! Just like he could also improve and make more. But you can't find out unless you believe in yourself and try!
Any team desperate enough for shooting and players to fill out a roster this year will pay him. Making 250k a year and getting 10mpg here at UK can likely easily be beaten by going elsewhere.
Small guys, slow guys, non-athletic guys still have success at the collegiate level. It's just learning how to leverage the things you are good at to overcome the things you aren't as good at. Certain systems can also help in that regard.
Why do you think they put the new rules in place. California is going to get any money owed to them and it isn’t like he is a mystery resident. He also took less than he was going to get @ Tenn.So do the "work" outside of the state. Or at least make it appear that way. Trust me, his tax liability, even in CA, likely won't be anywhere near as high as some here think. Making that kind of money, he can afford good attorneys and accountants to mitigate his tax burden.
The state of California will get 13% of every penny Nico gets. That is 13% of his gross, not net income. The city of LA has a work tax and then he has federal taxes. He will net about 48% after all taxes. Actually could be much less after he pays his Dad.Why do you think they put the new rules in place. California is going to get any money owed to them and it isn’t like he is a mystery resident. He also took less than he was going to get @ Tenn.
He will make more NIL money at UK than anywhere else
Coming from a UK grad, a Vandy diploma is worth a LOT more than a UK diploma.I don't necessarily disagree with you, but I do think there is one additional thing to consider related to long-term thinking...and I have no idea what the right answer would be for him or anyone else.
What has the best long-term potential...
1. stay a Wildcat for 4 years while earning maybe $250k per year, but by staying all 4 years, you become a beloved Wildcat player, and that provides networking, etc. to likely set you up for life in a multitude of professions.
2. Transfer to Vandy for maybe significantly more NIL money, become a valued player and alumn with networking from a very affluent university...this may pay even more dividends across a lifetime.
In the end, it's really understandable financially for either choice. So, it probably really comes down to desire to actually play meaningful minutes.
I turned down a big raise last week because I’m loyal to my colleagues and don’t want any future grandchildren to be spoiled.
Is there anybody other than me that doesn’t care about Perry’s nil and tax issues!
LOL at anyone thinking Perry is getting 500,000.
You may have hit the nail on the head. That is exactly why we should wish the kid the best except when he plays us.Long term earning potential in Lexington greater than any other payday to sit the bench elsewhere. Makes no sense financially. Makes no sense basketball wise either. The only logical reason for him to transfer is to play every game at lower level.
Unless the coaching staff encouraged him to move on this was a bad decision in my opinion.