SAS indicates Melo "money" hungry so it still seems that $$$ are getting into the equation.

SAS Chicago is Deep in the Mix...Melo cant make a choice.. talking to his family about leaving the money on the table!

 

Just commit and Bulls will find the money ! (right?)

If Melo left $50 + million on the table, I would totally respect him. I would think he's stupid, but I would respect him.

If Melo left $50 + million on the table, I would totally respect him. I would think he's stupid, but I would respect him.

It won't happen. No one, no how. He is coming to the Bulls though!!!

It won't happen. No one, no how. He is coming to the Bulls though!!!

 

Dude, hes totally coming.

Woj has spoken on Wade...

 

The Chicago Bulls are gauging interest with free agent Dwyane Wade, league sources tell Yahoo Sports.

I'd like to think the Bulls have the ability to give Melo a 4 year $90 million deal. Now that's $40 million less overall, but it's not that much less on an annual basis.

 

 

I'd like to think the Bulls have the ability to give Melo a 4 year $90 million deal. Now that's $40 million less overall, but it's not that much less on an annual basis.

Pretty much same when adjusting for taxes. If Bulls got to 4 94 (which is the max for a non New York team) during the 1st 4 years, after taxes, he makes more money in Chicago then NY.

@McGrawDHBulls 15s

 

Carmelo sign and trade, Pau for mid-level, Wade for bi-annual & Kirk for minimum -- get it done Gar/Pax?

Gurnee, IL

Wade for bi-annual hahahahahaha

Go check out the dunk Eric Griffin just threw down in Summer League.

Pretty much same when adjusting for taxes. If Bulls got to 4 94 (which is the max for a non New York team) during the 1st 4 years, after taxes, he makes more money in Chicago then NY.

 

You know more about taxes than me, but my understanding of how income tax works for pro athletes is that they pay each state based on the games played there. So its 41 games taxed at NY rates v IL rate.

I don't get it. We won't get a player of his quality at the vet minimum. Makes total sense as a 3rd string PG. Limit his minutes, keep injuries to a minimal, and that is an effective back-up right there. Not to mention just a really good guy to have on our bench and in practice.

Let's just be honest though, we're all picturing him getting 25 minutes per game.

You know more about taxes than me, but my understanding of how income tax works for pro athletes is that they pay each state based on the games played there. So its 41 games taxed at NY rates v IL rate.

 

There was an si article that broke this down and included this, chicago still way cheaper.

@McGrawDHBulls 15s

 

Carmelo sign and trade, Pau for mid-level, Wade for bi-annual & Kirk for minimum -- get it done Gar/Pax?

Gurnee, IL

 

Yeah, no.

 

McGraw, stop smoking, that's not happening.

 

Wade would retire before taking the BAE.

Yeah, no.

 

McGraw, stop smoking, that's not happening.

 

Wade would retire before taking the BAE.

 

Yeah, this is Wade's last chance for a big payday and he opted out of 2 more years of the max. He isn't taking anything other than a huge contract.

There was an si article that broke this down and included this, chicago still way cheaper.

 

I think its a difference of approximately 4%. So 4% of 10mil = 400k per year, over 5 years is $2mil. Not really way cheaper. (Im just rounding here, 10mil is approx 50% of his salary which is the portion of his income that would be subject to state of NY taxes.)

 

That being said, the NY cost of living is a lot higher than Chicago. So $20mil in Chicago, goes further than $20mil in NY.

Edited July 11, 201411 yr by Soxbadger

I think its a difference of approximately 4%. So 4% of 10mil = 400k per year, over 5 years is $2mil. Not really way cheaper.

 

That being said, the NY cost of living is a lot higher than Chicago. So $20mil in Chicago, goes further than $20mil in NY.

Does Carmelo actually do endorsements in NY? That could potentially counter some of the cost of living stuff.

Does Carmelo actually do endorsements in NY? That could potentially counter some of the cost of living stuff.

Then again, winning a title = more endorsements.

The question for Melo is how much money is enough. At this point its generational wealth, he already has made enough money that hed have to go out of his way to spend it all.

You know more about taxes than me, but my understanding of how income tax works for pro athletes is that they pay each state based on the games played there. So its 41 games taxed at NY rates v IL rate.

Yep;

The question for Melo is how much money is enough. At this point its generational wealth, he already has made enough money that hed have to go out of his way to spend it all.

I remember this argument with Buehrle...don't want to get into it again

Gasol just tweeted this (in Spanish):

 

Now I am very close to making the decision. Thank you all for your interest and support!

I remember this argument with Buehrle...don't want to get into it again

With me? Wait what did I say