jed said:
To be honest, $340K is good for a player like him, I have no issues paying that.
Not sure if you realise, but the $340K is all-inclusive. If you take out superannuation, it drops straight away to a bit over $300K. Take out tax, he'll end up about $160K-$170K. Don't know what accountants and financial planners you use, but sign me up if they can push it up to $300K.
Something else to keep in mind is that he's a professional footballer. At the end of his playing career, he's got to start all over again at whatever he chooses to do. There are only so many jobs in coaching and the media for ex-players to go into - the rest have to start again from scratch at a new career. He'll drop back to below average wages, and have to work his way back up again. So the money he earns over the next 3-5 years is what he will use to set both himself and his family up for the rest of their life.
Jed i agree with what you say whole heartedly except the tax part,
I do realise it's all inclusive most pay's over 55k they include it to make it look better the employer that is.
I have explained already the tax offset senario, but another example is he is the only earner in his family, he takes out life insurance on all parties in his family, it is paid by his super contributions which is legal, the net effect is the say $4000.00 for the insurance is only that, not the after tax ratio which would be approx $7300.00 saving him $3300.00 in one instance, then there's thousands of other ways to reduce tax, i do it to reduce my tax bracket two steps, by investing what johhny would have taken anyway giving me asset's and the cost of then is only 51.5% and johhny pays the rest, if you want my accountant i will give number.
On him after RL and him thinking about it, have no problem there except why didn't he think of this before putting ink to paper, this is my only grief if this was a contract negotiation i would not care but he signed he plays.
Let me put it this way how would you all feel if the Raiders decided to rip up someones contract without telling them, they had there pr team spill this to the press you would not be happy, well i feel the same way i don't support canberra Schif's i support the canberra raiders
In saying that i still think he is a great player asked me last week i would have sayed he was a legend
