Any extra taxes he would pay NY would no doubt be offset (and then some) by an increase in advertising deals.

Also, doesn’t an issue like this arise for people playing in Canada, for all sports? Doesn’t converting the money to US dollars, or simply bringing it over the border if the salary is paid in US$, make the player incur some form of tax or conversion fee?

~~~Wouldn’t this be like Jeter’s issue, because CC would have to live in the NY area during the season, so wouldn’t he have to prove his main residence is in California?~~~

I’ve heard reports that CC is building a huge house for his family in SoCal. So, if that news is out there, you know the state of CA is going to be looking to hit his $23,000,000 annual salary.

Its called a “jock Tax” Players have to pay taxes in every state and almost every city that they play in.

here is an article on the subject.
http://tinyurl.com/5smdpu

here is another

http://tinyurl.com/6edkqc

Oh, and since the bluff is easily seen through, it’s a sign of weakness, not strength, and it will be no surprise when it gets “played over”.

Of course Hal’s statement is a bluff, and a bad one.

The brutal facts are that the Yanks need CC, he doesn’t need them.

Therefore, if he’s not rushing to claim the extra $20-30 million, that means he doesn’t value it highly, and any ultimatum the Yanks utter and then carry out hurts them, not CC.

And other teams know all this, and so does CC’s agent, and so does CC.

Wouldn’t this be like Jeter’s issue, because CC would have to live in the NY area during the season, so wouldn’t he have to prove his main residence is in California?

If he was lives in a hotel room or something then he would have to file both a NY and CAL tax return, but he would get credit on the CAL for taxes paid in NY. It would deduct from the tax he owes in California and in his case it would probably mean he was getting money back if NY has a higher tax rate.

I think he’d have to prove his main residence is in California though.