Perhaps I should have taken up this topic prior to free agency, but better late than never.
We always write about money in the context of the Collective Bargaining Agreement (CBA), but seldom in terms of how of their fantastic salaries today’s players actually see in their bank account.
The fact is that with taxes, professional fees (agent, lawyer, etc.), escrow account and other clawbacks, DeMar DeRozan will see less than 50% of his stipend. Obviously we shouldn’t feel sorry for him, but we should be aware there is a problem unique to Toronto’s NBA team.
A working person must pay federal taxes to the country in which he earns his income.