San Jose Mercury News · Jul 18, 2017
Tax man cometh for Golden State Warriors
Golden State Warriors’ Stephen Curry signed a $201 million deal with the Warriors, but could see about $26.7 million go in taxes. (Jane Tyska/Bay Area News Group)By Steve Megargee
With the mind-boggling money being doled out in NBA contracts, players don’t seem to be overly concerned about state taxes – or the lack of them.
Stephen Curry signed a $201 million deal with the Warriors and Blake Griffin got a $175 million from the Los Angeles Clippers. The rub: In California, the top tax rate of 13.3 percent is the highest in the nation. To get just a rough indication of how much state tax they might face, consider that 13.3 percent of $201 million is about $26.7 million.