Ex-NHLer Shares Major Disadvantage of Playing for the Maple Leafs

The high tax rates in Toronto, among the highest in North America, gives the team a major disadvantage on US markets when it comes to negotiate salaries with players.

Frank Corrado, a former NHL player, talked on X about the financial disadvantage that a player like William Nylander would get when signing in Toronto versus in the USA for a state like Florida.

Here's what he wrote:

Under an eight-year, 11.5 million AAV contract, Nylander would need to pay approximately $6,114,271 in taxes, leaving him with a yearly income of $5,385,729.

On the other hand, in Florida, he would clear $7,284,668 after paying $4,215,332 in taxes.

The difference is roughly $1.9 million more in annual taxes. Over an eight-year contract in Toronto, Nylander would end up paying around $15 million more than in Florida.

Nevertheless, any high-profile player with an organization like the Toronto Maple Leafs could get a lot of great fiancial opportunities.

Many players sign sponsorship deals or play in commercials for more revenues.

But the hope remains that the idea of playing for a prestigious team like the Maple Leafs will continue to make Toronto an enticing option for top players.

As read on Hockey Patrol - Canadian Government Screws Over The Toronto Maple Leafs