The Tax Man and Cubs Free Agents and Other Bullets

Back at it after a nice Thanksgiving and subsequent weekend. The Winter Meetings are one week away, and the non-tender deadline is Friday.

  • As we talk about free agency, and the value of contract offers, it’s always worth keeping the differing taxes among states in mind. Although the sales taxes in Illinois are hefty, the 3% income tax is relatively low. The Cubs are frequently competing for free agents with larget market teams in California or New York (well, they will be competing with them eventually), and the state income taxes there, at the highest levels, are 10.3% and 8.82%, respectively. According to an analysis by a tax lawyer on agent Scott Boras’s staff – yeah, they’re always evaluating these things – a player with a $10 million salary could see a different in aftertax income of as much as $400,000 in a no-tax state like Florida, versus a high-tax state like California.* Illinois is obviously closer to the no-tax end of the spectrum, and that $400,000 could be a huge difference: with upwards of $4 million in taxes coming out of that $10 million contract, that $400,000 is 6.67% of that player’s aftertax income. So, if I’m spitballin’ here, in Illinois that difference is obviously smaller – maybe $250,000 to $300,000 – but it’s still a big advantage that the Cubs have over, say, the Yankees or the Dodgers. The Cubs’ offer for the “same” money as those teams will always be about 5% better.
  • Matt Garza turns 29 today, and, since we’re friends now, I can wish Matt a happy birthday.
  • The MLBullets at BCB look at a variety of things, including an analysis on the utility of K/BB as a stat, instead of K% and BB%. The conclusions are relatively convincing that the latter are better than the former, but not to the point where it’s worth throwing out K/BB in total. But if you start seeing me use K% and BB% for pitchers a bit more around here, this is probably why.
  • The MLB.com shop is doing the Cyber Monday thing, so there might be a Cubs deal or two in there.
  • Over on the Message Board, BN’er Mike discusses the reasons the Cubs should be entertaining offers for Darwin Barney right now.
  • BN’er Brit Wagner is doing something pretty incredible: donating a kidney to a total stranger because it’s an awesome thing to do. You’ll be able to follow the journey here, which maybe will inspire you to do something for someone else (it doesn’t even have to be, like, giving a physical part of your body – it can be as simple as being nice to a checkout clerk who looks like she’s had a terrible day), and help with the costs associated with the donation process, if it comes to that.
  • * – State tax calculations are actually super complicated for folks who earn their income in a variety of states, as baseball players do (that is to say, you pay state income taxes where that income is earned – since baseball players play half their games at home and half in a variety of other states, there’s a lot of apportioning that goes on). But, I reckon that Boras’s tax man took that into account in his calculations, so I’ve left that issue untouched in my back-of-the-napkin’ing.
  • written by

    Brett Taylor is the Lead Cubs Writer at Bleacher Nation, and you can find him on Twitter at @BleacherNation and on LinkedIn here. Brett is also the founder of Bleacher Nation, which opened up shop in 2008 as an independent blog about the Chicago Cubs. Later growing to incorporate coverage of other Chicago sports, Bleacher Nation is now one of the largest regional sports blogs on the web.

    more cubs news

    MLBits: Rangers Calling Up Jack Leiter, Marlins Demote Max Meyer Despite Strong Start, More

    The Rangers and Marlins are two clubs heading in opposite directions right now. And their transaction sheets tell you all that you need to know. Texas is calling up Jack Leiter, while Miami demoted Max Meyer, who has been their...

    The Cubs Offense Has Completely Vanished (And at the Worst Possible Time)

    Through their first 11 games of the season, the Chicago Cubs offense scored a total of 71 runs (or 6.45 runs per game). In their last five games, they've scored a combined 14 runs (or 2.8 runs per game). That's...

    His Record-Tying Home Run Streak is Not the Only Recent Good News on Michael Busch

    Michael Busch did not waste any time yesterday extending his home run streak to five games, homering in his first at bat last night, tying the Chicago Cubs' record in the process. https://twitter.com/Cubs/status/1780053231541887428 If Busch does it again tonight, he'll...

    Interesting Night from Fill-In, Multi-Inning Closer Keegan Thompson

    We are still less than a year removed from a time when Keegan Thompson was expected to be a critical part of the Chicago Cubs' bullpen. He had been so good transitioning into a multi-inning role in 2021 and 2022...

    Cubs Farm Report | April 16, 2024: Studs and Duds of the Week

    With no minor league action on Mondays, I figured we would use Tuesdays to highlight some of the best and worst performances on the Cubs farm over the last week. Triple-A Iowa Cubs Studs & Duds of the Week Luis...

    Nico Hoerner’s Extremely High Hit and Two Even Higher Ones in Recent Memory

    By now you've seen Nico Hoerner's jarringly-high game-winning hit from last night's game against the Diamondbacks, and I've kinda been chuckling about it all morning. I thought Sarah Langs offered some fun context for just how high that pitch was:...

    NO WAY! Michael Busch Ties Cubs HR History with Yet ANOTHER Home Run

    Coming into tonight's game, Michael Busch had homered in four straight contests. The streak was notable enough for all the obvious reasons, but it was especially interesting because all four long balls came with two strikes and all four came...

    STUD: Nico Hoerner Won That Game for the Cubs With Sheer Will

    In a game where a rookie pitching prospect makes the best start of his career, a key set-up man has a bounceback performance after a rough start to his season, and a formerly dominant reliever toiling away in Triple-A comes...

    Luck Turning? 10% and 100-Win Pace, Neris Bounces Back, Madrigal for Morel, and Other Cubs Bullets

    I won't say the Cubs luck has finally turned — not one day after they lost Seiya Suzuki to an oblique injury (while still playing without Justin Steele, Jameson Taillon, and Julian Merryweather) — buuuuuuuuut that's two wins in a...

    The Cardinals Couldn’t Challenge a Play Because a Security Guard Got in the Way

    Although challenges have become a staple of Major League Baseball, the league is still working on the optimal timing. The timing of doing the whole "hang on a minute, we're checking" thing, the timing of when you've got to signal...

    Latest News

    Tigers vs. Rangers: Free Live Stream, TV Channel, How to Watch

    The Detroit Tigers (9-7), with Tarik Skubal on the mound, host the Texas Rangers (9-8) who will counter with Dane Dunning, at 1:10 PM ET on Wednesday.Keep reading to find out how to watch the Detroit-Texas matchup in the article...

    Stephen Curry Player Props: Three-Pointer Props and Odds vs. the Kings – Tuesday, April 16, 2024

    Stephen Curry must make six 3-pointers to beat his prop when the Golden State Warriors face the Sacramento Kings on Tuesday at 10:00 PM ET, in the NBA Play-In Tournament.Stephen Curry's Three-Pointer Prop Odds vs. the KingsStephen Curry's over/under for...

    Domantas Sabonis Player Props: Three-Pointer Props and Odds vs. the Warriors – Tuesday, April 16, 2024

    The Sacramento Kings play the Golden State Warriors at 10:00 PM ET on Tuesday, in the NBA Play-In Tournament, and one of the 3-pointer props available for this clash requires just one trey from Domantas Sabonis.Domantas Sabonis' Three-Pointer Prop Odds...

    Klay Thompson Player Props: Three-Pointer Props and Odds vs. the Kings – Tuesday, April 16, 2024

    To beat his 3-point over/under, Klay Thompson must make four from downtown on Tuesday, when his Golden State Warriors play the Sacramento Kings in the NBA Play-In Tournament, tipping off at 10:00 PM ET.Klay Thompson's Three-Pointer Prop Odds vs. the...

    Jonathan Kuminga Player Props: Three-Pointer Props and Odds vs. the Kings – Tuesday, April 16, 2024

    The Golden State Warriors play the Sacramento Kings at 10:00 PM ET on Tuesday, in the NBA Play-In Tournament, and one of the 3-pointer over/unders available for this matchup requires just one make from Jonathan Kuminga.Jonathan Kuminga's Three-Pointer Prop Odds...

    De’Aaron Fox Player Props: Three-Pointer Props and Odds vs. the Warriors – Tuesday, April 16, 2024

    De'Aaron Fox needs to make four 3-pointers to beat his over/under when the Sacramento Kings meet the Golden State Warriors on Tuesday at 10:00 PM ET, in the NBA Play-In Tournament.De'Aaron Fox's Three-Pointer Prop Odds vs. the WarriorsDe'Aaron Fox's over/under...

    His Record-Tying Home Run Streak is Not the Only Recent Good News on Michael Busch

    Michael Busch did not waste any time yesterday extending his home run streak to five games, homering in his first at bat last night, tying the Chicago Cubs' record in the process. https://twitter.com/Cubs/status/1780053231541887428 If Busch does it again tonight, he'll...

    MLBits: Rangers Calling Up Jack Leiter, Marlins Demote Max Meyer Despite Strong Start, More

    The Rangers and Marlins are two clubs heading in opposite directions right now. And their transaction sheets tell you all that you need to know. Texas is calling up Jack Leiter, while Miami demoted Max Meyer, who has been their...

    Bulls Depth Takes Another Hit with Onuralp Bitim Ruled Out for Postseason

    Another Chicago Bulls player has suffered a season-ending injury. The team announced on Tuesday that Onuralp Bitim has suffered a detached retina in his right eye and is now out for the remainder of the postseason. He now joins Zach...

    Mariners vs. Reds Prediction: Expert Picks, Odds, Stats & Best Bets – Tuesday, April 16, 2024

    The Seattle Mariners (7-10), led by the red-hot Jorge Polanco and his two-game homer streak, are -130 favorites to pick up a win over the Cincinnati Reds (9-7) Tuesday at 9:40 PM ET, live from T-Mobile Park and broadcast on...

    more cubs news