Wallace's father says son had > $s with Vikings, but wanted out of Snow & Cold

[IDEXAN]

The Miami Dolphins handed Mike Wallace the richest contract among this year's free agents, good for $27 million in guarantees and $60 million over five years.
To hear Wallace's father tell it, the speedy wide receiver's pay day could have been even higher. Mike Wallace Jr. claims his son actually turned down more money from the Minnesota Vikings. The St. Louis Rams and Seattle Seahawks were among the teams that also showed interest, according to Wallace's dad.

A native of New Orleans, Wallace has had designs on heading south since the Pittsburgh Steelers neglected to meet his long-term contract demands last offseason.

"The (Vikings) had come to the point where they were telling him, 'You don't have to live here, just be here during the season,' " Wallace's dad recently told The Miami Herald. "He wanted to get out of that snow and cold weather."

The mutual attraction between Wallace and the Dolphins was the worst-kept secret heading into the free agency period.
Having traded Percy Harvin, the Vikings immediately sprang into action as a competitor for Wallace. NFL.com's Jeff Darlington reported at the time that the Dolphins fully expected to be bidding against a Vikings team willing to go to $13 million per year.

The end result was a perfect storm for Wallace, with the receiver-needy Vikings driving up his price tag on the warm-weather Dolphins.
http://www.nfl.com/news/story/0ap10...offered-mike-wallace-richer-contract-dad-says
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So I guess signing with a contender isn't the only reason guys sometimes pass up top deal ?

 

[badboy]

I would have liked to have had Wallace but at nowhere near that price.

 

[Corrosion]

I spent one winter in MinnyMinn .... Many years ago. If the Vikes offered me $10M and the next best offer was $8M from a team in the south .... I'd take the $8m and laugh all the way to the bank.


All that ice would interfere with my fishing expeditions .... and that just aint gonna work.

 

[Mr teX]

yeah, can't always be about the mula... don't look like the vikes have any semblance of a qb to get him the ball consistently and their defense ain't all that...........Every team in that division plays outdoors in ridiculous cold except for Detroit and them But there's been some talk about possibly building the Vikes' new stadium outdoors like it was back in the day so they could gain that advantage back.

 

[TexanSam]

I spent one winter in MinnyMinn .... Many years ago. If the Vikes offered me $10M and the next best offer was $8M from a team in the south .... I'd take the $8m and laugh all the way to the bank.


All that ice would interfere with my fishing expeditions .... and that just aint gonna work.

If I have to live somewhere that's get ridiculous cold and snows, that place better have some big ol' mountains for snowboarding and skiing. Minnesota is just flat.

 

[2012Champs]

Minn state income tax for him 7.85%

Florida 0%


Makes the cut a little less impactful on his net money

 

[jtexas]

Minn state income tax for him 7.85%

Florida 0%


Makes the cut a little less impactful on his net money

This is not quite as good as it sounds. Income earned while playing at home is tax free, but he will pay the "jock tax" on income earned in away game states (with an income tax) which is most of miami's division. This return is a ***** to complete.

Also if he lived in Florida but played for the Vikings, all his endorsement deals would be tax free.

 

[2012Champs]

This is not quite as good as it sounds. Income earned while playing at home is tax free, but he will pay the "jock tax" on income earned in away game states (with an income tax) which is most of miami's division. This return is a ***** to complete.

Also if he lived in Florida but played for the Vikings, all his endorsement deals would be tax free.

Well if half his game are played at home and endorsement deals are paid in Florida that would account for a majority of his income so while effective rates may very it is probably still a good chunk of change

 

[Dutchrudder]

Well if half his game are played at home and endorsement deals are paid in Florida that would account for a majority of his income so while effective rates may very it is probably still a good chunk of change

Players get 17 checks for salary each year, 16 games and the bye week. So in Florida, you would get 9 checks without state income tax. Any bonuses earned are paid as income in the state that the team is located, so that's a big chunk of change.

The best teams in the league to avoid state income taxes are Houston, Tennessee and Jacksonville because 3 of their 4 division teams play in states that do not have state income tax. So you know least 11 of your 17 paychecks will not have state income taxes applied.