I was watching the Sixers last night, and was wondering how much of that insane contract was left after Tobias Harris put up 20 points against the Bucks.
Turns out he’s made the most money in the history of the league without an all-star appearance.
It does kind of make sense due to inflation and the explosion of salaries in the late 2010s and 2020s.
A productive scorer with good length and skill, Harris is largely inconsistent and did not live up to the contract he was given. Albeit, it was a must-give for the 76ers, where he would have likely walked for free, so Philly elected to overpay to keep him.
The Sixers signed Harris to a 5-year, $180M contract in 2019, fresh off the departure of current Miami star, Jimmy Butler. Harris’ contract expires this year.
Rounding out the rest of the Top 5 are:
2. Danilo Gallinari ($198M)
3. Nicolas Batum ($187M)
4. CJ McCollum ($181M)
5. Eric Gordon ($178M)
Source: BBALL Ref and HoopsHype
Ok, question. He has made 211 million, as in his contracts so far have been worth 211 mils. But how much of that money actually ended up in his pockets? Is it before or after taxes? And how much is the taxation like for athletes in the US? Is it the same for the whole country or is different depent in what state there are? Sorry for the questions...non American.
There are 3 main taxes he gets on his contract. Federal tax (37% at the top end, ends up being a bit less due to progressive tax rates and deductions), state tax (depends which state he officially lives in, a lot of players make no-state-tax states their permanent residence, Pennsylvania is 3%), "jock tax" which is levied on a per-game basis when they play out of state. 40% taxation is a pretty reasonable approximation, so take home $120M+.