As we all know, there is an unwritten tacit agreement in all walks of life to try to hide their true salary, and the NBA is no exception, and many stars' contracts are kept secret.
The reasons for salary secrecy are similar to what everyone encounters in the workplace, and they are roughly divided into the following points.
1. Reduce friction and jealousy among employees: Avoid jealousy and dissatisfaction among employees. Different employees receive different salaries due to experience, skills, job performance, etc., but these differences can lead to conflicts between colleagues.
2. Enterprises and teams want to maintain a certain competitive advantage in salary: they are reluctant to let competitors find out the details, so as to prevent being poached or imitated by competitors.
3. Negotiation flexibility: Avoid causing dissatisfaction with existing employees or requiring corresponding adjustments, which is also one of the team's bargaining chips for NBA players.
4. Reduce the management burden and prevent the complication of the salary structure.
Football stars, film and television stars, and Internet celebrities all belong to high-income groups, and the current tax rules for Internet celebrities are relatively broad, but stars and celebrities already have relatively complete industry rules.
Even so, many big-name stars also have means of tax avoidance and tax evasion, such as Ronaldo and Neymar, who have been fined huge amounts by Portugal and Brazil because of tax issues.
The NBA is very strict in this regard, and stars face a huge tax burden, and Jeremy Lin has previously revealed his salary structure, when he joined Beijing Shougang in 2019, Lin's salary was $3 million after tax.
This is far more than his income in the NBA, and Jeremy Lin's salary structure in the NBA is very complicated, in addition to paying 50% of taxes, he also has to give 10% to the NBA Players League, 4% to his agent, and only 36% is left.
In 2012, the Houston Rockets offered Jeremy Lin a four-year contract of $5 million in the first year, $5.2 million in the second year, and $14.9 million in the third year.
The media also predicted the contracts of James, Curry, Harden, Wei Shao and others, and the actual salaries were less than half.
Recently, the salary of Tatum, the NBA champion this year, has caused heated discussions on social networks, according to well-known journalists such as Shams Charania and The Athletic, Tatum is expected to sign an early contract extension with the Celtics on July 6.
At that time, Tatum will give up the $37 million player option for the 2025-26 season, re-sign a five-year, total value of $314 million (about 2.2 billion RMB) with a maximum salary contract, and continue to play in Boston until the 2029-30 season.
The new contract extension puts Tatum on an annual salary of $62.8 million, of which $23.2 million is paid directly in federal taxes, $4.7 million in athlete taxes, then $8.1 million in escrow and agency commissions, and finally $1.4 million in Social Security Medicare. This leaves his net income of only 25.2 million US dollars, and his annual tax payment is as high as 270 million RMB!
However, all this may change, and Celtics may become the sixth team to change hands in the past three years in 2024.
Wyc Grousbeck, the majority shareholder of Celtic, has announced that he will sell a controlling stake in the team in late 2024 or early 2025.
ESPN's Wojnarowski initially revealed the news, and the time may be in for which the championship team will have a new shuffle.
This article was originally edited by Art Rabbit Sports
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