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Leagues and Governing Bodies

THE TAXMAN COMETH? CANADIAN INCOME TAX IN THE NBA EXAMINED

          CNN's "This Week in the NBA" examined Canada's income
     tax and its influence on players' decisions to play for the
     Raptors and Grizzlies.  Knicks G John Starks: "You work so
     hard to achieve such financial stability, for it to be
     sliced -- more than half of it -- it's going to make players
     worry about going up there."  Grizzlies coach Brian Hill:
     "There are different options that they and their financial
     people can take to really, completely, offset the tax
     situation and make it no different from playing for any team
     in the United States.  But that's an education that players
     and agents are going to have to be provided."  CNN's Bryan
     Burwell: "This is a battle of perception. ... What they are
     battling right now, is the NBA and the two Canadian teams is
     trying to convince people that it is no different.  It's no
     different right now than say, moving from a ... state like
     Florida or Texas with no state taxes, to a place like DC
     with 49% tax rate, California with a 48%, New York and New
     Jersey, that's right around 46 or 47%.  How you convince
     them is the key." Burwell added that both the Raptors and
     Grizzlies have put together a package to show players and
     their agents "that there is no difference" (CNN, 3/15).

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