quote:
Pro Football Network - On Sunday night, the Seattle Seahawks dominated the New England Patriots, winning 29-13 to capture Super Bowl 60.

Sam Darnold has been an excellent addition to the Seahawks’ offense and was one of the key reasons for the team’s success this season. However, despite winning the biggest game of the year, Darnold is set to lose $249,000. Here’s why.

Darnold is set to lose $249,000 due to California taxes. As part of winning the Super Bowl, every player on the championship team receives a $178,000 bonus, along with the Lombardi Trophy.

However, Alex Worth of talkSPORT noted that the bonus is not as straightforward as it seems. Players are taxed on the payout, and at a significant rate:

“The bonus is classed as ‘regular income’, meaning that federal tax will be paid on it. It is projected that they will take home between $89,384 and $109,248, meaning each player is likely to lose $67,616 in tax, but Darnold is a different story. The Super Bowl-winning QB is a California resident, meaning he is set to pay a staggering $249,000 in income tax. It is an astonishing $71,000 net loss for helping Seattle win their second Super Bowl in franchise history.”

A $71,000 loss is a small price to pay for winning a Super Bowl. Beyond the championship itself, the victory could boost Darnold’s value through endorsements and potentially lead to a contract extension, as he still has two years remaining on the three-year, $100,500,000 deal he signed last offseason.

Additionally, Darnold earned a $2,500,000 incentive in his contract for winning the Super Bowl. As a result, the California tax hit will have little overall impact on his total earnings from the game.

(Barstool Sports)

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19 Comments

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Indiangensing•18 hours

What a shite hole state. Embarrassing to America...

TaderSalad•2 hours

It's the liberal utopia, so, vote wisely.

Indiana Tiger•18 hours

I don't believe this at all. Would need an actual explanation that showed that this was true. The additional 2.5M is probably what made the state taxes so high. I don't know if these people are really that stupid or if they think their readers are that stupid. Probably the latter.

Sterling Archer•17 hours

Look at the comments below and you'll have your answer

cajunmud•16 hours

Commiefornia

(do us all a favor and secede)

GruntbyAssociation•2 hours

Mexico wants it back by reconquista, I say just give it to them.

jmorr34•17 hours

"Additionally, Darnold earned a $2,500,000 incentive in his contract for winning the Super Bowl. As a result, the California tax hit will have little overall impact on his total earnings from the game." So he didn't exactly lose money. Shitty headline.

Run DMC•11 hours

BS he didn’t. Just because he won the game and got an incentive from winning, the tax was for “playing” in the game and it cost him to “play” in the game. So in fact, it did cost him. California’s Democrat policies has ruined the state.

Doug Masters•18 hours

Such BS. Rotate the Super Bowl between Nevada, Texas, Tennessee and Florida.

WillieD•18 hours

^ Mark from Ascension chiming in

HoustonGumbeauxGuy•45 min

Is he subject to California taxes because the Super Bowl is played in California? What a stupid fricking idea

6R12•14 hours

And GovGavin is still loved by those idiots over there. LOL that is crazy.

FaCubeItches•12 hours

So loved they've attempted to recall him twice.

crewdepoo•15 hours

How did he lose money?

crewdepoo•15 hours

Larry spreading fake news

HDAU•16 hours

He immediately lost all credibility in his article about taxes with this sentence: “The bonus is classed as ‘regular income’, meaning that federal tax will be paid on it."

LsuNav•16 hours

If you pay a lot of taxes that also means you make a lot of money. It is still worth the trade-off for living here.

Rex Feral•16 hours

That's such a retarded attitude to take over the government stealing your money.

El Jefe de Tu Mama•11 hours

You are a fricking idiot LsuNav.