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Started By
Message
re: Saban rumors- the latest
Posted on 12/9/13 at 11:41 am to tigerbait01
Posted on 12/9/13 at 11:41 am to tigerbait01
quote:
Austin>Tuscaloosa....let me guess that's not good enough for you?
Not really. He is super close to retirement and has it made. No sense in the move.
2
Posted on 12/9/13 at 11:46 am to GEAUXmedic
Posted on 12/9/13 at 11:47 am to DC RaiseHerBack
quote:Saban owns 49.5 percent in a complex that's in bankruptcy with debts of $25 million and you think he has it made and is close to retirement?
Not really. He is super close to retirement and has it made. No sense in the move.
This post was edited on 12/9/13 at 11:48 am
Posted on 12/9/13 at 11:50 am to Barner
quote:
Barner
So you are telling me Paul Bryant Jr is flying him in his jet to Austin? The Bear's son is facilitating Saban's move to Texas?
Posted on 12/9/13 at 11:52 am to phaz
quote:
So you are telling me Paul Bryant Jr is flying him in his jet to Austin? The Bear's son is facilitating Saban's move to Texas?
He gone
Posted on 12/9/13 at 12:48 pm to wilceaux
quote:
If Saban is paying 40% then his CPA should be fired immediately.
Ah, almost all of a $5.6M salary would be in the upper tax bracket. He is at least 38%+. In Texas he will actually get to keep 4% more of his money, as there is no state income tax in Texas.
Posted on 12/9/13 at 12:50 pm to evangelfan
quote:
In Texas he will actually get to keep 4% more of his money, as there is no state income tax in Texas.
just to turn around and pay it in higher property tax
Posted on 12/9/13 at 12:53 pm to Tigerpaw123
quote:
just to turn around and pay it in higher property tax
but his grand kids can attend public school.
Posted on 12/9/13 at 12:55 pm to evangelfan
How much more would property tax be?
Posted on 12/9/13 at 12:56 pm to Tigerpaw123
Property tax on a say $5M home would approach $100K.
4% state income tax savings on a $9+M salary would approach $400K.
Don't think guys in this bracket don't look at a $300K a year savings. Just simple math bro.
4% state income tax savings on a $9+M salary would approach $400K.
Don't think guys in this bracket don't look at a $300K a year savings. Just simple math bro.
Posted on 12/9/13 at 1:04 pm to evangelfan
quote:
Just simple math bro
I am sure he would have more than 5M worth of property with a 9M salary
Posted on 12/9/13 at 1:08 pm to Tigerpaw123
quote:
I am sure he would have more than 5M worth of property with a 9M salary
the home rumored to be the one purchased was a $5m home i believe
Posted on 12/9/13 at 1:10 pm to GEAUXmedic
quote:
the home rumored to be the one purchased was a $5m home i believe
but i doubt that would be all the taxable property he would own
Posted on 12/9/13 at 1:24 pm to Tigerpaw123
I don't really know any more and I've said all that I can possibly say publicly, so I, like everyone else, am just waiting to see where it ends up. There have been reports that it's already signed, but I can't vouch for them, whereas the news which rattled me came from a source very close to him personally. So, IDK...
- from HSV on tidefans...
- from HSV on tidefans...
Posted on 12/9/13 at 1:25 pm to phaz
Bryant's going with him. Package deal
Posted on 12/9/13 at 1:35 pm to beaver
quote:
I don't really know any more and I've said all that I can possibly say publicly, so I, like everyone else, am just waiting to see where it ends up. There have been reports that it's already signed, but I can't vouch for them, whereas the news which rattled me came from a source very close to him personally. So, IDK...
- from HSV on tidefans...
This is the guy who first reported Saban and Bama reached a new agreement. He retracted that and this was his explanation.
Posted on 12/9/13 at 1:36 pm to Bama Bird
quote:
Bryant's going with him. Package deal
rats, ship
Posted on 12/9/13 at 1:44 pm to beaver
quote:
There have been reports that it's already signed, but I can't vouch for them, whereas the news which rattled me came from a source very close to him personally. So, IDK...
Reports that "it's already signed" - what's that, the extension with Bama? That means nothing without a buyout from Saban's end - that just protects him from being fired by Bama.
The "close" personal source leaking information doesn't sound very promising, either, as I would suspect that Saban and Sexton have been keeping that pretty close to the vest. Clearly there's smoke here, but how much and how far along Texas and Sexton truly are remain to be seen.
Posted on 12/9/13 at 1:52 pm to Ace Midnight
quote:
Reports that "it's already signed" - what's that, the extension with Bama? That means nothing without a buyout from Saban's end - that just protects him from being fired by Bama.
the reports its already been signed are from people taking the recent news stories about them "agreeing on principle" and twisting it around, they mean just as much as the reports of him definitely going to texas do.
Posted on 12/9/13 at 1:56 pm to beaver
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