Joe Flacco not NFL's highest-paid player ... after Maryland taxes
Joe Flacco won't make as much money as he could because of Maryland taxes. Oh the horror.
When breaking down Joe Flacco's new contract -- a $120.6 million behemoth that makes him the highest-paid player in NFL history -- we can talk about a lot of things. Like, say, whether the Ravens should've coughed up an extra million last offseason. Or his long-term salary cap effect. Or even respect.
But we should definitely talk about taxes, because they're hitting Flacco pretty hard.
According to Americans for Tax Reform (atr.org), by sticking in Maryland, Flacco will now pay a marginal income tax rate of 51.98 percent. He's also paying an additional $1.72 million per year by being in Maryland, as opposed to signing with a franchise that resides in a no-income-tax state like Texas or Florida.
Per ATR, it's actually Drew Brees -- who has a marginal income tax rate of 49.4 percent in Louisiana -- will make $470,000 more per year than Flacco once taxes are calculated.
So, yes, Joe Flacco remains the highest-paid player in NFL history. However, he's making "less" if you start to factor in taxes.
But does it really matter? Not only did Flacco just reel in $50 million in guaranteed money (enough to take care of most people for the rest of their lives), but he's the type of dude who celebrates that monster contract by driving through McDonald's in a decidingly non-garish automobile and ordering a bunch of chicken McNuggets.
Something tells me his budget will be just fine with the tax hit no matter what state he's living in.
For more NFL news, rumors and analysis, follow @EyeOnNFL on Twitter, subscribe to our RSS Feed watch Pro Football 360 daily at 3 p.m. ET and NFL newsletter. You can follow Will Brinson on Twitter here: @willbrinson.
Our Latest Stories
Was it Lady Gaga's fault the Falcons lost Super Bowl LI?
Kelly was dis-invited from the combine due to off-field issues
Payton says Prescott inspires a feeling of calm and trust when you watch him play
Le'Veon Bell isn't a 100-percent certainty to be tagged, but don't worry, Steelers fans
Spiller spent last season with the Jets and Seahawks after being cut by the Saints
Gronk says Pats fans wouldn't even let Goodell get down the highway from the airport to the...