Sport Deed

Breaking news, world sports news.

New Nets Star James Harden In Line For $13 Million Tax Hit In NYC Move

It has been 24 hours since the biggest trade news in recent memory dropped, as James Harden headlined a massive four-team trade, when he was shipped from the Houston Rockets to the Brooklyn Nets.

Harden, a perennial all-star, and generational scoring talent, had expressed discontent with his situation at the Rockets before the season even started, and the fissures in their relationship only widened as games started to tip.

What is obvious, however, is that this is not a move motivated by potential financial windfall. Harden has been with Houston for eight seasons, based in Texas, where there is no state income tax on wages. He now packs up and moves to New York, which sits on the opposite end of the spectrum when it comes to tax slugs and contributions.

According to Yahoo Sports, this will result in a near $ 14 million tax hit for Harden, over the next three years. Yes, it’s all relative, considering he is owed $ 133 million over the same stretch, but it’s still an eye-watering figure.

It is clear that money is not front of mind for Harden, and the eyes of the global NBA community now shift firmly to the Brooklyn Nets. It will be fascinating to see how first-year head coach Steve Nash grapples with balancing the on-court (and off-court) performances of the ball-dominant threesome he now has on his books.

Let’s block ads! (Why?)

Basketball Forever

Leave a Reply

Your email address will not be published. Required fields are marked *