Hypothetical players contract - how much does a player really net?
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10-20-2012, 02:35 PM
Join Date: Jan 2009
Location: Buffalo NY
Having spoken to the agent of quite a few buffalo bills (Chris Kelsay, Terrence McGee, Brian Moorman, Coy Wire at the time, etc) the industry standard agent fee is 3% of the contract's value.
He couldn't say for certain it was the same in the NHL or NBA, but he was pretty certain it wouldn't change more than a percentile each way.
For the amount of money they make, I'd imagine the effective income tax rate is probably right around 30% based on 2009 data from taxfoundation.org
As for the frequency of pay rate, I can't be exactly sure. I'll have to ask our finance manager. We've sold quite a few cars to Sabres players so he might have access to some financial data (ala pay stubs).
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