Myles Garrett is facing a problem now that he’s been traded to the Rams and it will cost him millions if he can’t figure it out
There’s a 100% chance Myles Garrett is elated to join the Rams. However, there’s a non-football problem on the table that will lead to a big loss if he can’t figure it out.
Myles Garrett went from one of the NFL’s worst teams in the Cleveland Browns to one of the best in the Los Angeles Rams, so you know he’s on cloud nine.
However, there’s an issue with the move, as Pro Football Talk’s Mike Florio recently pointed out. The good news is it’s a non-football issue, but it’s still one that could sour things a little bit and it’s the fact Garrett stands to lose around $3 million by moving from Ohio to California:
As he prepares to move from Ohio to California, he’s looking at an increase in his top tax rate from 3.125 percent to 13.3 percent.
For his option bonus, which is now due to be paid by seven days before the start of the regular season, it’s a difference of more than 10 percent of the total amount. Which is more than $2.9 million that will otherwise be missing from his after-tax payment.
Mike florio
Pro Football Talk
Florio mentions a potential solution. It’s a scenario where Myles Garrett can get agents and lawyers together in an effort to come to some kind of agreement where the Rams pay him his $39,358,875 option bonus before he switches states. He also notes California would probably fight against that kind of maneuver, as the state stands to lose out on that money if the hypothetical situation comes to fruition.
Plus, Garrett already gave up a $1 million bonus by not showing up to Browns OTAs. That’s a loss of nearly $4 million in just a few months if it stands.
It’s quite the sneaky detail that can sometimes go unnoticed in these deals and this kind of situation does impact a player’s choice of teams, at times.
There’s one detail about all this, however, that makes you think Garrett is ahead of the curve.
Myles Garrett waived his no-trade clause to join the Rams, so he probably knew about this ahead of time
I mean, I doubt his agent kept him in the dark on this part of the process. Garrett losing money means he loses money and any top businessman wants no part of that scenario.
At the same time, the big factor here is the state of California. As we all know, it’s a massive state with dense population and a variety of landscapes that take all different kinds of methods and resources to help with the upkeep.
It’ll be intriguing to see how it all unfolds, because I guarantee you it’ll lay the blueprint for other players who find themselves in a similar situation in the future. My guess is Garrett finds a way to get it done.