Coach AD

Brendan Haywood says asking Karl Anthony Towns to give up $77 million for a chance at an NBA championship is insane, while Jared Jeffries explains how New York’s 13% state income tax makes those contracts even more expensive Brendan Haywood: “Bronson already took a pay cut, and that plays into the narrative like, ‘See, Bronson took a pay cut, we won a championship.’ Then they walk over there and they’re like, ‘Yeah, man, you should do what Bronson did.’” “I don’t think players should take pay cuts. I don’t think Karl Anthony Towns should have to give up that much money.” “We’re talking about championships, but let’s not get it twisted. This is the entertainment business. The business part needs to be talked about more.” “$77 million is generational wealth. Asking somebody to turn down generational wealth is insanity.” Jared Jeffries: “Especially in New York City, with a 13% state income tax.” “If you’re in Texas or somewhere with no state income tax, maybe you can work the numbers differently. But when you start talking about $70 million over the course of a deal, just in state income tax, you’re getting crushed.” “On $200 million, you’re talking about roughly $26 million coming out of that. That’s a real number, man.” “And for everybody out there hearing these crazy numbers and saying, ‘Oh, but I could do it off $200 million,’ just think about working regular.”