Let’s just say they offer him 1.1 million per year for 3 years 2023-2025, and our offer is say $600k for 2 years.
That’s 3.3 million ( before tax of course ) V 1.2 million.
Ok let’s say he loses 1/3 in tax ( it would be more but makes it easier to calculate ) he ends up with 2.2 million from going north v $800k from staying south.
Now in the third year we might offer him a coaching role , say at $300k , so losing $100k in tax he gets $200k
All up that would be a million from us v 2.2 million from Redcliffe.
If he invested that extra 1.2 million in say the Australian Stock Exchange , conservatively in the top 50 stocks , with a dividend reinvestment plan he’d maybe have 2.5 -3 million by year time he’s 60.
And that’s still leaving the million over 3 years to live on.
I get his love of the northern beach’s and his Sydney family but purely from a financial perspective if this was the deal on the table I know what I’d be recommending.
sportsman are allowed to spread there earnings out over years because of the ad hoc way they earn thus reducing the tax bill. not sure to what degree and time frame anymore
I agree with your life scenario though. id be the same. selling his sydney home and buying at elsewhere would make him wealthier in a heartbeat
I just dont see redciffe wanting him as a marquee signing. bennett has indicated he wants cody walker, munster is making all the right/wrong moves to see his chances of leaving melbourne and both would be better options
DCE contract wishes would ensure he is indeed a marquee signing .
a new club wants a man you can build a team around, where daly needs more helpers than most players of his distinction. you would need to add a very expensive and selective 6 and 9 to offset the basics DCE doesnt provide . he is a better player than he is a 7
if he wants the coin its cronulla or tigpies
if he wants to be at manly for whatever reason it has to be on a greatly reduced contract and i think these scenarios are more likely
right now there is no hurry but if reddy want to buy him out we should let them
either way, before we offer too much money to DCE i want to see how cust, foran and schuster handle the role without him when tom is playing. its the best way to gauge his value to our team outcomes and good business.
it doesnt matter if its wrapped in a sombrero, but if its in the cap spreadsheet, every increment defines our team .
