I brought this up elsewhere and had a few share their opinion, looking forward to what you guys have to say If Im right Yao is to recieve 18M for 4 yrs . 50% of that will go to the CBA. Leaving him with 9M. Then his agents will get about 10% of that which leaves him with 8.1 Million of which he would have to pay US tax ( 30% ??) leaving him with less than 6M (does not inlclude bonus)after 4 yrs with the rockets. Damm !!! Okey as far as the CBA getting 50 % of his pay from the rockets may not be that bad if this only applies to his first contract with the Rockets and that after his 4 yrs , the CBA will not be entitled to and % of his future contract with the Rockets. This can be considered as payment for buying out Yao's contract with the CBA ( which in practice should be paid by the Rockets and not Yao. Yao wanted so much to play in NBA that he agreed to such exhorbitant rate ) But it was mentioned (not sure how accurate) that the CBA will still stand to make a certain % from Yao's future contract with the rockets as well but Yao would be able to negotiate for lower than 50%. I hope at the very least that this 50 % thing does not extend to his endorsements (now or future ) where Yao even stands to earn more if he continues to improve his game.. Why not defect ? I dont think that is a good idea.. Sponsors who would get him basically want to improve their market share among the chinese community worldwide where Yao is popular to . If he defects, it may affect his viability as aproduct endorser as some or maybe a good # of chinise people worldwide may despice such move from him. Likewise If he defects , it would probably put an end to us seing future Chinese players being allowed by the Chinese goverment & or CBA to play in the NBA. By the wayI saw this article weeks back that says the YAO marketing team has been flooded with calls from several companies wanting to get Yao to endorse theirproduct BUT Yao's marketing team is holding back and wont entertainany discussion until Jan or feb. I think this is the time they thinkthat Yao would be beter adjusted to the NBA and consistently be able to play better which would raise his market value How much do you think Yao could make/command in terms of endorsement by Jan , Feb 2003 ? What companies do you think would seriouslypersue him as endorser in the US market ?
What you say is ture!! But I still think that(less than 10%)is unfair to Yao Ming,they (cba)should require compensation once just like GASOL !
Albert, 50% !!! Give me a break. Even an illiterate widow can start a better romor than that. I can see... you are not about to start a thread on how a wonderfully capitalistic American government tax more than the communist China. Give up...
If I'm not mistaken, wouldn't he get taxed by the US on the 18 million and not the 8.1 million which would leave him with even less? Or is he not responsible for the others taxes?
Ummmm...what the heck are you talking about? Reread what he said...and that "50% of Yao's salary was to go to the cba was true"...He wasn't starting any rumor.
Don't be so sensitive and judgemental. And where have you been for the last 3 months? The 50% stuff was all we talked about here during the summer. "Illiterate widow"...that's the first time I heard that. Were you trying to personally insult Albert? Next try using one of the following: dumbass moron stupid mofo heypisser r****d dunce PS. I don't condone insults on the bbs because it just ruins discussions, but when you do so, might as well do it right. PPS. What are some other chinese-translated-to-english insults? I'm gonna start using "illiterate widow" around my buddies.
would having 18 million make that much difference as to having 8 or 9? Either way, the man is making MILLIONS. Either way he can live like a king or emperor or whatever he prefers. Sure it's a lot of money to take from him, but he still is left with plenty to enjoy life like he's always dreamed of.
If you read it carefully, he says that it *would NOT* be a good idea to defect, especially considering how it would hurt his marketability overseas. Don't react without reading the WHOLE post. liubaoxin, Like Kim said, that number had been reported by both American AND Chinese media sources all summer. Considering that the revised numbers were not widely reported, it would be natural for people to still think the original 50% was the amount the CBA would take. How certain are we that the number is now less than 10%? What media source reported it? Links? I hope this is true, I really felt for the guy having to pay sooo much just to come over and play the game with the best in the world.
Guys, let's stop talking about this subject any more. It is too complicated for us to comprehend without adequate details. Even for a tax accountant. In fact, most western countries tax their resident / citizen on worldwide income. The marginal tax rate could go as high as 85% on the level of income Yao makes. Besides, the tax law for each country is different. Some tax on citizen while others on resident or even just temporary visitor. The definition of resident and visitor varies from country to country. In US, it may even vary from State to State. It is more aggrevated for Yao because there is no bilateral agreement between US and China. As a result, he may be taxed twice - by both US and China, if not more. On top of that, there are Shanghai Shark buyout, CBA levy, agent fee, etc., etc. There are too many unknown variables to make even a guess.
Cut a little slack for our friend who is not that proficient in English, OK? No need to show off. Yeh, it's not widely reported, it's like US media will have interest to "correct" its wrong reporting and pick up some insignificant number such as 10%? It's not as exciting as 50%. Where were you guys several month from now anyway, rocket fan? I've said it long before his signing that 50% rule is bogus and more complicated than you thought. Anything in China (well almost) is more complicated than you think, especially if you get your thinking from media.
Sereval million for a "national hero" status of a growing nation of 1.3B is really a very good deal for a multimillionaire, if you ask me. Or ask Sr. Charles if he would do that or not. Bill Gates would rush for it if he can. You people have no idea.
first, I was not harsh on him, what precisely was I "showing off" with? I assume you are referring to my reply to liubaoxin How is this harsh in any way? I respond in the manner that I always do, with logic. I don't think I'm known as someone who jumps down people's throats on this board. Post verified info in a logical fashion, and I won't endevor to correct you.Correct me if I'm wrong... second, I was here, I'm always here...I read EVERYTHING worth reading and lots more stuff that isn't...and NOWHERE did I see ANYONE that came up with any reliable information to counter the media reporting about the 50%. Wasn't the *initial* source of that number a Chinese media source? Where else are we supposed to get our info from? If the media was wrong..fine..but don't come slamming on me just because we get our information from media sources..It's not like we can walk up to YM and ask him what the truth is. Besides, like Dakota said, it's really none of our business.
No offense. just the tone of it. Block letters and everything. My bad if not the case. you are right, it's not your fault when the media pick up a vague "Chinese sourse". As far as I concerned, no one actually verified this. It's not even medias fault, they thrive on sensational news anyway. But, there is actually reports about the real number not being 50% recently. Yeh, you are right again. I hate the fetish about other people's big money. Then again, it's only human nature.
I use block letters to emphasize a word...I know only too well how easy it is too overlook one word that could change a person's perception of the post, which can lead to misunderstandings. I try to avoid that by emphasizing certain words to try to ensure that noone mistakes what I'm tryin to say. I understand that if you aren't familiar with someone's posting style, it is easy to misconstrue(sp?) what their tone or intent was/is. I am a sporadic poster at best, and even guys that have been here much longer than you don't really know where I am coming from. I guarantee you that I am easier to understand now than I have been in the past. Anyway, what all that means is, no offense taken here.
