Ah, the Minnesota Vikings — the most pathetic franchise in all of sports. How pathetic? We know they tried to lure free-agent receiver Mike Wallace and failed. He signed with the Miami Dolphins.
What we didn’t know is the Vikings offered Wallace a whopping $16 million more than the Dolphins and Wallace said no thanks.
Wallace’s deal with Miami will pay him $60 million. The Vikings offered $76 million. What did Wallace have to say?
“I just wanted to be happy. Money isn’t everything.”
Oh, so you wouldn’t have been happy playing for that joke of a franchise? We don’t blame you.
What else, Mike?
“The money is not all I’m in it for. I want to be a great player — win Super Bowls, go to Pro Bowls continuously.”
Sure as hell ain’t gonna win any Super Bowls in Minnesota, so good move.
Isn’t that right, Greg Jennings? Oh… I forgot.
[schema type=”person” name=”Mike Wallace” orgname=”Miami Dolphins” ]
Wasn’t there something about Floridas tax laws making up for “less” pay elsewhere…
I seem to remember Lebron spewing the same crap….
Still gotta hate the queens…
There is no personal income tax in FL.
great quote “money isn’t everything”
No state tax in Florida…
So essentially, he stands to make more for the ‘Phins than the ‘Queens…(most likely)
Looks like he still would have made $10 million more in MN. Income tax rate of 7.85% this year (projected over the next few years, same rate as last year) in his bracket would be just under $6 million of a $76 million contract.
Total money means exactly nothing. Usually there are big salaries tacked onto the end of the contract that are never earned anyway.
All that matters is what you are guaranteed and how quickly you get it.
Especially if you are a wildcard jackass like Wallace and might suck the next couple years anyway. You want to make sure you earn as much as you can as quickly as you can before everyone finds out you are a fraud.
So no state income tax in florida and total money is essentially meaningless makes this story another fail. Very few can get up a Favre-like anger at Jennings taking the most money to go to the Vikings to sit injured half the time.
Here’s how much of a fail it is – Wallace gets $27 million guaranteed from the Dolphins. His salary is $15 million in the second year of the deal. Even if they cut him after two seasons, he still gets nearly $45 million.
And no state tax? So that extra $16 million would have just been handed over to the state of Minnesota if he played there? Even if the tax rate is 50%, which it isn’t, he’s still collecting an extra $8 million.
Your comment is a fail. Try harder next time.