Maple Leafs Screwed Over by the Canadian Government: There Will be Consequences for Nearly a Decade

A recent discussion has brought new details on the challenges that must face the Toronto Maple Leafs due to the high tax rates in Toronto, which are among the highest in North America. This situation gives a major disadvantage to the team when the salary question is raised on negotiations with players.

A post on X shared by the former NHL player Frank Corrado noted the financial impact would be for a player like William Nylander between signing in Toronto versus a state like Florida, due to tax variations.

Here's what he stated:

If he signed an eight-year, 11.5 million AAV contract, Nylander would pay something around $6,114,271 in taxes, clearing $5,385,729 a year. In Florida, he'd clear $7,284,668 and pay $4,215,332, around $1.9 million more in taxes per year. Over an eight-year contract, he'd pay about $15 million more in taxes in Toronto.

However, any high-profile player for a major organization like the Toronto Maple Leafs will get many financial opportunities, like lucrative deals with major sponsors, for example.

The hope remains that the appeal of playing for a prestigious team like the Maple Leafs, added to the outside opportunities, will make Toronto an attractive option for top talent like Nylander despite the high taxes.

As seen on Hockey Patrol - Canadian Government Screws Over The Toronto Maple Leafs