By Jason Palmisano
Carmelo Anthony is a professional basketball player who recently signed a lucrative new NBA free agent contract with the New York Knicks. Michael McCann recently wrote an article in Sports Illustrated providing a breakdown of the potential income tax consequences if he had signed with the Chicago Bulls, Miami Heat, or Houston Rockets for the maximum amount with each team. Note, the “Jock Tax” in the chart is is a standard 4% agent commission. (hat tip: Paul Caron)
