yrey All American 1150 Posts user info edit post |
Wish him luck, but think getting a degree couldn't hurt. The D League and overseas would still be here next year, and plus if he had a stellar senior year he could work himself up the draft. 4/16/2015 1:58:15 PM |
synapse play so hard 60938 Posts user info edit post |
FOH mane
[Edited on April 16, 2015 at 2:42 PM. Reason : V money > no money] 4/16/2015 2:14:52 PM |
bronco All American 3942 Posts user info edit post |
^^actually I agree with that. That's what's so puzzling about this decision. "He's so old!" It's not like he's 40 or something. I just don't see how Israel/Spain/Korea would want him less after next year. Is there that much competition for spots in those leagues, that they would pass on a 24 yo because he's not 20? 4/16/2015 2:37:29 PM |
LastInACC All American 1843 Posts user info edit post |
you just want him to stay and not concern about his future. 4/16/2015 2:41:18 PM |
PackGuitar All American 6059 Posts user info edit post |
^^. hypothetical moment... even if he makes a lesser 500K a year by going overseas, and you say these clubs won't want him any less if he stayed til next year... you are saying he should forfeit that one year of $500k by shortening his professional shelf life.
yes, he is already 24. and these guys money making years I think can confidently say only go til probably 35. No reason to wait. Go get em Lacey, hopefully in the NBA$$$
[Edited on April 16, 2015 at 2:52 PM. Reason : lkj] 4/16/2015 2:51:16 PM |
skywalkr All American 6788 Posts user info edit post |
Where are you getting $500k from. Pretty sure they aren't paying that for someone like Lacey. 4/16/2015 3:16:06 PM |
synapse play so hard 60938 Posts user info edit post |
money > no money] 4/16/2015 3:33:34 PM |
Bullet All American 28414 Posts user info edit post |
Quote : | "I just don't see how Israel/Spain/Korea would want him less after next year." |
He won't be making money now if he doesn't go now, and there's the possibility that he could be injured in college and then not have the opportunity to have a career in basketball. and let's be honest, the whole degree-thing is silly for someone who's going to play a professional sport. They can take night classes over several years, or wait until their sports career is over to get the remaining credits they need for a degree. It'd be great for us if he came back, and good for him if he did something to get more recognition to help him get a better contract (win acc poy, a national championship, etc.), but there are plenty of valid reasons for him to go now.4/16/2015 6:08:11 PM |
hershculez All American 8483 Posts user info edit post |
Quote : | "Where are you getting $500k from. Pretty sure they aren't paying that for someone like Lacey." |
Yeah $500k might be a little high for salary alone. $100k starting contracts in the Euroleague and various other overseas leagues is very common. I have no idea what kind of earning potential there is in endorsements but there has to be some. Don't forget the tax advantages of being an American and earning your income outside of the country.
[Edited on April 16, 2015 at 8:41 PM. Reason : d]4/16/2015 8:41:28 PM |
xienze All American 7341 Posts user info edit post |
^ You mean having to pay US taxes despite living abroad? 4/16/2015 9:27:26 PM |
The E Man Suspended 15268 Posts user info edit post |
Life is not all about making money right this moment. If it is, then why the hell did he come sit out a year when he could have played and been payed for two years. Makes no sense because we dont know his problem with the coach. 4/16/2015 9:27:50 PM |
TreeTwista10 minisoldr 148438 Posts user info edit post |
hahaha 4/16/2015 9:40:42 PM |
hershculez All American 8483 Posts user info edit post |
Quote : | "^ You mean having to pay US taxes despite living abroad?" |
Provided you live in the foreign country for a full tax year (or at least 330 days) and are paid by a company from that country (or an American company with an office in that country) there is a pretty nice tax break. In 2015 the first $100,800 qualifies to be excluded from federal income tax.4/16/2015 10:09:10 PM |
tower All American 12280 Posts user info edit post |
thats not a tax break
you still get taxed by the foreign country, which in most cases has a higher tax rate than the US
then if you make over 100 grand you get double taxed 4/16/2015 10:15:36 PM |
HaLo All American 14263 Posts user info edit post |
^yeah it's really only advantageous if you're in a country with no federal income tax 4/17/2015 12:01:41 AM |
hershculez All American 8483 Posts user info edit post |
^^ Yes you are taxed by the foreign country. No you are not double taxed. The foreign earned income exclusion only takes you to $100,800 as far as the IRS is concerned. Above that you utilize the foreign tax credit. Taxes paid for a foreign goernment are subtracted from your U.S. tax liability. If you make less than the max that can be counted towards the FEIE then there is also a foreign housing deduction that can be used to make up the difference.
Say Lacey goes and plays for PBC CSKA Moscow where the federal rate for residents is 13% max. Using $100k as the magic salary number he would be able to save $11398 (using Alabama as home state) or $12140 (using NC as home state). Above $100k it's basically a wash except for the 6.2% that is taken for OASDI here. Yeah he could pay more in other countries. It's not a guaranteed tax win if you go work overseas but the potential is definitely there. 4/17/2015 1:54:03 AM |
yrey All American 1150 Posts user info edit post |
LOL, Gott is pissed at Lacey with his no comment, hahaha. 4/17/2015 12:17:13 PM |
Dynasty2004 Bawls 5857 Posts user info edit post |
http://www.wralsportsfan.com/lacey-submits-paperwork-for-nba-draft/14608701/
just in case people need to know.
Quote : | ""I would like to thank Trevor for his contributions while at NC State. I want to wish him the best as he pursues his dream to play in the NBA. We submitted Trevor's name to the NBA Undergraduate Committee and I shared the feed back with Trevor and his family. Not only was his play outstanding for our team, but he showed great character while completing this academic semester at NC State." ---Mark Gottfried" |
[Edited on April 27, 2015 at 5:00 PM. Reason : Quote]4/27/2015 4:57:04 PM |
fenway All American 3135 Posts user info edit post |
From what I've read online it sounded like Gott wasn't going to comment or release a statement until it was 100% set in stone that he was gone. Since yesterday was the last day to remove your name/submit the final paperwork or whatever then he officially can't come back now.
I selfishly would've loved to see him stick around one more year, but at 24 years old he probably should just go ahead and get paid whether that's in Europe or the D-League. Gonna miss his step back rainbow threes. 4/27/2015 5:45:00 PM |
WolfpckGrl17 All American 5755 Posts user info edit post |
^ Agreed! 4/28/2015 11:31:17 PM |
bronco All American 3942 Posts user info edit post |
THANKS OBAMA TREVOR 12/1/2015 8:50:08 PM |
natureboy All American 2803 Posts user info edit post |
Could have used some of his patented ISO step back shots tonight. 12/1/2015 10:38:53 PM |
rwoody Save TWW 37692 Posts user info edit post |
@PackPride
Quote : | "Wolfpacker Trevor Lacey used a strong rookie season to ink a 1-year deal with Italy's Dinamo Sassari; likely 200K+ https://t.co/9qmLi5v8Xu" |
6/24/2016 9:30:25 PM |
justinh524 Sprots Talk Mod 27836 Posts user info edit post |
Yeah but think about how much more money he would have made if he stayed in school!!!!!!! 6/25/2016 10:02:35 AM |
rwoody Save TWW 37692 Posts user info edit post |
Ya. I can think we can definitively say he would have made less LAST year. 6/25/2016 11:51:50 AM |