It looks like California tax rates, which are some of the highest in the nation, may have cost the San Francisco Giants their shot at top MLB talent Bryce Harper. The 26-year-old professional baseball star agreed to
Bryce Harper was the most sought after rookie in baseball. He took a deal with the Philadelphia Phillies on Thursday. But rumors are that he would have liked to sign with the San Francisco Giants but the taxes are too high.
A report from NBC Bay Area Sports’ Alex Pavlocic suggests there was a bidding war, and California state taxes are too high to make San Francisco competitive for Harper’s talents.
The high taxes really didn’t give Harper an incentive to come to California.
Robert Raiola, director of the Sports and Entertainment Group at PFK O’Connor Davies, calculates that after federal, state, and local taxes, Harper will be compensated roughly $184 million from the Phillies. By comparison, the Giants’ $310 million offer would have netted the slugger approximately $161 million.
Harper was looking for a long contract in a single city so he wouldn’t have to move around. He also wanted a field he felt good hitting in. He found that with the Phillies.