New Report Reveals Exactly How Much Money Amon-Ra St. Brown Will Lose From His $120-Million Contract To Taxes, And The Number Will Make You Sick To Your Stomach
Amon-Ra St.Brown (Photo by Ezra Shaw/Getty Images)
Amon-Ra St. Brown became the NFL’s highest-paid wide receiver this offseason, having reached a deal that should keep him with the Detroit Lions until 2028.The four-year extension is reportedly worth $120 million, which would put him level with Tyreek Hill in terms of salary, though he’s set to get more guarantees than the Miami Dolphins star ($77 million).
“I’m here four more years,” he said in an Instagram story after the news broke. “It’s up. It’s turnt. Detroit, whatupdoe.”
St. Brown’s deal is the second-largest in franchise history, with Matthew Stafford the only player who’s commanded a bigger salary. It also breaks Calvin Johnson’s record for a receiver in total money, with the former Lions star inking a $113.45 million deal while with the team.
The $30 million he’s set to make every year makes him the highest-paid non-quarterback in the league. But, based on some numbers brought up by earnings analyst Andrew Petcash, he will only get to keep around half of it due to taxes.
Petcash notes that $11.1 million of Amon-Ra St. Brown’s $30 million yearly salary will be chipped off for federal tax, with $900,000 set to go to his agent. Jock tax will take another $894,000, with FICA/Medicare requiring $703,000 and Michigan tax snatching another $637,000.
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This leaves the wide receiver with just $15.7 million to take home.
It’s where Hill has the edge. He plays in Miami, which means he pays a lot less in taxes.
The Dolphins have been an attraction for athletes due to the lower tax rates, and it’s hardly a secret among players, who have said publicly that they would prefer to play there to keep more of their hard-earned money.
