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.
A Breakdown Of Amon-Ra St. Brown’s 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.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.
