Bryce Harper will save millions in taxes by signing with Phillies instead of Dodgers, Giants: report – Fox News

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Bryce Harper will save millions in taxes by signing with Phillies instead of Dodgers, Giants: report – Fox News

Superstar slugger Bryce Harper in signing with the Philadelphia Phillies last week — instead of the Los Angeles Dodgers and San Francisco Giants — will reportedly save tens of millions in taxes.

The reason is that California has the nation’s highest state personal income tax rate, topping out at 13.3 percent, the Los Angeles Times reported Thursday.

Pennsylvania, on the other hand, has a low flat rate of 3.07 percent, according to the newspaper.

DC DOUGHNUT SHOP WANTS BRYCE HARPER BACK IN WASHINGTON NATIONALS, OFFERS HIM FREE DOUGHNUTS FOR LIFE

In the largest free-agent deal in the history of North American sports, Harper signed a 13-year, $330-million contract last week with the Phillies, declining the Dodgers and Giants.

“With a contract of that magnitude, it’s dramatic,” Scott Boras, Harper’s agent, said of the taxes, according to the Los Angeles Times. “It could be almost a full year’s compensation.”

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The Giants reportedly offered 12 years and $312 million, but were told they would need to up the ante to compensate for California’s tax hit. The Dodgers reportedly offered fewer years, but higher annual salaries.

“The Giants, Dodgers and Padres are in the worst state income tax jurisdiction in all of baseball,” Boras told the paper. “Players really get hit.”

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