He would pay his agent 10%, his business manger 8% or so. The Fedral taxes are 38%. State taxes are horribly complicated because every state you play in gets their cut.
So, let’s call his salary $50 million. He probably nets about 35%. That’s about $17-20 million. Not horrible, but it’s still a lot less than people think.
Yes and most people don’t realize it. That’s a shame.