[Alberta's Child]

New York teams have a serious disadvantage in pro sports because the state’s tax code makes it impossible for these teams to compete on even terms with their peers when it comes to signing free agents to big contracts.

In the NHL, the Tampa Bay Lightning have become a perennial contender due to a combination of good management and Florida’s favorable tax laws. Top players are willing to sign there for less money than they can get elsewhere because they get to keep more of their income there.

[tlozo]

New York teams have a serious disadvantage in pro sports because the state’s tax code

Many NY players have "residency" in other states like Florida.

Mr. Jeter, one of the highest-paid players in baseball, filed nonresident income tax returns to New York State between 2001 and 2003, claiming that he lived primarily at his off-season home in Florida, which, unlike New York, has no state income tax.

[wardaddy]

Yes but some like Yankees offset with monster tv market