{"id":4580,"date":"2017-03-03T10:04:19","date_gmt":"2017-03-03T15:04:19","guid":{"rendered":"https:\/\/lastwordonprobasketball.com\/?p=4580"},"modified":"2017-03-03T10:04:19","modified_gmt":"2017-03-03T15:04:19","slug":"demarcus-cousins-trade-orlando-magic-taxes","status":"publish","type":"post","link":"https:\/\/lastwordonsports.com\/basketball\/2017\/03\/03\/demarcus-cousins-trade-orlando-magic-taxes\/","title":{"rendered":"A Different DeMarcus Cousins Trade Could Have Made Him Millions of Dollars Richer"},"content":{"rendered":"<p><a href=\"http:\/\/www.basketball-reference.com\/players\/c\/couside01.html?utm_campaign=Linker&amp;utm_source=direct&amp;utm_medium=linker-\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>DeMarcus Cousins<\/strong><\/a> trade talk has been the subject of many rumors. One story in particular involves a trade that could have made Cousins millions of dollars richer.<\/p>\n<p>While Cousins was<a href=\"https:\/\/lastwordonprobasketball.com\/2017\/02\/20\/kings-trade-demarcus-cousins-pelicans\/\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\"> traded to the New Orleans Hornets<\/a>, we are going to look at another rumored trade that didn&#8217;t happen.<\/p>\n<h2>DeMarcus Cousins Trade Could Have Made Him Millions of Dollars Richer<\/h2>\n<p>The potential trade was between Cousins&#8217; current team, the <strong>Sacramento Kings,<\/strong> and the <strong>Orlando Magic<\/strong>. According to <strong>Bleacher Report<\/strong>, the Kings offered Cousins to the Magic in exchange for a handful of players, and Orlando declined.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Orlando Magic reportedly turned down a trade for DeMarcus Cousins earlier this season <a href=\"https:\/\/twitter.com\/Verizon?ref_src=twsrc%5Etfw\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">@verizon<\/a> <a href=\"https:\/\/t.co\/THA55atJlU\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/t.co\/THA55atJlU<\/a><\/p>\n<p>&mdash; Bleacher Report (@BleacherReport) <a href=\"https:\/\/twitter.com\/BleacherReport\/status\/832722739895083008?ref_src=twsrc%5Etfw\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">February 17, 2017<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Had the deal gone through, it would have saved Cousins millions of dollars in taxes. Sacramento is located in the state of California, which has the <a href=\"http:\/\/www.tax-rates.org\/taxtables\/income-tax-by-state\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">highest state income tax in the United States<\/a> at 7.75 percent. Cousins&#8217; <a href=\"http:\/\/www.spotrac.com\/nba\/sacramento-kings\/demarcus-cousins-6886\/\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">current contract with the Kings<\/a>, which runs through the 2017-18 season, will pay him over $35 million for this season and next. At the current California rate, Cousins will pay around $2.71 million in state income tax on that amount.<\/p>\n<p>Florida, which is the state that Orlando calls home, has no state income tax. Had the trade gone through, Cousins would have been able to save a substantial part of the money that he will now still have to pay the state of California.<\/p>\n<p>While a trade that could send Cousins out of California to another state is still possible, it doesn&#8217;t seem likely at this point. Sacramento general manager <a href=\"http:\/\/www.basketball-reference.com\/players\/d\/divacvl01.html?utm_campaign=Linker&amp;utm_source=direct&amp;utm_medium=linker-\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Vlade Divac<\/strong><\/a> has stated that <a href=\"http:\/\/www.espn.com\/nba\/story\/_\/id\/18634202\/sacramento-kings-demarcus-cousins\" target=\"_blank\" target=\"_blank\" rel=\"noopener noreferrer\">the team isn&#8217;t going to trade Cousins<\/a>, and that the Kings hope he will be in Sacramento for a long time. As his free agency gets nearer and nearer, it could make more and more sense for the team to back off of Divac&#8217;s commitment and get something for him while they can.<\/p>\n<p>If the rumors about the Magic offer are true, that would directly contradict Divac&#8217;s statement. Either way, the real loser in that scenario is Cousins&#8217; bank account.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DeMarcus Cousins trade talk has been the subject of many rumors, and one story involves a trade that could have made Cousins millions of dollars richer.<\/p>\n","protected":false},"author":413,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","sfio_featured_image":false,"sfio_embed_code":"","_ef_editorial_meta_date_first-draft-date":"","_ef_editorial_meta_paragraph_assignment":"","_ef_editorial_meta_checkbox_needs-photo":"","_ef_editorial_meta_number_word-count":"","footnotes":""},"categories":[29,17],"tags":[65,312,96,662,136,304],"class_list":["post-4580","post","type-post","status-publish","format-standard","hentry","category-kings","category-magic","tag-basketball","tag-demarcus-cosuins","tag-nba","tag-nba-trade-deadline","tag-orlando-magic","tag-sacramento-kings"],"modified_by":"Ben Kerr","_links":{"self":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/posts\/4580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/users\/413"}],"replies":[{"embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/comments?post=4580"}],"version-history":[{"count":0,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/posts\/4580\/revisions"}],"wp:attachment":[{"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/media?parent=4580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/categories?post=4580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lastwordonsports.com\/basketball\/wp-json\/wp\/v2\/tags?post=4580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}