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Will Washington's New "Millionaire's Tax" Really Affect The Seattle Kraken? (puckprose.com)

submitted 1 day ago by CombatWombat@feddit.online to c/hockey@lemmy.ca

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The Florida Panthers cup winning success had brought light to the differences in state income taxes. The Seattle Kraken will most likely no longer enjoy that benefit.

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[–] CombatWombat@feddit.online 2 points 1 day ago

You don’t know what you’ve got til it’s gone:

Ken Campbell of The Hockey News says the Kraken never took full advantage of the tax free status while they had it. Since their inception the Kraken have taking the traditional “build through the draft” approach to building a team. Those tax benefits would have been helpful in signing free agents and when those drafted young players need new big contracts, but not anymore.