2014 NFL draft took place over the weekend for the outgoing
college football seniors and early entrants, giving many college
athletes big pay days. Of course, big pay days means big
Here are some statistics about the top ten draft picks for
the 2014 season.
Clowney, the hard-hitting defensive end from South Carolina,
was not only the winner with the overall
#1 pick, but he also managed to have the lowest blended income
tax rate of 40.5% of any of the top ten draft picks. The
winner (or loser) for highest blended tax rate, actually went
Mack, who was drafted 5th overall by the Oakland Raiders.
His blended tax rate was 46.22% for an estimated tax liability
football players are required to
pay state income taxes in each state they play in a game.
These taxes are prorated base on 1/16th of their annual salary
bonuses. Each team plays half their games at home and the
other half at other opponents’ stadiums. Each stadium’s home
state income tax rate varies, and some states, including
Texas who took Jadeveon Clowney, do not have a state income
tax. In fact, Jadeveon Clowney will only play 5
games out of 16 in states with an income tax!
are some estimates on
the top-ten draft picks taxes based on estimated contracts:
Robinson, the Auburn offensive lineman, will pay the
most tax of anyone in the top ten. His estimated 2014
tax liability is $2,349,731
Bortles, the #3
overall pick, will have the second lowest blended income
tax rate at 40.8%.
Mack, will pay $350,080 in just state income taxes! Sammy
Watkins who went #4 overall to the Buffalo Bills was second
addition to these estimates, each player will pay Medicare
tax of 1.45% on their entire
Social Security of 6.2% on the first $117,000 ($7,254) plus an additional
0.9% Medicare tax on all wages in excess of $200,000.