Washington State's New Tax Threatens Pro Sports Teams
Seattle News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Proposed State Income Tax Threatens to Disrupt Pro Sports Recruiting in Washington
The Seattle Seahawks general manager, John Schneider, expressed concern about a proposed state income tax on earnings over one million dollars a year, which could significantly impact recruiting efforts for pro sports teams. The tax, set to take effect in 2026, would place most free agent deals in the tax zone, as the NFL minimum salary for players with one year of experience hits one million five thousand dollars in that year. This development has already caused agents to worry about losing Washingtons no-tax appeal for big contracts and has led to the Seahawks signing only two one-year free agent deals since the new league year began. The team is likely holding cap space for extensions to young stars like receiver Jaxon Smith-Njigba and cornerback Devon Witherspoon. The proposed tax change has also raised alarms among past Seahawks salary cap experts.
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