Arik Armstead has been a beast in tackling for the San Francisco 49ers. However, when it comes to tackling his taxes, it appears to be a different challenge for the DT. In a recent revelation, a cheque from his recent games sparked intense chatter among the NFL community.
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The 49ers Defensive End had his contract restructured this season. Before it underwent the changes, Arik Armstead received around $390k for every game. This included a take home salary of almost half of the original amount, as he had to pay a whopping 49.3 percent in tax.
49ers defensive end Arik Armstead shares a game check.
He makes $393,055 a game.
49.3% comes out in taxes. pic.twitter.com/y3X7MBTpEU
— Darren Rovell (@darrenrovell) November 3, 2023
The post was directed at one of the harshest tax regimes in the State of California, which made the defensive tackle lose almost half of what he earned in a week. It emerged as quite a shock for those who were unaware of the tax regime and an upset point for those who thought the rates were quite high. As soon as the post made it to X, fans went into a frenzy expressing their comparison with teams in places that have no tax on income.
A frustrated fan wrote,
No one should have to pay half of their income to the government no matter how wealthy. Keep in mind that with whatever he has left, he has to pay taxes on virtually every other transaction he makes. Gas tax, property tax, sales tax, cell phone tax, hotel room tax, alcohol tax,…
— Mark A Boyle (@markboyle0714) November 3, 2023
Another fan chimed in, noting how other states do not impose such hefty taxes, commenting,
Look at those state taxes 🤮 Meanwhile? if he played for the Cowboys, Texans, Titans or any team in a state with no income tax …..
— Jason Dambach (@dambach76) November 3, 2023
However, some also supported the regime with ‘Tax the Rich’ comments, calling it ‘normal’.
What’s the problem? Tax the rich. He’ll get a nice return too I’m sure. Better off than 98% of humans, enjoy your money
— Mark Krick (@markkrick) November 3, 2023
Another fan concurred and wrote,
This is how bonuses are taxed. The line item is listed as a Signing Bonus. This is normal. The amount isn’t lmao…
— Philly Sports – Love & Pain (@PHLSportsPain) November 3, 2023
A reliable weapon on the defense, Armstead has recently restructured his contract with the Niners in order for the team to make room for cap space.
Arik Armstead Agrees to a Restructured Deal with the 49ers
Arik Armstead played only 9 games in the 2022 season, however this season, he has already stepped into the field for eight games. The star DE signed a 4-year contract with the San Francisco 49ers in 2020, with $40 million guaranteed at signing, according to Spotrac. However, Armstead later agreed to a restructured deal with the team, which now comes down to a $390,000 weekly payout before tax.
In 2023, the star DE will earn a base salary of $1.165 million, a restructure bonus of $14.725 million, and a workout bonus of $100k. Notably, he will carry a cap hit close to $12 million, and a deep cap value close to $37 million.
The Niners started this season off with a terrific 5-game winning streak, but they are now struggling to maintain their footing. They are set to take on the Bengals next week, and the anticipation has reached fever pitch. Which team do you think will take home the victory?
