Myles Garrett Faces $3M Tax Loss on Option Bonus

As the Cleveland Browns trade Myles Garrett to the Los Angeles Rams, the player’s $29.2 million option bonus is set to be paid just before the regular season starts. Because the bonus will be paid while he is a California resident, his top tax rate jumps from 3.125% to 13.3%, wiping out more than ten percent of the payout – roughly $2.9 million. Garrett and his representatives are reportedly looking into ways to structure the payment so it is treated as an Ohio disbursement, hoping to preserve the after‑tax amount. The move comes as the Rams consider adjusting his contract to close the pay‑gap with teammate Will Anderson. sport-newz.biz