nfl

Myles Garrett Faces $3M Tax Hit on $29.2M Option Bonus

Myles Garrett may lose almost $3 million in taxes on his $29.2 million option bonus after his trade to the Rams, as the move to California raises his top tax rate from 3.125% to 13.3%.

Garrett’s agents are exploring ways to have the bonus paid while he still resides in Ohio to avoid the jump in California tax. The 10% increase in tax would reduce his net bonus by more than $2.9 million. xsportfeed.quest