They are employees so it is a salary/wage.

You can't setup structures when you work as an employee as it falls under the PSI rules which means you can't income split. You don't know what you're talking about.

Going back to the main point - no one knows salaries as legit inside info on here has really dried up. It has gotten to the point where a troll said $400K and everyone is taking the piss with it since then.

You only have to know some off the agents to get the idea of some players, the kings, United all chased Kay with good offers and he rejected them for more money in Perth, good business on Kay's agent behalf. 1.2 million over three years, you work it out. Bench players normally earn between 45g and 100g depending on how many big name locals you got on the team. Some of the college kids coming back with big reputations could stretch to 120g with a good agent and if you’re a piece required by clubs.
Some posters will refute this but it’s on the money, believe it if you wish or take it with a grain of salt but it’s accurate.

If Kay really got $1.2mil over three years #686051 then I believe the Cats have jumped the shark. Or if other clubs were close then the whole league has.

Every player is just on $400k according to the forum.

I can tell you, for an absolute fact, that Kay is getting nowhere near $1.2M.

how would "Knowing an Agent" help you? If said agent even cared enough to answer your question, what possible incentive would they have to be accurate? Obviously they are going to talk it up.
Like it or not, Accountants run the world, they're the ones you need to talk too.

And to answer the OP's other question, well yes, there are ways and means.
Basketballers have two big advantages over their AFL counterparts. Firstly, given tje international and transient nature of some of tje players, clubs argue correctly that it is "industry practice" to provide accommodation, transport, flights, etc, and its all FBT free. Kay has the option of staying at the mansion, or if he has a partner they'll rent him a bloody flash house or apartment. They'll provide him with a car or service, meals and clothing allowances, and free flights.
The other advantage is that unlike the AFL, the NBL isn't as picky about arrangements outside the cap. There has been more than one WAG employed by the team.

And yes, there are other "legal" ways to effectively defer income tax, which is particularly beneficial for athletes that have limited peak earning spans.
And its legit. Even the courts have upheld it. The ATO is aware of the loophole, but last I heard there has been no change to the law.
Put simply it involves your employer investing money into a future annuity on your behalf.

Hahahahaha, idiot that said Kay 1.2 is so far off the mark it's scary. Please don’t post ever again, as I’m now dumber after reading the stupid sum of money for which you have no bearing or clue.

Even AFL use a certain allowance to pay players tax free to a defined limit. No need to be an international sport.

#051
He's on the money, Kay is the piece that nbl clubs need long term and is Australian.

Remember there is a minimum too. If "your mate" was earning $20k whilst at Uni then he is being ripped off. Assuming he was a listed player. DP's don't even get paid.

In the past DPs were being paid below the minimum and clubs were getting away with it when the league was struggling hence that story.

^ what is Cadee's salary?

There might be posters who are "in the know" but that doesn't mean they are being truthful about what they post 100% of the time, or not posting with an agenda in mind.

Boti is considered to be “in the know” but has often distorted the truth (or completely made stuff up) when it suits him so you can’t blindly believe what those insiders say every time.

So 20 years ago Cadee was indeed on good money.
Minimum is now $42K? I believe.

Minimum is $42k and $10k for dp but clubs can contribute in other ways, accomodation, food etc.

Face palm to most of the comments in here about salaries. The players salaries in the NBL shouldn't be posted, as players in such a small league would definitely have issues as would clubs. And to say it’s a disgrace the salaries aren’t posted is crazy. It’s not the NBA, so don’t compare it.

LV you are talking crap. Are you suggesting that "even the ones who are 9th-11th men" will earn a decent income and "then he'd be earning 6 figures" Get off the crack. Do the real research about your family friend because they are talking smack.

There are players in the NBL that play less than 5 minutes a game that are on over 100k per annum

Wage reality has popped in the NBL

The man on the street has NFI what FBT is. LV not everyone is an accountant like you.

Mostly it is done via allowances as you said.

Accommodation is usually not paid by the player.
If a player is contracted and earning ove $100k for 5min+ it shows you the stupidity of that NBL club.

Maybe 6-7 years ago, a player came to Melbourne from Europe and was the highest paid player on the team. He was about #8 or #9 in their rotation.

You never truly know what players are paid. You can predict and guess at their worth, but that is not the same as the number on their contract. It's a market and prices are volatile.

Some players will take discounts to play in this league, play in a particular town, live in a particular city. And some choose to get as much as they can while they can still get it. And some refuse to quit until no one will sign them anymore.

Good luck to them all. If they got it, they earned it!! I just want to be entertained.

"This means that accommodation or any other benefit would attract FBT"
Not in this case.

Firstly, for accommodation to be a defined benefit, it must be the employee's regular place of residence. So "in theory" a local player would get caught, but somebody who claims their residence is elsewhere does not.
Any residual is covered under the "otherwise deductible" rule.

Even for locals, or others who choose to move their families and make a home in the new city, there are developers and builders (aka "Sponsors") happy to help out. The tax law there is a bit iffy. If a developer builds a block of apartments, and chooses to sell one well under market value (to somebody who is not their employee), that is not a Fringe Benefit, and whilst in theory it should be captured somehow as accessible income, it rarely is.

There's also a reason Teams do sponsorship deals with Car Companies, although Hyundai is scraping the barrel.