Derwin James to Lose $42M in Taxes From His $75.6M Yearly Contract

4 minutes ago

Derwin James to Lose $42M in Taxes From His $75.6M Yearly Contract

James signed a three-year, $75.6M extension with the Chargers worth $25.2M annually, including $57.5M guaranteed, making him the NFL’s highest-paid safety again. But taxes and fees could cut his yearly earnings to roughly $11.2M. Breakdown: $9.324M federal tax, $3.528M California tax, $377K FICA tax, and $756K agent fee. Total deductions: nearly $14M annually for three years.



By Nidheesh Kumar

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