![]() In 2018 it was reported that each World Series winner receives 400K, as well as a championship. With three young children, it’s possible that Freeman wishes to make California-a state to which he has been connected from birth-his “home,” even with the accompanying tax burden. According to the sites Wealthy Gorillas and Celebrity Net Worth, Freddie Freeman has a net worth of 40 million in 2022, although this information was released before the first baseman won the World Series, so that figure may have risen. ![]() Considering his salary, it’s no surprise the baseball player has been estimated to have a net worth of 40 million in 2021. According to the Bleacher Report, this averages to about 16.8 million per year. It requires meeting several hurdles as determined by state law, including spending enough days in the state. In 2014 Freddie Freeman signed a 135 million contract with the Atlanta Braves, which secured his Braves’ spot during the past eight years. But establishing residency in a state is not a simple endeavor. It’s also possible that Freeman could attempt to establish residency in a state without income taxes, such as Texas or Florida, to mitigate his tax burden. They include potential changes to federal, state and municipal tax laws, deductions for agent fees and other business expenses, and additional forms of income. He was selected by the Atlanta Braves in the second round of the 2007 MLB Draft. There are a variety of factors and unknowns that will, or would, impact the actual dollar amounts. The five-time All-Star joins a Dodgers squad that is aiming for a strong World Series run. The Braves just traded half their farm system slight exaggeration, but only slight for Matt Olson. However, because to the team’s unwillingness to pay him, he signed a six-year, 162 million contract with the Los Angeles Dodgers in free agency. To be clear, these projections are estimates. Freeman wanted to stay with the franchise that had selected him. In that scenario, Freeman would have paid approximately $9.32 million in state income taxes, or about $12.23 million less than if he resided in California. ![]() This is because his residency in California would subject his Braves earnings to California taxes.īut if Freeman had signed this same contract with the Braves while also residing in Georgia, where he has lived during the baseball season and which imposes a 5.75% tax on (jointly filed) income exceeding $10,000, he would have seen real savings. If Freeman had signed the identical contract with the Braves, while maintaining a California residency, he would still pay the same projected amount-$21.55 million-in total state income taxes, including to California and Georgia. Assuming Freeman, who was born and raised in California and who for years has resided there during the offseason, is a California resident, we estimate he’ll pay about $21.55 million to California. By signing with the Dodgers, Freeman will pay California’s 13.3% tax on income that exceeds more than $1 million per year.
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