null 

October, 10, 2005
10/10/05
5:03
PM ET
TAX BREAK
There are always little details hidden in big contracts. As such, there are few small (or maybe not-so-small) items in Ilya Kovalchuk's new deal with the Thrashers.

Kovalchuk will get paid $6.5M in the first season of the five-year deal. However, the payout is interesting. He gets an immediate $3M signing bonus and $3.5M in salary. The $3M bonus is significant for Kovalchuk, because, as a nonresident in the state of Georgia, he'll pay no taxes on that money. If Kovalchuk had received the entire amount in salary, he'd be taking home substantially less money.

To continue reading this article you must be an Insider

SPONSORED HEADLINES