Potential Tax Impact on Seattle Seahawks
The general manager of the Seattle Seahawks has expressed concern over new tax proposals by Democratic lawmakers, suggesting that these changes could complicate the team’s efforts to recruit new players.
This Wednesday, the Washington State Democratic Party approved a proposal that aims to introduce a 9.9% state income tax on individuals with high earnings. The measure now awaits the governor’s approval to become law.
“This will pose a significant challenge from a recruiting perspective.”
In a radio interview on Thursday, general manager John Schneider pointed out that if the tax is enacted, teams will lose a competitive edge in attracting talent from high-tax areas, thus impacting not just the Seahawks but other sports franchises in Washington.
“It’s always a competitive advantage to recruit players away from teams in California, where taxes are steep. This could really change things for us,” he mentioned.
He added that some agents have reached out to him with messages indicating that players may be reconsidering their options. “I’ve had texts saying, ‘Guess what? You might not be on the list anymore,’” Schneider noted.
Democratic Governor Bob Ferguson has stated his intention to sign the tax legislation. While legal challenges are anticipated, the tax would start affecting new revenue in 2029.
“Honestly, it’s going to hurt. There’s no question about that,” Schneider reiterated.
This “billionaire tax,” which targets those earning over $1 million, also applies to free agents considering contracts with the Seahawks. It’s relevant because, as of 2026, the minimum NFL salary for players with at least one season under their belt will exceed $1 million.
Critics of the legislation caution it could drive affluent individuals and businesses to relocate to more tax-friendly states, effectively taking their earnings with them.
Interestingly, billionaire Howard Schultz recently announced his decision to leave Washington, moving to Florida, where there is no state income tax. While he didn’t cite taxes as the explicit reason for his departure, the timing is notable.
It’s worth mentioning that the Seahawks clinched the Super Bowl title in February, triumphing over the New England Patriots with a score of 29-13.
