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Lionel Messi is set to become the highest paid athlete in United States after his Inter Miami move (Twitter Image)
Lionel Messi is set to become the highest paid athlete in United States with a salary of $55m after he joins Inter Miami but how much will the Argentine actually earn?
Lionel Messi is on the verge of joining Inter Miami, the former Paris Saint-Germain superstar whose contract with PSG expired recently is due to sign an eye-watering deal with the club, which will earn him a reported salary of $55M.
Messi will become the highest-paid athlete in the United States following his move to the Major League Soccer (MLS).
Recently, Inter Miami owner Jorge Mas confirmed to select media outlets according to an Associated Press report that Messi is set to make his debut on July 21.
According to Sports entrepreneur Andre Petcash, Messi is set to earn $31.7m in net income following his move to Inter Miami.
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The largest chunk of his salary will be retained by Messi himself, whereas the Argentine World Cup winner will reportedly pay $20.35m to federal Tax authorities.
Since the 35-year-old will be playing in Florida, according to the rules of the government of the United States, he will not be required to pay any income tax to the state, further, no agent fee will be associated with Messi’s blockbuster package.
This is because his father, Jorge Messi is his agent, and therefore, unlike other agents who charge a ‘brokerage’ amount when a player signs for a club, there would be no such thing among the Messi family.
The superstar football, who is set to become the highest-paid athlete in the United States will pay around $1.64m in jock tax as well as $1.29m in medicare.
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All things considered, Messi will earn a reported $31.7m figure as his net income after his move to Inter Miami.
Lionel Messi is set to be the highest-paid athlete on US soil.And his taxes will be steep: 👀
$55M: Salary-$20.35M: Federal Tax$0: Florida Tax$0: Agent Fee$1.64M: Jock Tax$1.29M: FICA/Medicare=$31.7M: Net Income pic.twitter.com/OAROpZtzl7
— Andrew Petcash (@AndrewPetcash) June 20, 2023
The star footballer was offered a highly lucrative deal by Saudi Arabian club Al Hilal however, such is the structure of Messi’s deal with Inter Miami that he will also own equity in the club.
Furthermore, his deal will also include revenue-sharing agreements with sponsors such as Adidas and Apple.
To add to all of this, the former Barcelona forward who was close to a reunion with his boyhood club but ultimately chose otherwise also has a $25M contract with Saudi Arabia to promote tourism in the Gulf state.
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