Lakers’ D’Moi M. Hodge earning an extra $500K after NBA Cup win
With the Lakers winning the NBA Cup, they now are set to receive $500,000 each as prize monies. The 3 two-way players on the roster, Colin R. Castleton, D'Moi M. Hodge, and Alex Fudge are also set to benefit from the bonus.
Taxes severely cut Hodge's take home $$
However, the State of California will reportedly reduce the players' bonuses after the state taxes. The players are set to take home only $231,000 of the $500K. This means they’d lose nearly 54% of their bonus money on taxes.
The three players had minimal impact on the Lakers' effort to win the NBA Cup, but per the tournament's rules, each of them will receive a $500,000 bonus for the championship.
Normally, under the Collective Bargaining Agreement, the three players each will receive $559,782 for the 2023-24 season. With the bonus, their earnings will total $1,059,782 before taxes.
Behind Anthony Davis' 41 points and 20 rebounds, the Lakers rolled past the Pacers 123-109 to win the inaugural NBA Cup on Saturday night, December 9, 2023.
On average, the three players contributed, in total, 5.4 points to the Los Angeles Lakers per game this season.
Hodge made history for the VI as the first [British] Virgin Islands Basketball player to sign a 2-way contract with Los Angeles Lakers to play in the NBA.
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