speaking of cash, Negreanu just tweeted this gem
Phil Laak noticeably missing from the celebration
wow man..thats sick...125 k here ya go
This guy busted in the 1 drop, wishes they had rebuys
https://twitter.com/BrokeLivingJRB/status/220186788134797312
Why does everyone think since Phil Laak is good buds with Antonio that he must be at the final table railing him at the One Drop?
I mean sure their is a good chance someone whose a close friend will do that but we shouldn't be automatically assuming their is a fallout if they aren't there imo.
Best case scenario...$18 million - $1 million -($17 million divided by 2) = $8.5 million - 40% taxes (about $3.5 million) = about $5 million.
That is if Antonio Esfandiari owned 50% of himself.
If he had 20% of himself (say he sold 80% at a 1.1 markup that would leave him with 20% of himself for $120,000) it works out as:
$17.3 million profit x .2 = 3.46 million. Taxes will be done at the end of the year but he can post the buy-in and other costs as expenses (for the entirity of his year), probably ends up paying about 30% federal (Nevada has no income tax), so $3.46 x .7 = $2.42 million, and that's for 20% of himself. Even if he is in top bracket of 35% it's still $2.24 million.
If he had 50% I think he pockets $5.6 million, and probably closer to $6 million considering the charity deductions and so on. But I think the win is worth at least $2 million more based on sponsorships and other opportunities that will present themselves. He probably had a decent piece of Rast as well as I'm sure they swapped percentages, so their is another $50k-$100k
Based on his reaction it seemed that Antonio was doing well, but not wealthy, maybe worth mid six to low seven figures total. A couple million changes everything for him if this is the case
I write things about poker at my Poker Blog and elsewhere on the Internets
Here's an interesting question about the 111k that goes to charity:
The people who bought pieces of players, such as Antonio, does their % count towards the % that went to charity and can thus deduct it or does the donation count purely as a donation from the player that played?
on the one hand, im like 'holy shit laak wasnt there, thats his boy..'
on the other hand, im like ok, they actually do have the type of friendship where laak could be like 'we will hang out after, i dont like being around those vampiric scrub pokerfags'.
also, phil helmuth is straight up jacking druff's swagger and i dont care if it was mentioned before in this thread, youre fucking nuts if you think im going to go back and read a poker thread.
Shortbuspoker-Phil Laak noticeably missing from the celebration
Me- What happened, did they break up?
You implied it, I was just asking if there was a story I hadn't heard.
I 100 % agree though, it does seem like they have been joined at the hip for the last 10 years.
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