Really?
Sources: LeBron James, Dwyane Wade, Chris Bosh sign with Miami Heat for $15M less each - ESPN
He signed a contract worth $110.1 million, reported to be $15 million less than the max. That means he actually signed for 88% of the max deal. Unless the Ohio Income Tax is 12%, he took less money. All three of them did. According to the Ohio government website, the highest tax bracket (over $200K) is 6.24%.
By the way, you guys in Ohio get sort of screwed by your tax structure. Income tax and estate tax are two that we don't have in Florida. Aside from property taxes, Florida's tax structure is better in every way. Unless you're poor. (We make up the difference in sales tax, which is regressive.)
While searching for details of the contracts, I found this article which makes me understand a little better why Cleveland is feeling more betrayed than seems reasonable. The author goes all the way back to Lebron's high school days.
Fooled by a 'different' LeBron James? You're not the only one: Terry Pluto | cleveland.com