Myles Garrett faces nearly $3 million tax hit on bonus relocation
Yahoo Sports • 1 min read • Latest: Jun 2, 2026, 1:38 PM
Last updated Jun 2, 2026
Myles Garrett, now a defensive end for the Rams, could lose approximately $2.9 million in taxes on his $29.2 million option bonus due to his move from Ohio to California. This shift raises his tax rate from 3.125% to 13.3%. As he prepares for the relocation, Garrett is taking steps to explore options for classifying the payment to minimize tax obligations. Currently, the bonus is due seven days before the start of the regular season. This situation comes after Garrett sacrificed $1 million by foregoing his offseason workout bonus.
- •Garrett's tax rate increases from 3.125% to 13.3% upon moving.
- •He may try to classify his bonus as an Ohio payment.
- •Option bonus due seven days before regular season starts.
- •Garrett previously sacrificed $1 million in offseason workout pay.
- •Contract rework could benefit Garrett financially.
- 1:38 PMYahoo Sports — Myles Garrett's could lose nearly $3 million in taxes on his option bonus
"New Rams defensive end Myles Garrett may wish he'd gotten his $29.2 million option bonus when it was originally due.
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