INTRODUCTION John Tavares, the top prize in this year’s NHL free agent market, chose to sign with the Toronto Maple Leafs over five other teams on July 1st to live out his “childhood dream.” Tavares, whose contract is reported to be $77 million over seven years, chose Toronto after having narrowed his prospective options to […]
The Buffalo Sabres may have won the NHL Draft lottery however their draft selection Rasmis Dahlin was not as lucky Introduction This year’s entry draft was held in Dallas, Texas. Although there is no state income tax in Texas, players selected this past weekend will in nearly all cases be subject to it as they […]
Regardless of where Kirk Cousins signs this off season, it provides an example, once again on how the ‘jock tax’ can affect the net (take home) value of a contract. With Kirk Cousins set to become the first high profile quarterback to test the free agent market since Peyton Manning in 2012, his sights are likely set on […]
Jimmy Garoppolo’s five year, $137.5 million contract is being touted as the largest contract signed in National Football League (NFL) history, however a closer look at the contract indicates that it falls just short of David Carr’s and substantially below that of Mathew Stafford’s recently signed deals when comparing the the three contracts in terms […]
Introduction As Tom Brady leaves Minneapolis empty handed following a disappointing loss to the Philadelphia Eagles in Super Bowl LII (52), he soon could be met with a substantial tax bill from the State of Minnesota to be paid next April 15th. All athletes are subject to the jock tax, but it should be noted […]
Introduction When taxpayers from Minneapolis and the state of Minnesota contributed $498 million of the $1.027 Billion to build US Bank Stadium, they envisioned days like Sunday, when the stadium will be the location of Super Bowl LII (52). However, the 66,665 fans in attendance and a worldwide television audience will not be the only […]
Now that the House and Senate’s Tax Bill has been signed into law, its time to take a closer look at what the numbers reveal for professional athletes. Introduction The most obvious change with the new tax law for professional athletes is the lowering of tax rates for all income levels. Though everyone will be affected […]
The end of 2017 has seen a flurry of activity as both the House of Representatives and the United States Senate passed tax reform Bills. Both Bills have been promoted as providing tax relief and simplification to individuals, small business and corporations. The House of Representative’s Bill entitled The Tax Cuts and Jobs Act was […]
Last Thursday, the Houston Astros clinched their first ever World Series and they were aided by a deadline deal in which they acquired Justin Verlander from the Detroit Tigers. Both the Astros and Verlander were rewarded with a World Series championship, however Verlander also received a potentially unforeseen monetary reward for his efforts. By finishing the season […]
Introduction This year’s NHL Draft will be held in Chicago at the United Center with Nico Hischier, Nolan Patrick and Gabriel Vilardi vying for the honor to be selected first overall. Although there may be no way to measure the value in being selected first overall, the consolation prize for not being selected first or […]
INTRODUCTION John Tavares, the top prize in this year’s NHL free agent market, chose to sign with the Toronto Maple Leafs over five other teams ...
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