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Whether you are a seasoned veteran or a rookie navigating tax season for the first time, it can prove to be an extremely stressful time of year for all professional athletes. In addition to facing the same tax requirements as others, professional athletes have several additional layers of complexity. First, filing requirements can be confusing […]

As the Los Angeles Ram’s advance to his year’s Super Bowl the State of California ends up the ones paying! INTRODUCTION When the Los Angeles Rams defeated the New Orleans Saints in overtime to advance to this year’s Super Bowl in Atlanta Georgia, Saints fans were not the only ones who mourned the loss, the […]

Agents use the term ‘tax free income’ when they discuss playing in Europe or Asia, but what do they really mean and what are the tax implications? First of all: There’s no such thing as ‘tax free.’ However, the way your income is reported and distributed may make it appear to be without tax. Here’s […]

The scorecard regarding the new tax law shows that the location of your earnings creates both winners & losers Introduction There have been sensational headlines concerning the new tax law and how it will impact professional athletes. The most obvious change with the new tax law is the lowering of tax rates for all income […]

William Nylander’s recent signing provides a multitude of lessons in the valuation of a linked contract for a restricted free agents INTRODUCTION Minutes prior to the December 1st deadline to sign, restricted free agent William Nylander, agreed to a six-year $45 million contract with the Toronto Maple Leafs. However, there are many facets to this […]

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 […]