Blog Posts Tagged with "Alan Pogroszewski"

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 […]

With a rash of suspensions and fines among NHL players this past month, we explore the tax consequences of these two forms of punishments Over the past month, the NHL has taken several disciplinary actions against its players resulting in both suspensions and fines.  In late January, Boston Bruins Forward Brad Marchand was fined $10,000 for […]

Even though Tom Brady lowers his non-resident tax by over $20,000 by playing in this year’s Super Bowl in Texas, his home state of Massachusetts will make him pay, win or lose Although all income is subject to federal tax, where the bonuses from this year’s NFL playoffs and Super Bowl becomes interesting, is at […]

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 […]

For DeAndre Jordan and LaMarcus Aldridge returning home to Texas could provide substantial tax savings DeAndre Jordan and LaMarcus Aldridge both grew up in the Texas, played their college basketball in the state and over the past week they have contemplated returning home. With Aldridge choosing to sign with the San Antonio Spurs over the […]

St. John Fisher College Assistant Professor and AFP Consulting President, Alan Pogroszewski has been selected as a poster presenter at the 2015 MIT Sloan Sports Analytics Conference (SSAC).  Pogroszewski’s paper entitled MLB Jock Tax Index: Quantifying the Monetary Value in After-Tax Dollars, was selected as one of twenty finalist in the Research Paper Competition and […]

Even though fines are deductible and will lower an athlete’s taxable income, Lynch’s fines by themselves fall under the 2% threshold and won’t provide him any tax benefit. This past week Seattle Seahawk running back, Marshawn Lynch was informed that the NFL wouldn’t fine him for wearing a hat with his “Beast Mode’ logo during […]

Max Scherzer’s new seven year $210 million contract is a good example of how proper tax planning in a negotiation can increase its’ overall net (after tax) value. Much has been made of the resident and non-resident tax liability that professional athletes face in the multiple states and cities in which they preform services.  Often […]

On July 1st when Tom Gilbert left the Florida Panthers to sign with the Montreal Canadiens he went from one of the lowest taxed organization in the NHL to the highest. This past summer, 138 NHL free agents changed teams.  While each of the player’s salary were registered in gross dollars, teams and players need […]

LeBron James and Tim Duncan, by playing against each other in this year’s NBA Finals have lowered their ‘jock tax’ burden and if the series goes the full seven games they will lower them even more. States that enforce non-residence income tax – also referred to as a ‘jock tax’ – allocate an athlete’s income […]