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 […]
Blog Posts Tagged with "Alan Pogroszewski"
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 […]
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 Associate 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 […]
January 1, 2012
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- MLB Jock Tax Index: Quantifying the Monetary Value in After-Tax Dollars
- International Tax Requirements for Athletes
- My Tax Accountant Says I can Deduct My Hot Tub. He’s The Expert – Should I Question Him?
- Professional Athletes in High “Jock Tax” States pay the Price Under the New Tax Law
- William Nylander’s $45M Contract Takes Big Hit from NHL Escrow & Jock Tax
Abstract The Jock Tax Index (JTI) is a new proprietary tool and has been featured in “Off the Charts” by Scarlet Fu on Bloomberg Television’s ...
AFP Consulting LLC has had the awesome privilege of working with a handful of sport professionals from many different sports. ...