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 "NHL"
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 […]
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 […]
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 […]
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 […]
Economic forces hinder Canadian NHL Teams Introduction For the first time in almost fifty years, Canada has failed to send one of their seven NHL franchises to the Stanley Cup playoffs. With that, it can be expected that Canadian based teams will be looking to make a big splash this off-season when several top tier […]
Eric Staal’s quest for his second Stanley Cup comes at a cost of $68,809 to him. Introduction This past Monday’s NHL trade deadline and the days prior to it provided us with multiple players exchanging teams. Whether it was a contender adding the last piece of the puzzle or a prospect being sent back in exchange, […]
As free agency approaches, the Stamkos watch is on. INTRODUCTION With the Los Angeles Kings extending Anze Kopitar’s contract for eight years at an annual average value (AAV) of $10,000,000, the extension places Kopitar equally between Evgeni Malkin of the Pittsburgh Penguins $76 million, eight-year contract and Chicago Blackhawks teammates, Jonathan Toews and Patrick Kane […]
Illinois’s tax policy causes nearly a million dollars in tax savings for Jonathan Toews and Patrick Kane INTRODUCTION Nonresident taxation on professional athletes gained national attention in the early 1990s as Illinois retaliated against California’s nonresident tax on Michael Jordan and his Chicago Bulls teammates following their 1991 National Basketball Association (NBA) Championship against the […]
There is good reason for Ryan Johansen to smile as his trade to Nashville increased the net value of his contract by $353,504 Although the NHL trade deadline is still over a month and a half away (February 29), a few teams opted to position themselves early, as evidenced by several trades that took place last […]
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. ...