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 […]
Blog Posts Tagged with "jock tax"
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 […]
Tax Index The Jock Tax Index (JTI), presented at the 2015 MIT’s Sloan Sports Analytics Conference and featured on Bloomberg Television’s Market Crashers, is a proprietary tool which allows both teams and player representatives involved in contract negotiations to compare the true value of any potential contract proposal to the same monetary offering from every […]
Peyton Manning is going out in style with two last wins. One over the Carolina Panthers in the Super Bowl and the other over the California Tax Board. Situation: This past off-season, Peyton Manning restructured his contract and converted a portion of his base salary into $4,000,000 in performance bonuses. By winning the Conference […]
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 […]
John Scott may have been an unwanted guest at the NHL All-Star Game this weekend, but he left with the game’s MVP award and a share of his team’s million-dollar bonus check – now the question remains who else will get a share of his winnings? SITUATION This past weekend, NHL All-Stars competed in a […]
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 […]
It might surprise you to see which states could Benefit with a Denver Broncos Win over the Patriots in the AFC Championship Game On Sunday, should Peyton Manning play in over 70% of his team’s offensive plays and pull off an upset win over the New England Patriots in the AFC Championship game he could […]
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 […]
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 ...
AFP Consulting LLC has had the awesome privilege of working with a handful of sport professionals from many different sports. ...