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 […]
Blog Posts Tagged with "NHL"
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 […]
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 […]
Jurisdiction’s income tax policies push athletes and Unions to fight back On February 4, 2007, in the biggest game of their respective lives, former Indianapolis Colt All-Star center Jeff Saturday and Hunter Hillenmeyer, a linebacker with the Chicago Bears, squared off against each other in Super Bowl XLI. Six years later, the two players now […]
Authors Alan Pogroszewski and Kari Smoker examined this very question in their recent law review article and conclude that it is. Marquette Sports Law Review May 31, 2013 In July of 2009 the state of Tennessee imposed a Professional Privilege tax on athletes performing services in the NBA and NHL. Those athletes are assessed a […]
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. ...