On Monday, we posted our 2011 Super Bowl Party/Event Primer, listing many of the popular parties and events taking place in Dallas, Texas surrounding this Sunday’s Super Bowl between the Pittsburgh Steelers and the Green Bay Packers. While I have not left the friendly confines of the South Florida 75 degree weather, Sports Agent Blog […]
Category: Sports Business
In June 2009, I was writing about Lon Rosen leaving William Morris Agency (WMA) to join Blue Entertainment Sports Television (BEST). A long time ago, Rosen was hired by WMA to develop a sports marketing division. One of his early clients was Magic Johnson. Before signing with WMA, Rosen was with Endeavor Agency. When WMA […]
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It sure seems like tax season here at Sports Agent Blog. Here are tax related posts that have been published in the month of December: Cliff Lee Thinking About Texas Taxes Did Taxes Have A Role In Cliff Lee’s Decision? Agent Fees Often Raise A Red Flag To The IRS After writing the IRS post, […]
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It’s Good For The Game!
This is a guest contribution from Matt Cohen, who recently completed an internship with Max Eppel Soccer Agency LLC and is currently engaged by Cassius Management’s Sports Division (www.cassiusmanagement.com) as a US intern. He lives in Southern California and has experience in the soccer market securing playing contracts and endorsement deals for players. As I’m […]
Yesterday, it was announced that the Major League Baseball minimum salary in the 2011 Championship Season will be $414,000. It is a $14,000 raise over the 2010 minimum. Article VI of the 2007-2011 MLB Collective Bargaining Agreement (referred to as the “Basic Agreement”) deals with player salaries. Specifically, Section B of the Article contemplates Minimum […]
Monday’s post about Cliff Lee’s taxes created quite an interesting discussion in the comments section. Off of the site, I had a good conversation with Robert Raiola, a CPA at Van Duyne, Behrens & Co., P.A. Raiola helps many athletes with their taxes and provided great insight to Darren Rovell of CNBC in his piece on Cliff Lee […]
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What HBO Means for the NHL
We’ve all heard of HBO’s “Hard Knocks” and perhaps seen some of Rex Ryan’s tirades during the New York Jets’ most recent pre-season. The Jets received substantial publicity from being featured on HBO. For several months now, HBO has been advertising the next show to feature a look “inside” a professional sports team. Starting on […]
It would be silly for Cliff Lee and his team of advisors to not take into consider the tax consequences of signing a long-term contract. Lee is looking to sign a 7-year contract, which will lock him up in a certain locale, where he will play all of his home games and likely be taxed […]
Section 3 of the United Football League’s (UFL) Uniform Player Contract states the following: Player acknowledges and agrees that he may only receive a Release pursuant to this subparagraph (b), upon payment of One Hundred Fifty Thousand Dollars ($150,000.00) (the “Release Fee”), to be paid to Management by Player, the NFL, and NFL Club or any […]