Baseball, Taxes and the $200 Million Dollar Man
Max Scherzer recently signed an unprecedented contract with the Washington Nationals in which he will be paid $210 million over 14 years. Multiple teams were vying for one of the league’s top pitchers, but the Nationals were the ones who were eventually able to woo him. There were probably multiple reasons (roughly 210 million if I […]
MLB Player Settles Bill with IRS (Update)
A few weeks ago I mentioned former MLB player Darryl Strawberry’s ongoing issue with the IRS. In short, he owed the IRS, so the IRS announced it would auction off the rights to his deferred compensation. The auction began at $550,000 and concluded yesterday. The highest bid? $1.3 million. This equates to the full value of the annuity […]
MLB Player Settles Bill with IRS
Former baseball outfielder Darryl Strawberry failed to pay over $540,000 in taxes from 1987-1990 and over $80,000 from 2003-2004. Strawberry acknowledged that he owes the IRS, but refused to liquidate property in order to settle the debt. The IRS took the case into their own hands and decided to auction off the right to Strawberry’s […]
