Comments on: Fay Vincent has a (severely flawed) idea about how to compensate players http://hardballtalk.nbcsports.com/2010/11/29/fay-vincent-has-a-severely-flawed-idea-about-how-to-compensate-players/ Baseball. Baseball. And then a bit more baseball. Wed, 19 Jun 2013 15:12:22 +0000 hourly 1 http://wordpress.com/ By: The Rabbit http://hardballtalk.nbcsports.com/2010/11/29/fay-vincent-has-a-severely-flawed-idea-about-how-to-compensate-players/comment-page-1/#comment-94359 Tue, 30 Nov 2010 17:25:09 +0000 http://hardballtalk.nbcsports.com/?p=28434#comment-94359 I’m not sure that Vincent’s scheme avoids current income taxes.
Unless it’s a bona fide loan, an ownership share (or stock) is still compensation in the year it’s received. Taxes should still be due on its value. Even bartering is taxable.
The ownership share may be eligible for the capital gains tax rate depending when it’s sold.
There are a few creative things you might be able to do, but many wouldn’t pass IRS scrutiny.

]]> By: Panda Claus http://hardballtalk.nbcsports.com/2010/11/29/fay-vincent-has-a-severely-flawed-idea-about-how-to-compensate-players/comment-page-1/#comment-94225 Tue, 30 Nov 2010 01:53:10 +0000 http://hardballtalk.nbcsports.com/?p=28434#comment-94225 You’d almost have to add-in that no-trade clause to any contract of this type. On the other hand, it’s not like every Jeff Francoeour or Juan Uribe has to worry about getting this offer (of partial ownership).

Really, you’d only ever offer this to a few players per decade, covering the entire league. Had this been an option for Jeter about 7-8 years ago we might not be having this melodrama playing out in NY right now.

]]> By: fquaye149 http://hardballtalk.nbcsports.com/2010/11/29/fay-vincent-has-a-severely-flawed-idea-about-how-to-compensate-players/comment-page-1/#comment-94220 Tue, 30 Nov 2010 01:38:38 +0000 http://hardballtalk.nbcsports.com/?p=28434#comment-94220 I do applaud him for looking for a way to get players a bigger chunk of the scads of money ownership is making off them, though. That’s a rarity, and kind of refreshing to see from a (former) member of baseball establishment

]]> By: Detroit Michael http://hardballtalk.nbcsports.com/2010/11/29/fay-vincent-has-a-severely-flawed-idea-about-how-to-compensate-players/comment-page-1/#comment-94218 Tue, 30 Nov 2010 01:05:44 +0000 http://hardballtalk.nbcsports.com/?p=28434#comment-94218 Regarding how much Albert Pujols might earn annually, here’s an even higher guess from economist J.C. Bradbury:
http://www.sabernomics.com/sabernomics/index.php/2010/11/albert-pujols-the-first-40-million-man/

]]> By: Paul http://hardballtalk.nbcsports.com/2010/11/29/fay-vincent-has-a-severely-flawed-idea-about-how-to-compensate-players/comment-page-1/#comment-94209 Mon, 29 Nov 2010 22:59:02 +0000 http://hardballtalk.nbcsports.com/?p=28434#comment-94209 I don’t see it being that big of an issue… surely any player that would be getting an ownership stake would also have a no-trade clause in his contract?

]]> By: Ryan Lansing http://hardballtalk.nbcsports.com/2010/11/29/fay-vincent-has-a-severely-flawed-idea-about-how-to-compensate-players/comment-page-1/#comment-94202 Mon, 29 Nov 2010 22:24:10 +0000 http://hardballtalk.nbcsports.com/?p=28434#comment-94202 If the answer is a way for millionaires to pay lower taxes than they already do, you’re asking the wrong question.

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