Tax,
Entertainment & Sports
Feb. 25, 2019
Uncle Sam scores in the NFL’s settlement with Kaepernick,too
If the rumored settlement range is true, that’s a nice payday. But how much the lawyers take, and how much taxes take, should be considered. After all, is the money taxable? Clearly yes.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
Colin Kaepernick and the NFL have settled their collusion case. Mum is the word, so it is not clear how much money was involved or exactly what the settlement agreement may say. Even so, there is talk about who got the better deal by settling. There is also speculation about how much money was involved.
Some observers have suggested that Kaepernick may have been paid something in the range of $60 to $80 million. If the rumored range...
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