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A Curveball From The New Tax Law: It Makes Baseball Trades Harder
"...“There is no fair-market value of a baseball player. There isn’t,” said Daniel R. Halem, the chief legal officer of Major League Baseball. “I don’t really know what our clubs are going to do to address the issue. We haven’t fully figured it out yet. This is a change we hope was inadvertent, and we’re going to lobby hard to get it corrected.”
Hogwash. Then the 7-figure salaries mean nothing. Even those making the league's minimum salary have a fair-market value. Or are they paid with Monopoly money? Word games.
@Maurice: Not clear to me: "I can also see this going to the courts, as the leagues could argue that they are really not employees of the franchises, but the league itself. It would be a very tough argument to make, but that's why corporations have attorneys."
You mean, the way that corporate McDonald's strategically distances itself from the franchises which proudly display the McD logo and the "12 bazillion sold" sign?
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Derf
Hogwash. Then the 7-figure salaries mean nothing. Even those making the league's minimum salary have a fair-market value. Or are they paid with Monopoly money? Word games.
You mean, the way that corporate McDonald's strategically distances itself from the franchises which proudly display the McD logo and the "12 bazillion sold" sign?
https://apnews.com/002703e70347481cb993027d04f543cc