HoopsHype NFL rumors

April 15, 2014 Updates

Professional athletes are among our nation’s highest-paid employees and, as such, a huge chunk of their income is plowed into the government via the IRS. In fact, federal taxes owed by professional baseball, football, and basketball players will exceed $3 billion in 2013, according to tax experts who specialize in representing athletes. And, like every other U.S. taxpayer, their bill is due today. That’s $3 billion of the $2.5 trillion paid in federal taxes by all Americans, contributed by a select but paltry work force of about 3,000. On average, every MLB, NFL and NBA player pays $1 million in federal taxes. The Fields of Green

According to data bases compiled by USA Today, players in these three major leagues alone earned nearly $9 billion in 2013. Most of that income is taxed at the highest rate of 39.6 percent, and for the first time a surcharge of .9 percent was added to the previous 1.45 percent Medicare tax employees pay on income that exceeds $250,000 to help pay for Obamacare. Even though the overall federal tax burden of nearly 42 percent for these athletes is reduced by deductions, experts say most can only claim enough in agent fees, mortgage interest, dependents and charitable donations to whittle the bill down less than 10 percent. So assuming deductions reduce the overall tax burden to 33 percent, the amount paid in federal taxes on $9 billion of earnings is still $3 billion. “You definitely look at the bottom-line [tax] figure and you go, ‘Jeesh, that’s a lot of money,’ said Colorado Rockies outfielder Michael Cuddyer, who is in the last year of a three-year, $31.5 million contract. “Then you look at the net income and you go, ‘Jeesh, that’s a lot of money too.’’’ The Fields of Green

April 7, 2014 Updates
March 11, 2014 Updates
February 20, 2014 Updates

After the victory, when engaged in conversation about his favorite NFL team, James said of criticism Romo has endured: "Just don't care what everybody thinks. If you care about your craft and at the end of the day if you went out there and you gave it everything you had and you laid it out on the line for your teammates, you can sleep comfortably at night. Don't watch ESPN and all these so-called 'everyone knows what to do that ain't never put on a uniform, trying to tell you what to do' [shows]." To which ESPN's Ley replied on his Twitter account: "Help me here, @KingJames. "Don't watch ESPN." - except when you're the focus of a 1 hr show annoucing your free agent destination?" South Florida Sun-Sentinel

February 10, 2014 Updates

Jason Collins: For the past 2 days I have met with @MikeSamFootball here in LA. He is a great young man who has shown tremendous courage and leadership Twitter

Jason Collins: I can't wait to cheer for whatever lucky team that drafts @mikesamfootball. Personally I hope he goes to my favorite team. The @Colts Twitter

February 9, 2014 Updates
February 2, 2014 Updates
January 16, 2014 Updates

If you're going to the Super Bowl, it is time to start being nice to Mark Cuban. In an email, Cuban confirmed the speculation about his Super Bowl party: "The annual AXS TV Direct Super Bowl party will feature Jay-Z," he says. Cuban is the co-founder of AXS TV. He will co-host the party with Eli Manning. Scheduled to be held at DirecTV's SuperFan Stadium at New York's Hudson River Park Pier 40, the event is invitation only. Dallas Morning News

January 9, 2014 Updates
December 12, 2013 Updates

On Thursday, Kobe Byrant responded to comments from NFL legend Jim Brown, who said Bryant was “confused” about African-American culture “because he was raised in another country.” Brown made the remarks in an appearance on the Arsenio Hall Show. Here’s the full quote, from Sports Grid: “He’s somewhat confused about our culture. Because he was brought up in another country…If I had to invite people to that [black athlete] summit all over,” Brown said, referring to a summit held in the early 70s regarding Muhammed Ali’s refusal to fight in the Vietnam War, “there’d be some athletes I wouldn’t call. He’d be one of them.” For The Win

November 21, 2013 Updates
November 8, 2013 Updates

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