6-4-2 — an Angels/Dodgers double play blog: Tax Changes Might Accelerate Offseason Signings

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Friday, November 07, 2008

Tax Changes Might Accelerate Offseason Signings

A tad late: Scott Boras might not like it, but with tax hikes all but certain in the new year, player agents are thinking about the implications for their clients.

Obama's proposal would increase federal income tax on families earning more than $250,000 annually, money that would help finance a decrease for workers and families earning less than $200,000 annually.
Next year's major league minimum is $400,000. Agent Scott Boras, negotiating eight- and possibly nine-figure deals for free agents Manny Ramirez and Mark Teixeira, already has thought about the possibility of asking for larger signing bonuses payable this year in some of his contracts.
"There's some consideration to be had with the impact of the election," he said.

Labels: contracts