Feigenbaum Law

NFL

Close up of the NFL logo on turf

Sports & Entertainment

Tax Implications of Kaepernick’s Settlement with the NFL

More than 16 months after filing a formal grievance alleging that NFL owners and teams had colluded to keep him off the field, former San Francisco 49ers quarterback, Colin Kaepernick, has reached a formal (and confidential) settlement with the league. After the lengthy legal back and forth, Kaepernick has likely walked away with tens of millions of dollars. However, from a tax law perspective, how much of this settlement will he be able to take… Read More

View of football field from above

Sports & Entertainment

Superbowl LIII Players Face Large Taxes on Winnings

Last week we blogged about the so-called “Jock Tax” which is levied on earnings made by professional athletes depending on which state they play in. As a result of this frequently applied levy, the big earnings made by players of both the Patriots and the Rams in this month’s Superbowl LIII are now subject to tax at various levels. Superbowl Bonuses For playing in this year’s Superbowl, every New England Patriots player will receive… Read More