ADVERTISEMENT

Salary caps and the IRS

BoilerWalt

True Freshman
Dec 16, 2001
835
596
93
59
With this Miami deal with Pack, how much federal tax (FL doesn't have an income tax) will he have to pay? Does his scholarship become taxable since its an added benefit to playing.

My other question is when will there be a salary cap for college players? Because, Nigel Pack is just the beginning of this mess. It's sad that the only true amateur competition will be pee wee ball at the Y.
 
ADVERTISEMENT
ADVERTISEMENT

Go Big.
Get Premium.

Join Rivals to access this premium section.

  • Say your piece in exclusive fan communities.
  • Unlock Premium news from the largest network of experts.
  • Dominate with stats, athlete data, Rivals250 rankings, and more.
Log in or subscribe today Go Back