Lizard King Posted March 19, 2012 Share Posted March 19, 2012 All four leagues and the Professional Golfers' Association of America, or PGA, offer pension plans. In addition, the NFL offers a 401(k) with a 200 percent match, and the NBA offers a 401(k) with a 140 percent match. There you go. http://finance.yahoo.com/news/professional-athletes-big-league-tax-071447565.html;_ylc=X3oDMTNuOXBva3NrBF9TAzExODMzMDg3MzEEYWN0A21haWxfY2IEY3QDYQRpbnRsA3VzBGxhbmcDZW4tVVMEcGtnAzE1NTY3ZmI5LTI3YTItM2UwZS1iYzVjLWEyZmRjZGVhZDcxMARzZWMDbWl0X3NoYXJlBHNsawNtYWlsBHRlc3QD;_ylv=3 Link to comment Share on other sites More sharing options...
HessStation Posted March 19, 2012 Share Posted March 19, 2012 i already know the world sucks and that there is no justice. But this was good to know. Link to comment Share on other sites More sharing options...
JohnnyHector Posted March 19, 2012 Share Posted March 19, 2012 I'd love to see the numbers on how many of these dopes still aren't putting in the maximum annual pre-tax contribution... Link to comment Share on other sites More sharing options...
bitonti Posted March 19, 2012 Share Posted March 19, 2012 this is not even close to why ticket prices are so high. keep in mind league revenues in the form of Tv contracts are measured in the tens of billions. How about the hundreds of millions of dollars the team borrowed to build the new stadium? Link to comment Share on other sites More sharing options...
BroadwayJ667 Posted March 19, 2012 Share Posted March 19, 2012 As a person attempting to get his CPA, this is nonsense. The reason ticket prices are high is because people will pay it. It's simple economics (101) It's price elasticity. You can keep stretching the price higher so long as your consumer will pay it. Link to comment Share on other sites More sharing options...
Lizard King Posted March 19, 2012 Author Share Posted March 19, 2012 Yes I realize that this is just a drop in the bucket. However, it's a pretty ridiculous plan for players making millions of dollars. Link to comment Share on other sites More sharing options...
HessStation Posted March 19, 2012 Share Posted March 19, 2012 Yes I realize that this is just a drop in the bucket. However, it's a pretty ridiculous plan for players making millions of dollars. Not when you consider their shelf life. Still interesting though. Link to comment Share on other sites More sharing options...
THE ILK Posted March 19, 2012 Share Posted March 19, 2012 I'd love to see the numbers on how many of these dopes still aren't putting in the maximum annual pre-tax contribution... +1 Link to comment Share on other sites More sharing options...
Jetman_67 Posted March 20, 2012 Share Posted March 20, 2012 Yes I realize that this is just a drop in the bucket. However, it's a pretty ridiculous plan for players making millions of dollars. I see both sides of this. Yes, the top players are making a ton of money. Many players are hovering around the minimum. Many players live their lives with debilitating injuries for the rest of their lives, and thats not limited to the top stars. When you look at the big picture, these guys have life long injuries all from providing us with entertainment on Sundays. Personally, I have no problem with their 401K. Link to comment Share on other sites More sharing options...
aec4 Posted March 20, 2012 Share Posted March 20, 2012 this is not even close to why ticket prices are so high. keep in mind league revenues in the form of Tv contracts are measured in the tens of billions. How about the hundreds of millions of dollars the team borrowed to build the new stadium? This is 30k per player * 32 teams * 53 players. 51 million a year. This doesn't count league employees etc. It's not why tickets are what they are but it's not small change Link to comment Share on other sites More sharing options...
dbatesman Posted March 20, 2012 Share Posted March 20, 2012 As a person attempting to get his CPA, this is nonsense. The reason ticket prices are high is because people will pay it. It's simple economics (101) It's price elasticity. You can keep stretching the price higher so long as your consumer will pay it. Ever Wonder How The NFL Can Afford A 200% Match On Its Retirement Plan? Link to comment Share on other sites More sharing options...
bitonti Posted March 20, 2012 Share Posted March 20, 2012 it's not small change as of 2007 the NFL was getting a combined 20+ Billion for broadcast rights. http://www.sportsbus...-07-Season.aspx The Super Bowl, AFC on CBS, NFC on Fox, Sunday Night football on NBC, and Monday Night football on ESPN/ABC. Radio etc. that was prior to the new contracts, they are probably in the 25 or even 30 billion dollar range now. not including ticket prices or jersey sales. 51 million is alot of money to you and me, to the NFL it's chump change. Broadway actually had the most astute comment, prices are high because the market will bear high prices. Link to comment Share on other sites More sharing options...
RutgersJetFan Posted March 20, 2012 Share Posted March 20, 2012 Ever Wonder How The NFL Can Afford A 200% Match On Its Retirement Plan? Mark Sanchez jerseys ?????????? Reduced taxable income Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.