Contracts, salary caps.

Why do our favorite teams make some of the moves they do?

It's usually the money.

It's time for the Business of Sports with Andrew Brandt.

Hey there, boys and girls.

Welcome to another edition of the Business of Sports with Andrew Brandt.

A little tax info for you this week.

Yes, tax, but I was really intrigued as a lot of my listeners and followers

and emailing me and twittering me about this new tax law that does affect sports,

potentially, where the new tax law, you know, the President Trump's new tax law,

changes a corner, a little corner of the tax law that allowed

for sort of like-kind trades, which would include sports trades, and basically you didn't have to

pay capital gains. But now, this New York Times article from March 19th really talks about

this could apply to sports trades, and it would dramatically affect teams where teams would face capital gains taxes every time they exchanged or trade highly paid players.

Think about all the highly paid players have been traded recently in all sports, including recently this year, in football, players like Jason Pierre Paul just last week.

This could have some massive effect.

So what did I do?

I found the best tax professor I could, at least the one quoted in the article named Carrie Smoker from

Sunni Brockport a tax professor there professor of accounting who has done consulting for the NBA

Players Association and the NHL Players Association and broader on so master class on tax law

applicable to sports trades settle in this will be fun without further ado So, Masterclass on Tax Law Applicable to Sports Trades, Settle in.

This will be fun without further ado.

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