Robert Raiola
Paris
As seen in:
MSN,
Yahoo News,
Yahoo Finance,
Sports Illustrated,
Flipboard,
TechRadar,
Yahoo Sports,
Fox Business,
Yahoo,
Boston Herald
and
CMO at MEGA International - Digital Marketing, Digital Transformation fr.linkedin.com/in/raiola/
Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Robert Raiola
Giannis Trade to Heat Gives Him a $14M Tax Windfall
Florida's lack of income tax provides the NBA star some added cash he can use for hurricane insurance. Design by Sportico, Photo by Jared C.
Washington’s New Millionaires’ Tax Will Hit Pro Athletes Original
Luis Castillo and Julio Rodriguez face hefty tax bills if Washington's "millionaires' tax" is signed into law. Design by Sportico, Photo by Steph Chambers/Getty Images Washington Gov. Bob Ferguson is expected to sign legislation that, starting in 2028, will impose a 9.9% tax on households with an annual income greater than $1 million.
NIL Tax-Exempt Laws Face Challenges From Fake NIL, Student Claims
Trinidad Chambliss could get a tax break as an Ole Miss college athlete with NIL deals. Design by Sportico, Photo by Ronald Martinez/Getty Images Mississippi may soon join Arkansas in exempting college athlete NIL from state income taxes, but these exemptions could face legal challenges by other college students who earn income and still must pay state income taxes.
Patriots, Seahawks Face California Tax Bill After 2026 Super Bowl
California has the highest income taxes of any state, which will impact the tax bills of players on the Super Bowl teams. Design by Molly Geary, Photos by Matthew Stockman/Getty Images, Steph Chambers/Getty Images The New England Patriots and Seattle Seahawks will play this Sunday in Super Bowl LX at Levi’s Stadium in Santa Clara, Calif., home of the San Francisco 49ers.
Patriots, Seahawks Face California Tax Bill in Super Bowl Pursuit
Tom Brady Explains Why He Won’t Be Rooting for the Patriots In the Super Bowl The Patriots are playing in the Super Bowl for the first time since Tom Brady left New England. Tom Brady will not be rooting for the Patriots in the …
Pittsburgh Jock Tax Violates State Constitution, Court Rules Original
Affirming the decisions of lower courts, the Supreme Court of Pennsylvania has found the City of Pittsburgh’s “jock tax” violates the Pennsylvania Constitution, because it discriminates against visiting teams’ athletes who play in the city’s publicly funded sports facilities. The ruling ends litigation that began six years ago when two NHL players, Kyle Palmieri and Scott Wilson; one former MLB player, Jeff Francoeur; and the NHLPA, NFLPA and MLBPA sued Pittsburgh.
Red Sox Deferrals Could Help Deal With Massachusetts Millionaires' Tax
The Boston Red Sox are reportedly interested in signing several of their rising stars to contract extensions in which the players would forgo arbitration and free agent years in exchange for more money early in their careers. The use of deferral money over a period lasting at least a decade could play a key role in those transactions, especially given the interplay between federal and Massachusetts tax laws.
Bill Romanowski, Wife Owe $15.5 Million in Unpaid Taxes, Judge Rules
A magistrate judge in California last week found that retired NFL Bill Romanowski and his wife, Julie Romanowski, are indebted to the U.S. government for $15.5 million in unpaid tax assessments along with accrued interest. U.S. Magistrate Judge Peter H. Kang issued a recommendation in a case brought by the U.S. Department of Justice in 2023 against the Romanowskis for unpaid federal income taxes, statutory penalties and accrued interest for the tax years 1998-2004 and 2007.
Mets' Baty Will Have to Pay Taxes on New Car From Soto
Continue reading More for You
Mets' Brett Baty Will Have to Pay Taxes on New Car From Juan Soto Original
Last week, New York Mets superstar Juan Soto rewarded third baseman Brett Baty for relinquishing jersey No. 22, which Soto has worn throughout his career. The cost to Soto: a Chevy Tahoe SUV with a reported value of about $92,000. But thanks to tax law, Baty is not completely off the financial hook.
Georgia, Alabama NIL Bills To Save Taxes Could Be Challenged in Court
Bills in Georgia and Alabama to exempt college athlete NIL income from state taxes could save athletes a healthy amount of money, but could also face legal challenges by other college students whose income would remain subject to state taxes. Georgia’s SB71 and Alabama’s HB240 straightforwardly call for compensation earned by college athletes to not be subject to state income taxes.
Pete Alonso’s Tax Options Favor the Blue Jays over the Mets
Free agent first baseman Pete Alonso is reportedly near a decision on where he’ll play next season, with the New York Mets—where he has played his entire MLB career—and the Toronto Blue Jays considered the frontrunners. The choice between New York and Toronto provides the Blue Jays with an unusual tax advantage: Alonso would save on taxes by choosing to sign in Canada with the Blue Jays rather than remaining in the Big Apple.
Juan Soto’s Historic Mets Deal Will Pay Government $364M in Taxes Original
Juan Soto signing the biggest contract in sports history will not only make him (even more) wealthy, but it brings good news to the Internal Revenue Service and the New York Department of Taxation and Finance. They’ll get their share of Soto’s 15-year, $765 million contract with the New York Mets. Assuming Soto remains with the Mets for the entirety of the contract and that federal and state tax laws remain the same during that time, Soto will net, after taxes, approximately $401 million.
Sports Medicine Nonprofit Held Must Pay Property Taxes in Utah
A nonprofit sports medicine facility that annually tests tens of thousands of blood and urine samples for the NFL, MLB and the U.S. Anti-Doping Agency—while also testing, for free or at discounted rates, a similar number of samples for charitable organizations and government agencies—must pay property taxes, the Supreme Court of Utah ruled last Thursday. Sports Medicine Research and Testing Laboratory v.
U.S. Olympians Get Tax Break from Uncle Sam but Not French Government Original
One might say winning a medal in the Olympics is invaluable, but tax law wouldn’t agree. U.S. athletes who win medals in Paris will also score monetary prizes from the U.S. Olympic and Paralympic Committee. Athletes who make less than $1 million a year won’t pay U.S. federal taxes on their prize money, but that money will still fall within the reach of state and local tax agencies as well as French tax collectors.
Ex-MLB Star Jose Bautista Buys USL’s Las Vegas Lights FC
Retired Major League Baseball All-Star José Bautista has reached an agreement to purchase United Soccer League’s (USL) Las Vegas Lights FC. As a primary investor, Bautista will assume the role of chairman and governor of the club. Financial details of the investment were not disclosed. “As a former professional athlete who loves business and sports, investing in sports teams is almost something that you always dream of,” Bautista said in a video call.
California Argues Ohtani Contract Should Spur Federal Tax Law Changes
Shohei Ohtani’s record-breaking $700 million, 10-year contract with the Los Angeles Dodgers sent shockwaves through Major League Baseball. It could do the same in the world of tax law.
Yamamoto and Ohtani Will Pay California Taxes But How Much Is at Issue Original
Although Yoshinobu Yamamoto will earn about $375 million less than his countryman and new MLB teammate, Shohei Ohtani, in his reported 12-year, $325 million contract with the Los Angeles Dodgers, Yamamoto could end up paying more in California income taxes than Ohtani, who signed a 10-year, $700 million deal with the Dodgers but with $680 million deferred until 2034 to 2043.
Shohei Ohtani Dodgers Contract Deferment Has Interest, Tax Impacts
Shohei Ohtani’s record-breaking $700 million, 10-year contract with the Dodgers may not be as large as it seems. Specifically, his stunning decision to reportedly defer $68 million a year of his Dodgers salary—without interest—would cost the two-way baseball star a lot of money: more than the average MLB team’s payroll in 2023.
Wembanyama Could Save Millions in Taxes by Moving to Texas
Victor Wembanyama is set to be drafted first overall by the San Antonio Spurs in the 2023 NBA Draft on June 22. How quickly he moves to Texas could make a big difference on the tax front. As the No. 1 pick, the NBA’s rookie wage scale dictates that Wembanyama, 19, will sign a two-year contract with a team option for the third and fourth years that projects to be worth about $54.36 million, with $11.98 million paid in 2023-24.
Celtics’ Tatum, Brown Face Supertax With Potential Supermax Deals
At this moment, Jayson Tatum and Jaylen Brown are likely focused on how their Boston Celtics can defeat the Philadelphia Sixers in Game 7 of the Eastern Conference semifinals on Sunday. But in the coming months, the players’ attention will likely turn to an important career and business decision: whether to sign supermax contract extensions with the Celtics. This week Tatum and Brown were named first-team All-NBA and second-team All-NBA, respectively, making them eligible to sign supermax deals.
NFL Draft 2023: No. 1 Pick Bryce Young Falls to Second in Tax Derby
In the NFL draft, nothing is more prestigious than being picked first overall. Bryce Young, selected first overall by the Carolina Panthers on Thursday, has many reasons to celebrate. But the Alabama QB would likely have been able to earn more, after taxes, had he fallen to second. How so? Under the NFL’s rookie wage scale, Young will sign a contract that Over the Cap projects to be worth approximately $39.76 million.
Aaron Rodgers’ Taxes Will Increase by Playing for New York Jets
While a guest on The Pat McAfee Show on Wednesday, Green Bay Packers quarterback Aaron Rodgers said his “intention” is to play for the New York Jets. A trade between the two teams is expected to be made in the coming days. The 39-year-old Rodgers, who was named the NFL’s MVP in 2020 and 2021, might rework his contract as part of the deal. Last year, he signed a three-year extension worth $150.8 million, with an option for additional year (2025) at $58.3 million.
Boston Athletes to Pay More in Taxes as Signing Bonus Window Closes
They don’t call it “Taxachusetts” for nothing. Courtesy of a tax hike narrowly passed by voters on Election Day, many Boston athletes will lose more of their earnings to the Massachusetts Department of Revenue beginning on Jan. 1, 2023. Boston teams could capitalize on the six-week window between now and the New Year to entice players to join a squad or extend a deal with signing bonuses taxed at the lower rate. Massachusetts voters approved Ballot Question 1 by a count of 52% to 48%.
Master’s Winners Share Goes to Scheffler, and a Million to the IRS
The U.S.’s Scottie Scheffler, the world’s No. 1 ranked men’s golfer, won the 2022 Masters on Sunday, defeating Northern Ireland’s Rory McIlroy by three strokes after shooting a 10-under par 278. Scheffler is also a “winner” because the Masters upped the purse and the first place prize for 2022. Both jumped 30%, $11.5 million to $15 million, and $2.07 million to $2.7 million, respectively. More than ever, the iconic green jack jacket has pockets stuffed with green.
Masters Winner’s Share Goes to Scheffler, and a Million to the IRS
The U.S.’s Scottie Scheffler, the world’s No. 1 ranked men’s golfer, won the 2022 Masters on Sunday, defeating Northern Ireland’s Rory McIlroy by three strokes after shooting a 10-under par 278. Scheffler is also a “winner” because the Masters upped the purse and the first place prize for 2022. Both jumped 30%, $11.5 million to $15 million, and $2.07 million to $2.7 million, respectively. More than ever, the iconic green jack jacket has pockets stuffed with green.
Freddie Freeman Dodgers Contract California Taxes Atlanta Braves Original
By signing a six-year, $162 million contract with the Los Angeles Dodgers, former Atlanta Braves first baseman Freddie Freeman has landed one of the most lucrative free agent contracts in the post-lockout period. He’s also potentially leaving millions of dollars on the “post tax” table.
Some Bengals Players Would Net Less in Super Bowl Loss Than Pro Bowl Original
Super Bowl LVI will be played this Sunday at SoFi Stadium in Inglewood, Calif. The stakes for the Los Angeles Rams and Cincinnati Bengals include legacy, fame and . . . $75,000, pretax. Each player on the winning team will be awarded $150,000, while each on the losing team will get half of that. Yet when considering income taxes, some Bengals players will take home less if they lose the game than if they played in the Pro Bowl—an exhibition that many players don’t take seriously.
digital transformation
Since the beginning of the COVID-19 crisis, and more generally during any crisis, one word has been on everyone’s mind and lips: RESILIENCE. Behind the concept, often full of hope, there lies a real anticipation […]
How your enterprise can survive a crisis with business resilience planning
Since the beginning of the COVID-19 crisis, and more generally during any crisis, one word has been on everyone’s mind and lips: RESILIENCE. Behind the concept, often full of hope, there lies a real anticipation for surviving during a crisis and bouncing back from it. This is one of the key roles of Enterprise Architecture (EA).
The $76 Million Divide: Corey Seager Contract, Taxes and MLB Economics
On Monday, the Texas Rangers signed All-Star shortstop Corey Seager to a 10-year, $325 million contract, a deal that his former team, the Los Angeles Dodgers, likely could have matched. Valued at $4.62 billion, the Dodgers are MLB’s third most valuable franchise, behind the New York Yankees ($6.75 billion) and the Boston Red Sox ($4.8 billion). But the Dodgers would have needed to pay Seager as much as $76 million more to provide him equal value after taxes.
MLB’s Looming Lockout, Tax Hike Primes Market for Free-Agent Frenzy
Star MLB players have two reasons to negotiate a new contract over the next couple of weeks: the twin threats of a lockout and a federal income tax hike. The current CBA will expire on Dec. 1, and unless MLB and the MLBPA reach a new deal, the league is expected to lock out players the following day. That would effectively freeze offseason activities that involve players, including signings.
Chicago Cubs Ricketts Purchase Leads to Tribune Loss in Tax Case
The U.S. Tax Court recently resolved a multiyear and multifaceted dispute between Tribune Media and the Internal Revenue Service over a tax return filed more than a decade ago. At the center of the dispute was the Chicago Cubs. The ruling will influence how future sales of teams are structured and the nature of tax advice certified public accountants will share. In 2009, Tribune sold the Cubs to the Ricketts Family for $845 million.
Ryder Cup Riches: Pride the Only Prize in This Meeting of Pros
The 43rd Ryder Cup starts Friday at Whistling Straits in Haven, Wisc. A team of 12 U.S. golfers, captained by Steve Stricker, will take on a team of 12 European golfers, captained by Ireland’s Padraig Harrington. The winning team will take home a cash prize of . . . $0. The Ryder Cup is a unique professional sports event in that the athletes aren’t paid. The Olympics, which feature both pro and amateur athletes, might seem analogous.
United States’ Tokyo Olympics Roster: Visualizing all 613 Athletes
The United States roster for the Tokyo Olympics includes 613 athletes: That’s roughly 10% more than the 558 who went to Rio de Janeiro in 2016. The reintroduction of personnel-heavy sports such as baseball and softball, along with new events like skateboarding, climbing, surfing and karate have resulted in the second-largest Olympic roster in the country’s history, trailing only the 1996 Games in Atlanta.
Most U.S. Olympians to Avoid Federal Taxes on Tokyo Medal Prizes
American athletes who win medals at the 2020 Tokyo Olympic and Paralympic Games will not only take home prestigious honors. They’ll also pocket cash prizes. And if they aren’t earning millions of dollars a year, they’ll avoid paying federal income taxes on those prizes, too. Per the U.S. Olympic & Paralympic Committee, Team USA Olympians and Paralympians in Tokyo will earn $37,500 for a gold medal, $22,500 for silver and $15,000 for bronze.
Most U.S. Olympians to Avoid Federal Taxes on Tokyo Medal Prizes
American athletes who win medals at the 2020 Tokyo Olympic and Paralympic Games will not only take home prestigious honors. They’ll also pocket cash prizes. And if they aren’t earning millions of dollars a year, they’ll avoid paying federal income taxes on those prizes, too. Per the U.S. Olympic & Paralympic Committee, Team USA Olympians and Paralympians in Tokyo will earn $37,500 for a gold medal, $22,500 for silver and $15,000 for bronze.
NIL Deals Carry Tax Implications for College Athletes, Companies
All of the athletes now earning compensation—whether through promotional deals or personal business endeavors, whether endorsing products or selling non-fungible tokens—will have to remember one thing: They’ll need to file income taxes and, in some cases, turn over portions of their earnings to Uncle Sam and state treasuries.
Dodgers Owners Walter and Boehly Close on Sale of 27% Lakers Stake
Skip to main content July 9, 2021 5:04pm Mark Walter and Todd Boehly, co-owners of the L.A. Dodgers, closed on the purchase of the stake from billionaire Philip Anschutz on Friday. Jevone Moore / Cal Sport Media/CSM via ZUMA Wire Mark Walter and Todd Boehly now own 27% of the Los Angeles Lakers. Walter and Boehly, co-owners of the L.A. Dodgers, closed on the purchase of the stake from billionaire Philip Anschutz on Friday.
Sunday Pay-Per-View Time Slot May Get Boost from Mayweather-Paul Fight
|
Sportico reported that last Sunday’s Showtime pay-per-view boxing event, headlined by the Floyd Mayweather-Logan Paul bout, is tracking toward one million (or slightly more) domestic buys (figure includes: cable, satellite and streaming). Considering PPV sporting events typically do not air on Sunday nights, as boxing and UFC have scheduled their biggest matches almost exclusively on Saturdays for the last three decades, the Mayweather-Paul exhibition could signal a shift.
By Randall Williams Verified, Eben Novy-Williams Verified, Michael McCann, Robert Raiola, Corey Leff
|
Sportico
Verified
Mickelson’s PGA Championship Yields Smaller Green After Tax Bill Original
Phil Mickelson stunned the golf world on Sunday, winning the 2021 PGA Championship at Kiawah Island Golf Resort’s Ocean Course in South Carolina. Mickelson, who last won a major championship in 2013, finished two strokes ahead of runners-up Brooks Koepka and Louis Oosthuizen. It was the sixth career major victory for Mickelson. He won his first in 2004, when he came out on top at the Masters Tournament, with a birdie on the final hole. At age 50, Mickelson becomes the oldest golfer to win a major.
Thoroughbred Horse Sales, Price of Yearlings Expected to Rebound
In 2020, the wealthy had excess funds to invest and spend on recreation. So, it was surprising to learn (via Wallethub’s great Kentucky Derby infographic) the sale of thoroughbred horses declined 26% YoY and that the price of yearlings was down 19.5% YoY. Total gross sales fell from $1,087,528,402 in 2019 to $803,543,967 last year, while the average price of yearlings sold slid from $83,317 to $67,026.
NFL Draft First Round Contracts: Trevor Lawrence Scores $36.8 Million
The top of the 2021 NFL Draft unfolded as expected with the Jacksonville Jaguars selecting Clemson quarterback Trevor Lawrence No. 1 overall. The pick surprised no one—witness DraftKings’ betting odds, which required a $10,000 wager to win $100 on the pick. Jags fans are googly-eyed that Lawrence and his flowing blond locks can revive a franchise with only one winning season in the past 13 years, including a league-worst 1-15 record in 2020.
NFL Draft: No. 5 Pick Will Outearn No. 3 as State Tax Coffers Await
|
Becoming a top-five pick in an NFL Draft is a badge of honor. It means that a team’s front office is willing to stake its reputation in you over numerous other prospects. It also means you’ll become a multimillionaire. Each top-five pick on Thursday night, like all 32 first-round picks, will sign a four-year contract that contains a fifth-year team option. Salaries will be slotted according to the league’s rookie wage scale.
By Robert Raiola, Kurt Badenhausen Verified, Scott Soshnick Verified, Eben Novy-Williams Verified, Michael McCann
|
Sportico
Verified
Endeavor Goes Public as Fertittas, Larry Ellison Buy Shares of UFC Parent
Two years after first announcing its intention to go public, UFC owner and talent agent parent Endeavor Group Holdings has closed its initial public offering. Endeavor priced shares offered at $24 each Wednesday evening, giving the business a market cap of more than $10 billion.
Green Jacket for Matsuyama to Be Paired With $2 Million Taxable Purse
On Sunday, Hideki Matsuyama earned the right to wear the fabled green jacket by finishing first in the 2021 Masters Tournament at Augusta National Golf Club in Augusta, Georgia. Matsuyama, who entered the Masters as the PGA Tour’s 25th ranked golfer, defeated Will Zalatoris, who finished one stroke behind. Matsuyama is now the first male Japanese player to win a major championship. Dustin Johnson, who won last year’s Masters and is the PGA Tour’s top ranked golfer, missed the cut last Friday.
Return of Earmarks May Boost Sports as Pandemic Recovery Takes Stage
For three decades, Citizens Against Government Waste, the Washington-based fiscal conservative advocacy group, has published its annual “Congressional Pig Book,” highlighting what it views to be the lowlights of federal discretionary spending.
Masters Win For Matsuyama May Unlock $600 Million in Endorsements
Hideki Matsuyama came to Augusta National a decade ago as the first Japanese amateur to ever play the Masters. He has carried the burden of a golf-crazed nation ever since, while he tallied five PGA Tour wins and four top-five finishes at majors. The 29-year-old made history Sunday as the first Japanese player to ever win a men’s golf major with his one-stroke victory over Will Zalatoris. The history-making result should catapult Matsuyama into endorsement stardom.
Warriors Valued At Roughly $5.5 Billion As Arctos Takes Minority Stake
Skip to main content Arctos Sports Partners had roughly $1 billion in assets under management as of February. Ap/Jed Jacobsohn Arctos Sports Partners is buying a minority stake in the Golden State Warriors in a deal that values the NBA team at roughly $5.5 billion, according to multiple people familiar with the sale. The private equity firm is buying about five percent of the team, the people said.
Mets’ Lindor Could Avoid $20 Million in Taxes by Residing in Florida
New York Mets shortstop Francisco Lindor has reportedly agreed to a 10-year, $341 million contract extension. The deal will start in 2022 for Lindor, whom the Mets acquired in the offseason from the Cleveland Indians. The amount the 27-year-old, four-time All-Star pays in taxes will hinge on where he resides.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Robert
Contact Robert, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack