Where does the fine money go?

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NC_Skins
10-20-2012, 11:46 AM
NFL fines Player X, $ 25K. Player X's has his game check deducted by $ 25K, after taxes. The $25K is then dispersed from Player X's team to the NFL and NFLPA in a 50/50 split.

The team would be deducting the $ 25K as either a salary, without the fine, or as a payment to a charity as a fine. Either way the team takes the same deduction with or without the fine.

The NFL and NFLPA take the fine money and donate it directly to their respective charities. They would need to account for the money coming in, then show it going back out to charity....and yes they would take the charitable deduction. However, the team, the NFL or NFLPA see any financial benefit or tax benefit from NFL player fines.


NFL will get the money, the money they net in the end is redistributed via revenue sharing. Like I said, the owners get the money. I was simplifying the process here, didn't mean to break out the accountants. :laughing-

Slingin Sammy 33
10-20-2012, 12:05 PM
NFL will get the money, the money they net in the end is redistributed via revenue sharing. Like I said, the owners get the money. I was simplifying the process here, didn't mean to break out the accountants. :laughing-And you question other folks' reading comprehension :frusty:

The NFL does NOT get the fine money. No fine money is redistributed to teams. The charitable tax deduction only covers the amounts paid by the NFL as charitable deductions.

NC_Skins
10-20-2012, 01:16 PM
And you question other folks' reading comprehension :frusty:

The NFL does NOT get the fine money. No fine money is redistributed to teams. The charitable tax deduction only covers the amounts paid by the NFL as charitable deductions.

Jesus christ Sammy. I didn't say the fine money was redistributed to teams. Teams/NFL take the money, give it to charity, and use the tax write off to save money. Money being saved is money the NFL earns via tax savings. Collective money saved (or earned) by NFL will most likely be distributed to the teams due to revenue sharing. I didn't say they took the fines and redistributed them to the teams.

Just drop it..lol It's not that big of a deal anyways and I really dont' care enough to argue of this.

VegasSkinsFan
10-20-2012, 01:50 PM
Jesus christ Sammy. I didn't say the fine money was redistributed to teams. Teams/NFL take the money, give it to charity, and use the tax write off to save money. Money being saved is money the NFL earns via tax savings. Collective money saved (or earned) by NFL will most likely be distributed to the teams due to revenue sharing. I didn't say they took the fines and redistributed them to the teams.

Just drop it..lol It's not that big of a deal anyways and I really dont' care enough to argue of this.

So the fine money goes to taxes???



Just kidding!!!!!!! I wish it would go to make sure Shannon sharpe never goes near a microphone again.

NC_Skins
10-20-2012, 01:52 PM
So the fine money goes to taxes???



Just kidding!!!!!!! I wish it would go to make sure Shannon sharpe never goes near a microphone again.


I must admit, I cracked up laughing.



Sharpe over Deon? I want to punch the TV every time Deon talks

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