Where does the fine money go?

[NC_Skins]

When you think about it, it really goes into their pockets. They take the money, give it to a charity, and then turn around and use that as a tax write off which in turn gives them money back.

edit: ..and by their pockets, I mean the owners. Apparently it's not clear.

[FRPLG]

Originally Posted by NC_Skins

When you think about it, it really goes into their pockets. They take the money, give it to a charity, and then turn around and use that as a tax write off which in turn gives them money back.

No. They just pay the fine. The nfl gives it to charity. The nfl gets a write off I suppose but the player doesn't

[NC_Skins]

Originally Posted by FRPLG

No. They just pay the fine. The nfl gives it to charity. The nfl gets a write off I suppose but the player doesn't

Who do you think I was talking about getting the tax write off?...lol Certainly not the player.

[FRPLG]

Originally Posted by NC_Skins

Who do you think I was talking about getting the tax write off?...lol Certainly not the player.

Gotcha. Bad reading on my part.

[Slingin Sammy 33]

Originally Posted by NC_Skins

When you think about it, it really goes into their pockets. They take the money, give it to a charity, and then turn around and use that as a tax write off which in turn gives them money back.

edit: ..and by their pockets, I mean the owners. Apparently it's not clear.

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.

[NC_Skins]

Originally Posted by Slingin Sammy 33

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.

[Slingin Sammy 33]

Originally Posted by NC_Skins

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.

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]

Originally Posted by Slingin Sammy 33

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.