Reported 1 day ago
The Atlanta Braves are facing a significant financial challenge as a new tax rule, set to take effect in 2027, will limit salary deductions for highly compensated players. This could lead to a potential $19.1 million tax increase for the team, contrasting with privately owned teams that can fully deduct player salaries. The Braves lack allies in this legislative battle, as public corporations face stricter tax implications, which could complicate future efforts to attract top talent. The outcome will likely require congressional intervention to alleviate this looming tax burden.
Source: YAHOO