I have heard he would clear 55% of it, and I have also heard(with a good tax lawyer + accountant) he could clear 95% of it...
2007-11-02 00:47:07 · 12 answers · asked by dkj9002000 1 in Sports ➔ Baseball
who knows what percent he gets from his players....
i would take just one percent! that is a nice chunk.
he probably get nearly 10%
2007-11-02 00:52:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
First off, people are overestimating Boras's commission. Of all sports agents out there, Boras is near the very bottom in that he takes only a 5% commission on any contract he negotiates. It's even mentioned in this article:
http://query.nytimes.com/gst/fullpage.html?res=990CEFDF1E3BF93BA25753C1A96E958260&sec=&spon=&pagewanted=print
Boras's strength lays in numbers, in that he has so many players in his stable. He's obviously a wealthy man, although he doesn't pocket everything - his agency is a business, and I'm sure the expenses are high.
As for ARod, he'd be looking at about $285m after his agent's cut. I'm sure there are also pieces for his financial advisor, and others who do work for him, although I can't begin to guess how much that would cost. I'm sure it's not a high percentage. I do think that clearing 95% of that money is out of the question, though. I think the 55% estimate you gave, along with some small extra amount thanks to good accountants, would be more likely.
2007-11-02 10:17:22 · answer #2 · answered by Craig S 7 · 0⤊ 0⤋
My understanding is Boras gets 15%, but remember that Boras has LOTS of other clients that collectively bring more than ARod, like DiceK, Drew, Maddux, Zito, and others. And those names are just from last year's crop of FAs. You know he's got good tax help, not just for himself but for his clients. Scott is not and individual, he's a corporation. Look at www.borascorp.com/home/ if you doubt this.
This is going to continue until baseball does something about it. The problem is NOT Boras or Steinbrenner or A-Rod or anybody else taking advantage of this situation. The problem is the lack of leadership that allows it to happen, and that baseball does not help itself. Bud Selig may be the worst commissioner in the history of professional sports. The NFL and NBA are way ahead of MLB on this. This has been well documented for years by Bob Costas and others.
2007-11-02 10:08:22 · answer #3 · answered by rob 6 · 1⤊ 0⤋
The state and city tax are trivial. People who make big bucks usually pay close to 40 to 45% in Federal and other taxes. Add in an extra 5 to 10% that Scott Boras probably makes on the deal then easily A-Rod is losing half of expecting salary just to taxes and commission.
Doesn't it suck paying taxes!
2007-11-02 09:31:55 · answer #4 · answered by Pat W 3 · 1⤊ 0⤋
Along with paying an agent, he would also pay a business manager whose sole job it is to get the most out of his money.
Sheltering the money, making sure it's protected from tax the best it can be.
All kinds of way to avoid keeping most of your money that regular people can't take advantage of.
2007-11-02 09:39:13 · answer #5 · answered by brettj666 7 · 0⤊ 0⤋
It depends on the agreement that A-Rod and Scotty agree on. As of taxes that depends on what state he plays at. He wasn't clearing as much in NY as he was in TX. NY has a state tax and heard that they also have a city tax. TX doesn't have either of those.
2007-11-02 08:45:44 · answer #6 · answered by livapoo1 2 · 0⤊ 0⤋
well since 1995 the agents get 15% before that it was only 10%
2007-11-06 06:48:30 · answer #7 · answered by Kyle Thompson 1 · 0⤊ 0⤋
agent gets 10 percent.
2007-11-02 10:19:41 · answer #8 · answered by Michael M 7 · 0⤊ 0⤋
3-4%
2007-11-06 06:55:38 · answer #9 · answered by mogilla gorilla 2 · 0⤊ 0⤋
Malarkey, agents will be lucky to clear 15% max.
2007-11-02 09:43:52 · answer #10 · answered by WC 7 · 0⤊ 1⤋