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Top 10 Players Owners Would Like to Write Off

mywatsoncpa.com

Tax Day is always a nightmare as American taxpayers complete their annual gymnastics routine of somersaulting over regulations, squeezing through loopholes and then trying to stick clean landings on their financial mats. But as painful as mailing those checks to the U.S. Treasury can be, we can only imagine what it must be like to gaze at the balance sheets of team owners who must file Form 1040 LFAS - Lousy Free Agent Signings.

You have to figure Arte Moreno will soon have a new appreciation for depreciation. That 10-year contract for Albert Pujols will cost the Angels owner $254 million over 10 years. And with Pujols earning only $12 million and $16 million in the first two years, the deal is backloaded so much that Moreno will be writing Pujols a check for more ...

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