Where does the fine money go?

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NC_Skins
10-20-2012, 12:05 AM
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
10-20-2012, 12:08 AM
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

punch it in
10-20-2012, 12:10 AM
Yeah i dont think a player can write off a fine but if they can let me know. Ill start donating my parking tickets to charity.


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NC_Skins
10-20-2012, 12:12 AM
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.

punch it in
10-20-2012, 12:18 AM
Who do you think I was talking about getting the tax write off?...lol Certainly not the player.

Well you said they get the money back so it seemed like you meant the player. But you are saying the nfl donates and than writes it off. I hear ya now. They are getting back a portion of what wasnt theirs in the first place. Still good that the charity gets a piece i guess.


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tryfuhl
10-20-2012, 02:02 AM
Concussion lawsuits from here on out.

That Guy
10-20-2012, 02:31 AM
unless they're worried about people placing bets on game in progress, i don't think it really matters whether they wait an hour to specify the injury.

i mean, they took him out, he failed the first test, so they sent him to the locker room. he didn't go back in and from what i've heard, was fully coherent in 15 minutes or whatever. the union was okay with how they handled it, and so was the player... so what's the deal?

mooby
10-20-2012, 07:55 AM
Charities. Mostly to retired players funds

That's just what Roger G. wants you to think. It's actually going to his personal vacation fund, why do you think he issues them every week?

FRPLG
10-20-2012, 10:03 AM
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
10-20-2012, 11:42 AM
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.

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