Smart Money

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Smart Money

March 30, 2018

CBA: Fact of the Month

ARTICLE 19 (e): Expense Reimbursement & Taxable Benefits

Reimbursement of expenses actually incurred (and proven) by a Player, will be excluded from a Player’s taxable income. Therefore, no Player shall be entitled to any gross-up for taxes or other charges. Players shall be solely responsible for any taxes ultimately determined to be owed, with respect to fringe benefits that they receive from their Clubs.