Saints accused of "Bounty Program". Thoughts?

Originally Posted by ChicagoWhiteSox

Yeah the steaks and cash would be income for the players, compensation really. Unless they some how can structure it as "meals and entertainment" or some other avoidance measure. I'd imagine it would be a tax deductable business expense for the team though.

I guess the players could possible structure the payments as "eligible" ordinary dividends, which would be taxed at long-term capital gain tax rates, which would surely be better than prizes and award taxe rates. Other than that, they will pay taxes on the payments recieved in some fashion. With the payments most likely being very large, it's worth it for the IRS to poke their noses around.