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Originally Posted by albertGQ
Dont forget agent fees (~3%) as well as escrow.
Some may take home 40% of what their salary would be.
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Quote:
Originally Posted by mrkajz44
Isn't the escrow account just used to make sure the players don't take home too much when projecting league revenues? I thought they got most of that back at the end of the season.
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It has varied. There have been years that the players have had to eat huge escrow losses - like 7-10%. This is because the escrow is based around the salary midpoint, which is itself based on estimated revenue for the year; if everyone is spending over the midpoint and revenues can't compensate, they lose a lot.
I would imagine agent fees would be tax deductible.