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In fact, federal taxes owed by professional baseball, football, and basketball players will exceed $3 billion in 2013, according to tax experts who specialize in representing athletes. And, like every other U.S. taxpayer, their bill is due today. Thatâs $3 billion of the $2.5 trillion paid in federal taxes by all Americans, contributed by a select but paltry work force of about 3,000. On average, every MLB, NFL and NBA player pays $1 million in federal taxes.
The only stipulation is that the agent cannot charge a fee unless the player's salary negotiated exceeds the Major League minimum (currently $490,000).ince 1974, and including 2012, arbitrators have ruled on behalf of the players 214 times and clubs 286 times. Although the number of players filing for salary arbitration varies per year, the majority of cases are settled before the arbitration hearing date.