Outfielder Giancarlo Stanton inked a record 13-year, $325 million contract with the Marlins last week. Hopefully, Stanton didn’t earmark all $325 million because, according to Bloomberg, the slugger is expected to pay $141 million in taxes over the life of the deal.
Bloomberg cites the work of Robert Raiola, a certified public accountant who specializes in sports and entertainment. He assumes Stanton will live in Florida and include federal, state, city, and payroll taxes. Stanton will also pay taxes, including a “jock tax” (a tax states levy on visiting professionals), for working in other states. Raiola estimates Stanton will pay $132.5 million in federal and payroll taxes and $8.5 million for the jock tax.