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SBD/July 25, 2013/Sports in Society
Tennessee State Senate To Discuss Bill That Would Repeal Tax On NHL, NBA Players
Published July 25, 2013
TAX AN ECONOMIC DEVELOPMENT INCENTIVE: Wexler said that the tax is an economic development incentive for the citizens as well as the city, county and state because FedExForum uses the money as an incentive to attract high-level concerts and events. Wexler plans to explain to the committee how it benefits those constituencies “and why it was necessary when it was implemented and why it is still necessary today.” Wexler said, “It really has been very impactful. We’ve had Elton John, Paul McCartney, and we have the Eagles coming up this fall, and it facilitates our ability to get those kind of shows,” he said. But Zavelo and interim NBPA Exec Dir Ron Klempner said the tax hurts players, especially the minimum wage NHL and NBA players. NHL players have paid $2.2M a year under the tax and NBA players have paid about $1.1M a year since it was implemented in '09.