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Smart Money
Scoring Goals & Saving Taxes
As April approaches, the on-ice focus of most professional hockey players remains on their upcoming playoff push. In the player advisory world, the April tax deadlines are our version of a playoff push. Many fail to consider the complexity involved in filing taxes for a professional athlete. While some complain of federal and provincial filing requirements, an NHL athlete often has a filing requirement in each jurisdiction in which they play. This means a typical NHL player can file upwards of fifteen tax returns! Check the link below to learn some quick facts about how an NHL athlete files their taxes. 

Player Spotlight
James van Riemsdyk
Toronto Maple Leafs
This month's player spotlight is on Toronto Maple Leafs' forward, James van Riemsdyk. In 2007, James was selected second overall by the Philadelphia Flyers in the NHL Entry Draft. The following season, James attended the University of New Hampshire for two years before joining the Flyers in 2009. After a successful three seasons in Philadelphia, James was a cornerstone piece of a trade that would bring him to Toronto. James recently eclipsed 600 NHL regular season games and recorded his 200th goal. 
Heading into the 2017-18 season, James was the topic of much speculation surrounding his unrestricted free-agent status effective 01-Jul-18.  Amid the pressures, James has set a career high in goals (35) and continues to prove his remarkable consistency and scoring proficiency.  James will be a coveted free-agent this summer, undoubtedly drawing the interest of numerous general managers. Check out the link below to read about some of his suitors and the possibility of a return to Toronto.
Market Commentary  
Trade Wars Shake Up Markets
March 2018

Trade wars have been a constant theme weighing on markets in 2018.  On 1-Mar-18, Trump announced a 25% tariff on steel imports and a 10% tariff on aluminum to help shore-up weakening domestic  industries.  Though Trump walked-back part of these measures as they relate to  [...]

Check This Out


Era Adjusted: The Greatest Goal Scoring Season of All-Time
NCAA Posts $1.1 Billion in Revenue and  Pays No Federal Tax
Any hockey enthusiast could tell you that Wayne Gretzky holds the record for the most goals in a single hockey season, but does that make him the best goal-scorer of all time? With better goaltending and bigger defensemen, it is understandable many consider Gretzky's record of 92 goals "unbreakable" in today's game. Click the link below to view the era-adjusted numbers of the greatest goal-scorers of all-time. 
Earlier this month, the NCAA announced that in 2017 the organization had an annual revenue figure of $1.1 billion dollars! This astonishing figure is headlined by the over $817 million dollars earned in television and marketing rights alone. What makes the NCAA even more impressive is the lack of tax the organization has to pay. Click below to see how one of the world's most successful sports organizations is run. 


CBA: Fact of the Month
ARTICLE 19 (e):  EXPENSE 
REIMBURSEMENT & TAXABLE BENEFITS

Reimbursement of expenses actually incurred (and proven) by a Player, will be excluded from a Player's taxable income. Therefore, no Player shall be entitled to any gross-up for taxes or other charges. Players shall be solely responsible for any taxes ultimately determined to be owed, with respect to fringe benefits that they receive from their Clubs.
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I hope you have enjoyed another edition of GAVIN's Monthly Chalk Talk!

Sincerely, 

The Gavin Management Group Team

Gavin Management Group | Gavin Private Counsel

Air Canada Centre, Toronto | Tampa, Florida | E: [email protected] T: 416.861.1998 F: 416.861.1914 @gavinmanagement     @NHLFinanceGuy