Baseball Players Working All The Tax Angles

The Boys of Summer are warily eyeing the prospect of a tax increase under a President Barack Obama and the expanded Democratic Congress as they renegotiate their contracts, according to ESPN.com.

With a minimum salary of $400,000, baseball players earn well above the $250,000 that the president-elect has targeted for an increase. So, their agents are working to land signing bonuses that would be paid this year to avoid possible tax hikes next year, the website reported.

Players’ agents may be working the angles, but it appears too early to tell what Major League Baseball might do in Washington. MLB lobbyist Lucy Calautti said she didn’t know of any plans to lobby against a possible tax increase.