IRS To Auction Darryl Strawberry's Deferred Compensation Agreement

ST. LOUIS (CBSNewYork/AP) — The Internal Revenue Service is auctioning the deferred compensation agreement that was part of Darryl Strawberry's 1985-90 contract with the New York Mets to satisfy taxes owed by the former All-Star outfielder.

The IRS said in a statement Monday the agreement is worth about $1,279,000. The minimum bid is $550,000 in the auction, which is scheduled for Jan. 20 at the IRS office in Fairview Heights, Illinois. Mail-in bids must be received by Jan. 16.

Chief U.S. District Judge M. Casey Rogers in Pensacola, Florida, issued an order Sept. 5 that the agreement be auctioned to satisfy tax liens for Strawberry's federal tax debts for 1989, 1990, 2003 and 2004.

A payment of 20 percent of the minimum must accompany the bid, and the remainder is due within 60 days of the bid's acceptance.

Strawberry was a key player on the Mets' 1986 World Series championship team.

You May Also Be Interested In These Stories

(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Read more
f

We and our partners use cookies to understand how you use our site, improve your experience and serve you personalized content and advertising. Read about how we use cookies in our cookie policy and how you can control them by clicking Manage Settings. By continuing to use this site, you accept these cookies.