Endorsements typically come with contracts.
Posted on: April 29, 2020 at 14:43:07 CT
zodiac6 JC
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Banking money then quitting would obviously void that contract.
That's a bonus of doing all this out in the open. If a player signs an endorsement deal then quits, that revenue stream dries up, and future potential endorsement deals do, as well, because that player immediately becomes an unreliable marketing investment.
Tax avoidance happens in all industries. We didn't ban movies because Wesley Snipes didn't pay his taxes.