NFL Will Finally Pay the Tax Man
Giving up tax-exempt status means it no longer discloses exec compensation
By Polly Davis Doig,  Newser Staff
Posted Apr 28, 2015 12:27 PM CDT
In this March 25, 2015, file photo, NFL Commissioner Roger Goodell addresses the media at a news conference at the NFL's annual meeting in Phoenix.   (AP Photo/Ross D. Franklin, File)

(Newser) – The National Football League has decided to let the tax man come calling after its billions in revenue, reports NBC Sports. The league will voluntarily give up its controversial tax-exempt status, a 501(c)(6) exemption it's held since 1966, which Commissioner Roger Goodell dismissed today as a "distraction," reports the AP. The silver lining for the league is that it's also giving up its obligation to disclose executive compensation, notes NBC. Individual teams already pay taxes and won't be affected.

 

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