How Mark Cuban Is Reacting to GOP Tax Law Change That Could Hit Sports Teams Hard

WASHINGTON — At least one North Texas sports owner isn't overly concerned that Congress' $1.5 trillion tax overhaul may include a hefty new tax on professional sports franchises.Dallas Mavericks owner Mark Cuban said this week that the team won't alter its roster strategy, even if the Internal Revenue Service interprets a one-word change in the sweeping legislation as potentially imposing capital gains taxes any time a team trades a player."It won't change our approach either way," he said, not elaborating further in a brief email to The Dallas Morning News.Others in the sports world might not be so indifferent.  Continue reading...

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