Posted on 03/11/2005 9:37:29 AM PST by Rakkasan1
The Mike Tice ticket-scalping case took another strange turn Thursday with an Internet report that the Vikings' head coach had admitted to selling for profit part of his personal allotment of 12 tickets to last month's Super Bowl. Reached by the Pioneer Press, Tice said that, on the advice of his attorney, he had no comment. According to the report on the Sports Illustrated Web site, Tice sold some of his tickets for $1,900 apiece, a profit of at least $1,300 on each one sold. Tice made $750,000 in salary last season and is scheduled to make $1 million next season, but he is paid the least of any National Football League head coach. "I probably shouldn't have sold my tickets," SI.com quoted Tice as saying. "I made a mistake. I regret it. I'll never do it again. I'm going to be in trouble. I'll probably get slapped with a big fine."
(Excerpt) Read more at twincities.com ...
Oh, (shaking head sadly), what a strange world. As a long time Viking fan, I'm so disappointed. Tice seemed to turn the Vikes around after the Dennis Green years. They were winning games. They will be getting rid of Moss and have new ownership. I hoped this signaled a positive shift for them, now this...
Is he a Democrat?
I guess I've never understood why re-selling tickets is illegal.
What does that matter?
I'm a big Viking fan also. However, I am surprised Tice was not fired at the end of this past season. I cannot say I'm impressed with him.
i think he's a staunch bush fan...
I suppose now the question will be "Who ratted him out?"
".....Thursday with an Internet report that the Vikings' head coach had admitted to selling for profit part of his personal allotment of 12 tickets to last month's Super Bowl."
What exactly is wrong with someone selling their personal property?
Hovan is a prime suspect.
someone who got cut...most likely Hovan.
You and me both. I was hoping they'd can him after the fiasco in Arizona last season. Looks like Ted Cotrell will be the next coach, at least in the interim.
you can get prosecuted by the IRS for not reporting garage
sale money.
(but the tax code needs no reform)<sarcasm
I have never understood either. It's like buying a stock, a house or anything, but you can only sell it for what it was worth when you bought it.
I doubt it.
Tice will introduce Bush at Saturday rally [Minneosta Vikings coach]
http://www.freerepublic.com/focus/f-news/1261528/posts
However, Sloth and I are both aware of the laws, we are wondering why it only applies to sports, theater, concert, etc. tickets and not other goods and services.
Neither do I. I can see owing income tax on the profit (or sales tax on the transaction), but I don't see what's wrong with the sale.
Of course, I also don't see why someone making $750,000 a year would risk his career for roughly $10,000. He could have donated the tickets to charity and taken a tax deduction worth almost that much.
Most of these anti-scalping laws are a joke anyway. Travel agencies long ago figured out that they could legally scalp tickets by combining a $150 flight and $100 hotel room with a $100 ticket, and sell the whole package for $2,000 to someone who was willing to pay that much money for a Super Bowl ticket.
I find that hard to believe.
Not because the IRS doesn't want the money, but because most items are sold at garage sales are sold for far less than they originally cost. So if I sell a $1,000 couch for $50 ten years after I bought it -- and can document all of the transactions carefully with receipts -- I might technically be able to write off a $950 loss on my taxes.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.