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Originally Posted by Gary Dunaier
I don't know if I'm hijacking the thread by asking this, but with Santana's no-hitter having taken place Friday night, this seems like a good place to ask.
One of the things we hear in the coverage of milestone home run balls is that the fan who finally comes up with the ball is immediately liable for taxes on the presumed market value, regardless of what the fan does with it.
The ball Santana threw for the final strike never left the field and is presumably in the custody of Santana or the Mets. I think it's safe to say that if this ball were put up for auction, it would sell for six figures due to its historical significance. I'm wondering if Santana or the Mets is just as liable for taxes on the value of the ball, whether or not they actually sell it - or does that just apply to fans?
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Gary,
No disrespect, but IMHO I can't imagine that the final strike ball from Santana's no-hit game would bring anywhere near six figures. Outside of the game ball from Don Larsen's perfect game in the 1956 World Series, I can't imagine
any no-hit ball from the modern era selling for north of $10,000.
Nolan Ryan threw 7 no-hitters and the most that any of his no-hit balls ever sold for was about $7,300 back in 1994 (a game used no-hit ball from his 7th no-hitter).
I'm quite sure that a player would never pay taxes on a ball from a game like this unless they sold it. Souvenir vs. capital gains...
Just my 2 cents....