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#11
06-02-2012, 10:12 PM
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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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