Breaking: Alex Ovechkin is returning to the Washington Capitals on a one-year contract, the team announced Thursday.
The deal includes a $1 million salary, a $4.75 million games-played bonus after appearing in 10 games, and a $3.25 million signing bonus.
Recapping the #Caps’ moves today:
F Boone Jenner 4 x $5.75M
D Vincent Desharnais 4 x $4.2M
D Justin Holl 1 x $900K
F Jonny Brodzinski 1 x $850K
F Josh Dunne 1 x $850K
All that on top of last week’s additions of wingers Alex Tuch and Jordan Kyrou.
Needless to say, Caps fans should be pumped for next season
BLOCKBUSTER: The Boston Celtics have agreed to trade Jaylen Brown to the Philadelphia 76ers for Paul George, two first-round picks and two second-round picks, sources tell ESPN.
NEW: IRS to hold a public hearing on 90% gambling loss deduction cap IF at least 1 person submits a request to appear along with an outline no later than Tuesday, July 7.
Hearing to be held at 10am ET on July 17. A telephone number & access code will be required to attend the meeting.
TLDR: If you bet on sports in North Carolina, the state government wants 4% of your winning wagers with no deductibility of losing wagers.
The operators will be required to send them your betting records.
A $50 bettor who makes 20 wagers a week will LOSE $2600 a year and STILL OWE $1040 in state taxes and about $100 in federal taxes.
Never seen a bigger endorsement of Prediction Markets than this.