When I read that the new Iowa QB, or any other college player, is getting $1 million to transfer, how is that paid?
By cashier check in lump sum? By direct deposit/wire transfer?
Or does it come in several payments over a period of time?
Are any income taxes withheld if the recipient desires that?
Just curious how the money is actually handled, since it is all "above table" now.
By cashier check in lump sum? By direct deposit/wire transfer?
Or does it come in several payments over a period of time?
Are any income taxes withheld if the recipient desires that?
Just curious how the money is actually handled, since it is all "above table" now.
