Now that the American people have elected a President who has vowed to roll back the Bush tax cuts for those making more than $250,000 per year, baseball agents are already planning to get raises for their players before the end of current calendar year. But will football agents do the same? The deadline for counting 2008 salary increases only against the 2008 salary cap came and went on Monday, with only Packers quarterback Aaron Rodgers getting a huge boost in the money he’ll receive under the lower tax rates. Still, extensions can still be done before the end of the year, with much of the big money being paid out before the federal tax rate moves from 35 percent back to 39.6 percent for folks making more than $250,000 per year. Working against the desire to take home a higher percentage of a player’s paycheck is the possibility of hitting free agency in the uncapped year. So that’s the ultimate question for NFL players: Will I have more money in my pocket if I wait until 2010, even if I’ll be paying a higher percentage of my wages to Uncle Sam?
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