Chicago Bears Block #1 Draft Pick Caleb Williams' Tax Savings Strategies In His Contract

SB Nation, Caleb Williams Asked Bears to Pay Him as an LLC:

Caleb Williams has finally signed his rookie contract with the Chicago Bears. What took so long? Williams’ representatives were reportedly making some unprecedented requests for his contract before he put his name on the dotted line.

Williams was still participating in rookie and team activities, but he hadn’t signed his four-year, $39 million deal with the Bears until earlier this week. According to Pro Football Talk, there were differences in the language of Williams’ contract, including one odd request I don’t think I’ve ever seen a player make.

In negotiating his rookie deal, Bears QB Caleb Williams explored creative tax strategies, from being paid as an LLC to having payments treated as a forgivable loan. https://t.co/hzrn5Gsr44

— ProFootballTalk (@ProFootballTalk) July 17, 2024

@brandonanthonyclark

Caleb Williams tried to outsmart the NFL with a genius tax-saving move, but the league shut him down. Discover how he planned to save big and why it didn’t work! Plus, learn about the alternative strategy used by Jim Harbaugh that could be a game-changer for athletes!

♬ original sound - Brandon Anthony Clark

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