| Guaranteed NBA Contracts: Marital Claim to Future Earnings
Program Type: Recorded Webinar (Audio, PPT)
Program Level: Advanced
Prerequisites: Good knowledge of topic and experience in the field.
Advanced Preparation: None
Delivery Method: Group Internet-Based
CPE Credits: One (1) Hour
Fields of Study: Accounting
Shipping Weight: 0lbs. 0oz.
There are possible marital claims to future earnings in employment related contracts, such as the NBA Collective Bargaining Agreement (CBA). As employees develop their skills over the years, future compensation increases. For example, the CBA outlines future minimum and maximum compensation based on years of service. Experience earned during the course of the marriage allows for substantial future earnings, especially in the case for NBA players who have guaranteed contracts.
After completing this webinar, attendees will be able to:
- Differentiate between guaranteed future compensation and potential future compensation
- Identify a situation that may involve accrued compensation based on experience earned during the course of the marriage
- Calculate the marital portion of future earnings
- Cite relevant case law
- Identify when an expert may be required
Who Should Attend
CPAs and attorneys
Brian Hurst, JD, MSW
Mr. Brian J. Hurst earned both his juris doctor and masters in social work from Loyola University of Chicago. He was a senior associate at Rosenfeld, Hafron, Shapiro & Farmer where he served as second chair with Howard H. Rosenfeld in more than 20 trials. Mr. Hurst has gained extensive experience litigating, both as first and second chair, in numerous high asset financial cases and complex child custody cases at the Rosenfeld firm. Mr. Hurst continued his practice as a partner at Stein and Stein, Ltd., and then opened his own firm in January 2007.
Michael Saponara, CPA/ABV, CFF, JD
Mr. Michael A. Saponara is a managing director at Financial Research Associates and is the managing director in charge of the New Jersey office. His responsibilities include forensic accounting, litigation support, industry research, financial analysis, economic analysis, and valuation of privately-held businesses. Mr. Saponara has specialized in litigation support and forensic accounting since 1994. Mr. Saponara is a Certified Public Accountant accredited in business valuation as well as a licensed attorney, and has obtained his master of arts in economics degree.
Cindy Joseph, CPA
Mrs. Cindy Joseph is a financial analyst at Financial Research Associates. She participates in the valuation of privately held businesses, and is responsible for economic and industry analysis, financial analysis and forensic accounting. Mrs. Joseph is a Certified Public Accountant. Prior to joining Financial Research Associates, Mrs. Joseph worked in public accounting.