REVscene Automotive Forum - Fan who returned Jeter ball to get tax help

Fan who returned Jeter ball to get tax help

Quote:

The fan who gave Derek Jeter back the baseball from his 3,000th hit and later got thousands of dollars in tickets and signed balls from the New York Yankees may get some help with taxes he'll likely have to pay.

Miller High Life has offered to cover the taxes for Christian Lopez on the estimated $60,000 worth of gifts that resulted from the baseball fan's catch at Yankee Stadium on July 9.

The Internal Revenue Service could view the gifts as income, meaning Lopez could be on the hook to pay taxes of $10,000 or more.

"Miller High Life believes you should be rewarded for doing the right thing, not penalized," Miller High Life brand manager Brendan Noonan, told CNBC.

"We want to recognize Christian Lopez, and in turn everyone like him, for doing the common-sense thing and help him continue to live the High Life."

Lopez will also get a bit of memorabilia to keep — his own baseball card.

Topps says it will produce a trading card featuring Christian Lopez that will be included in sets later this year.

"We thought what he did captures the essence of what baseball and the Topps company is about," said Mark Sapir, Topps vice president for sports.

The recent college graduate with outstanding student loans will get some financial help, too.

Memorabilia dealer Brandon Steiner and sporting goods CEO Mitch Modell said they will make sure Lopez gets at least $50,000 toward his outstanding student loans of $150,000 US.

Steiner said he got a call on Wednesday from his buddy Modell, and they got the ball rolling. Steiner set up an auction of memorabilia that eventually will include baseballs signed by both Lopez and Jeter and said Modell is pledging five percent from the sale of Yankees-related merchandise at the Modell's chain during what will be called "Christian Lopez Week."

"That itself is a totally awesome situation right now for all parties involved," Lopez said.

What impressed the sports executives — as well as countless fans across the country — was the way a 23-year-old mobile phone salesman passed on the chance to sell the ball.

Instead, Lopez gave the ball to Jeter, saying he deserved to have the keepsake.

"Can you believe how good a mensch this kid was?" Steiner said.

Lopez has been overrun with requests since Saturday.

"It's been overwhelming to be honest with you," he said. "It's been a little crazy. But I'm handling it as best I can. I'm trying to get back to everybody I can."

That includes Topps.

"Yeah, I spoke with them a couple days ago," Lopez said. "All I know, is they kind of want to make a baseball card out of me."

Lopez was an avid collector as a kid. He said he has "probably a couple thousand baseball cards."

His favorite? A Yankees card, of course. It depicts Babe Ruth and one of the Yankees' owners at the time he came over from the Red Sox in 1920.

"It's a very dear card to me. I've had it for 15 years now or so," Lopez said.

Now he'll have another Yankees card to keep next to it.

Read more: Fan who returned Jeter ball to get tax help