Both Equal Pay Day and the NCAA women’s and men’s basketball championship games occurred last week. With the popularity of the tournaments, questions have been raised by the media and public about the differences in coach salaries. Within the last six months, the University of Connecticut (“UCONN”) extended the contracts of both of its basketball head coaches — Kevin Ollie and Geno Auriemma. Ollie, as the men’s team coach has had one national championship during his tenure; while Auriemma, the women’s coach, has won 11 national titles. Despite Auriemma’s impressive record, Ollie received a more lucrative package from UCONN, which is typical in the sports world.
In an effort to combat money laundering, the U.S. Treasury Department requires additional disclosures in certain types of real estate transactions. First passed in March 2016, the disclosure requirements apply to a non-individual (corporation, LLC or partnership) who purchases a residential property for “all cash.” The rules were recently renewed and apply at least through … Read more