Landmark decision on depreciation of athlete contracts by Falcons
U S District Court Judge Frank Hooper upheld the right of Falcons owner Rankin Smith to depreciate veteran player contracts for income tax, ruling that intangible assets such as an athlete's abilities may be depreciated. He trimmed the Falcons' deduction from more than 7 million to about 3.04 million, with 4.3 million reclassified to television pools. The decision centers on the 1967 expansion year and addresses value estimates from former Falcons personnel.
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Atlanta
U.S
Frank Hooper
Atlanta Falcons
National Football League
Falcons
Rankin Smith
Hooper
Steve Clay
Tateons
IRS
E. Cody Laird
Clay
Owever
Dallas Cowboys
Tex Schramm
Norh Hecker
Schramm
Hecker
Horsemen blast dog racing bill in California debate
A state assemblyman’s plan to legalize greyhound racing sparks fierce pushback from prominent thoroughbred interests. The horse racing industry warns that California’s golden goose could be harmed, noting horse racing’s multi‑million tax contributions and charity work, while questioning dog racing’s integrity and human involvement.
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Watts
Leon Ralph
California
Santa Anita
Horseman
Golden State Greyhound Association
Alabama
Arizona
Arkansas
Colorado
Ralph
Kings Clinch Playoff Spot With 2 1 Win Over Red Wings
Dan Maloney scored his 23rd of the season as the Los Angeles Kings beat Detroit 2-1 to lock in a NHL playoff berth. Bob Pulford praised the win, noting strong team defense and goal tending, while Butch Goring assisted on both Kings goals and Marcel Dionne added an assist on Detroit’s goal. The victory ran the Kings’ road mark to 17-6-8 and they next faced the Buffalo Sabres on the road.
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Detroit
Dan Maloney
Kings
Detroit Red Wings
Montreal
Maloney
Bob Negin
Butch Goring
Bob Pulford
NFL
Pulford
Danny Grant
Marcel Dionne
NHL
Gary Edwards
Tey
Buffalo Sabres
Channel 5
KTLA
Buffalo
Yaloney
Brown
Starteo UK
Goring Ga Hon
Dion
King says Wimbledon boycott off as prize money deal reached
Billie Jean King announced no boycott of Wimbledon after talks with All England Club chair Sir Brian Burnett. The compromise raises 1976 women’s prize money to 8 percent of men’s, with future year adjustments to close the gap. Men’s total purse remains largely higher, with singles champion set to receive different shares.
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Wimbledon
England
Billie Jean King
Women's Tennis Association
Ms. King
WTA
Brian Burnett
All-England
Burnett
Jerry Diamond
Poly Opens CIF Playoff Action At Long Beach City College
Poly High hosts Westminster in CIF playoff opener as Jackrabbits ride a 20 4 record into the game. Coach Ron Palmer notes Westminster's zone and delay defense present challenges while Poly relies on center Michael Wiley and forward Jonny Nash to pace the attack in a bid to reach the quarterfinals at Long Beach Arena.
MENTIONED IN THIS ARTICLE
Ken Pivernet
Ron Palmer
Poly High
Westminster
Palmer
N’t
Poly
Blazers edge Lakers in double overtime at Forum
Lloyd Neal stepped up for injured Bill Walton scoring a career high 27 as Portland beat the Lakers 117 to 114 in two overtimes at the Forum. Lucius Allen led Los Angeles with 39 points, Brian Winters added 26, Sidney Wicks 27 rebounds, and Portland moved four games ahead in the Pacific Division as Los Angeles suffered its sixth straight loss.
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Lloyd Neal
Bill Walton
Portland Trail Blazers
Lakers
the Forum
Neal
Portland
Forum
Lucius Alen
Laker
Sidney Wicks
West Coast
Allen
Blazers
Johnny Johnson
Winters
Johnson
Posis
Gail Goodrich
Bill Sharman
Sharman
Kermit Washington
Happy Hairston
Washington
Elmore Smith
49ers meet Aztecs for crown and pride
Long Beach State prepares for a key Pacific Coast Athletic Association showdown with San Diego State at the Long Beach Arena. The 49ers seek a sixth straight title, needing a win after a Feb 1 loss spurred a three game skid. San Diego State pushes for a share of the title and a potential NCAA berth with a win, while Long Beach finishes the season with Cal State Fullerton.
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Long Beach State
Pacific Coast Intercollegiates. Com
Crest
Riverside
Long Heavh State
Dwight Jones
49Ers
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San Diego State
Long Beach
Pacific Coast Athletic Association
PCAA
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Wil
Ders
Antees
TCAA
Cal State Fullerton
Stresao State
Long Booth State
Fresno State
San Dose
Fuwetion Eos
Pacific i
Tanahi Sao Dieno State
Lona Beach State
Lone Beach Arena
Fullerton
Lona Beach
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Veil Gael Sedon
Talifornia Hewsparer Publishers Ltd
John Dixon
Wankollingworth
Mans Best
Jorse
Colin Fadt
Walt McKechnie
Bob Berry
Ai Wireahato
Clip Red Wings
Red Wings
Mote
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Ontario Motor Speedway
Los Angeles City College
Long Beach City Calera
Jordan
Schurr
Houghton Park
Millikan
el Segundo
Lakewood
Savana
Stoukhirst Park
Los Alamitos
Murphy
St. Anthony
Clark Ave
Volleybah
Long Beach City College
Peppardine
Baasketball
Lom
Hench State
L.B. Arena
Apan
Olympic Auditors Wmn
Naskethal
CIF
Paly
Long Keach City College
BJK
Wilson
Millikay
Paly Hinal
Fountain Valley
Marina
Lawn Wilson
Jonny Nash
James Hughes
Clyde Johnson
Leif Hertzog
Long Boch
Moniz
Chacon
Jets
Bulldogs
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Theers
Resno
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Stockton
Luch
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Kins
Huffalo
Olympic
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Buffala
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Los Angeles
KLON
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San Diven
KPOX
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