"Bud" Selig made $18.3 million in 2007--future salary to be secret, SBJ

(SBJ): "MLB Commissioner Bud Selig earned $18.35 million for the league’s fiscal year ended Oct. 31, 2007, an amount up 22 percent from the prior year and one that again places him among the highest-paid individuals in all of sports.

• Selig’s pay is outlined in MLB’s most recently filed tax documents for the Office of the Commissioner. The amount covers the last full year of work for the longtime commissioner before he agreed to a three-year contract extension in January 2008 that will keep him in the post through 2012. That deal, at the time of its signing, was believed to call for further salary increases."...

(The entire 242 person MLB office made $98.9 million including Selig's salary. Also, they don't want you to know how much Bob Du Puy made in 2007).

• SBJ: "The latest tax filing is the second consecutive one to list only the compensation of Selig

• and not that of MLB President Bob DuPuy or any executive vice presidents.

• Those amounts had been listed in prior filings.

Last year’s filing had the names of DuPuy and other senior staffers but without pay totals....

• The omission of those senior staff compensation totals contradicts IRS filing requirements, nonprofit tax experts said.

“This rule is still on the books: The nonprofit needs to report the officers, directors and key employees, along with their compensation,” said Marcus Owens, former director of the IRS’s exempt organizations division and now an attorney with Caplin & Drysdale in Washington, D.C., representing nonprofits.

• “They arguably have filed what could be considered an incomplete return.”

The return will likely be the final one available to the public anyway, as

• the Office of the Commissioner has since gone through a change in filing status to become a for-profit limited liability corporation. MLB executives have said the move is tax-neutral for the league, but they have not articulated how that was achieved or, if that is indeed the case, why it was not pursued previously. DuPuy said in August that

• the switch, while motivated in part by a desire
• to avoid further public disclosures,

• would “better reflect the nature and structure of our business.”"...

(Nothing to worry about. It's just last-minute right wing distractions...)sm

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