Wednesday, June 18, 2008

IRS slugs Prince Fielder with lien

IRS slugs Prince Fielder with lien
Posted by Robert Snell on Tue, Jun 17, 2008 at 5:26 PM

IRS says Prince Fielder owes $409,149 in federal income taxes: The Milwaukee Brewers first baseman is a former favorite son of Detroit, who grew up roaming a Detroit Tigers clubhouse inhabited by his father, slugger Cecil Fielder, who currently manages the independent league Atlantic City Surf baseball team.

Father and son share good genes, home-run power and, according to public records, financial issues. Four years ago, The Detroit News reported about how Cecil lost $47 million in career earnings through gambling and bad business decisions.

The two reportedly have been estranged since Prince accused his father of keeping $200,000 of the son's $2.4 million signing bonus without permission.

Prince, 24, is making $670,000 this year but the famous vegetarian is primed for a fat contract after the season.

What's owed:

* The IRS filed a $409,149 lien against Prince on Oct. 6, 2005, for unpaid income taxes. According to the lien, which you can see here, Prince owes the money from 2003, the year after he signed his first contract and received the $2.4 million signing bonus.

His side: Prince could not be reached for comment. A Brewers spokesman forwarded an inquiry to the office of Prince's agent, Scott Boras, who did not return multiple phone calls seeking comment.

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The article links to a copy of the lien here.

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