NFL Drama: Caleb Williams' $39M Contract Tax Move:
Chicago Bears’ rookie quarterback Caleb Williams made headlines by requesting that his $39N million contract be paid through his LLC or as a loan. The goal? To reduce state tax burdens. However, the NFL denied his request.

According to yahoo!Finance: Williams is signed to the Chicago Bears as a first-round draft pick in the 2024 NFL Draft. ESPN reports he signed a four-year contract worth around $39 million, including a $25.5 million signing bonus. Williams, who negotiated without an agent, made unconventional requests during contract talks, including being compensated as an LLC and receiving a forgivable loan to defer taxes. The NFL denied both proposals. The Bears' general manager, Ryan Poles, stated that such requests are common in early negotiations, and was pleased the deal was ultimately finalized in a standard manner.
Why This Matters: The Tax Implication
Had Williams succeeded, this strategy could have significantly lowered his tax liabilities. But what if he could have gone a step further? He could have saved even more by transitioning from a W-2 earner to a multinational corporation (MNC).
How You Can Apply This Strategy
It's not just for athletes—becoming an MNC offers legal tax advantages that high-net-worth individuals often use to protect their wealth. By spreading your business wings across borders or going ‘offshore,’ you can tap into international tax laws that could aid in tax planning.
Ready to Save Big? Try Our Simply Global Calculator

Curious about your possibilities? Use the free Simply Global calculator to see your potential tax savings by going multinational. Enter your estimated income, then watch the numbers fly to show how much you could save as an MNC.
Is This Legal?
With proper structuring and guidance from qualified tax professionals, offshore strategies can comply with regulations and are often utilized by the wealthy to optimize their businesses.
Unlock Financial Freedom: Become an MNC
At Simply Global, we help high-net-worth individuals like you tap into these financial opportunities. Schedule a consultation to see how you can benefit from turning your business into an MNC.
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