Next month, the IRS will auction off Darryl Strawberry’s contractual right to receive payments under his deferred compensation agreement with the New York Mets.
Strawberry owes a tax debt for the years 1989, 1990, 2003 and 2004. The U.S. had valid and subsisting federal tax liens against all property and rights to property belonging to Strawberry, including the right to receive payments under the deferred compensation agreement, according to the District Court for the Northern District of Florida, Tallahassee Division.
The minimum bid for the sale is $550,000. The sale will be held on Jan. 20, 2015 by the IRS Property Appraisal and Liquidation Specialists unit, which may, if the minimum bid is not met or exceeded, hold a new public sale and reduce the minimum bid. Twenty percent of the bid is required to be deposited with the acceptance by PALS of the high bid in the form of a certified or cashier’s check.
The agreement is worth about $1,279,000, according to the IRS.
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