This bill amends the federal tax code to remove a special tax break that professional sports franchises have been receiving. Currently, sports teams can deduct unlimited amounts for payments to their highest-paid employees, particularly athletes, while other companies face restrictions on deducting executive compensation above $1 million per year. The legislation would eliminate this exception and require sports franchises to follow the same compensation deduction limits as other businesses, treating athletes' salaries the same way other industries treat executive pay. The changes would take effect for the 2027 tax year and beyond. The bill was introduced in October 2026 and referred to the House Ways and Means Committee.