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James Cook to sign $48M extension with Buffalo Bills; all you need to know

James Cook to sign $48M extension with Buffalo Bills; all you need to know

Mint2 days ago
James Cook, the Buffalo Bills' star running back, has secured a four-year, $48 million contract extension with $30 million guaranteed. This deal seals Cook's role as an important part of Buffalo's high-octane offense, ensuring he remains a Bill through his prime years.
Negotiations for James Cook's extension weren't without drama. The 2022 second-round pick staged a nine-day hold-in during training camp, skipping practices and sitting out the Bills' preseason opener.
His return to full practice on Tuesday signaled progress, culminating in Wednesday's agreement.
'James could only envision himself as a Buffalo Bill,' Cook's agent, Zac Hiller, stated.
'We are extremely thankful to the entire Bills organization and glad we could make that happen,' he added.
James Cook's 2024 season was a turning point, showcasing his value to Buffalo's offense. He tied for the NFL lead with 16 rushing touchdowns, matching OJ Simpson's franchise record. He totaled 18 touchdowns, doubling his output from his first two seasons combined.
Ranking fifth in yards before contact per rush (3.1), Cook proved his efficiency despite playing just 45% of offensive snaps, sharing duties with Ty Johnson and Ray Davis.
James Cook's extension is part of the Buffalo Bills' aggressive offseason strategy to lock in key players. The Bills have secured long-term deals for several stars, reinforcing their commitment to a championship-caliber roster. Notable extensions include the following players:
QB Josh Allen - 6 years, $330 million
DE Gregory Rousseau - 4 years, $80 million
CB Christian Benford - 4 years, $76 million
WR Khalil Shakir - 4 years, $53 million
LB Terrell Bernard - 4 years, $50 million
RB James Cook - 4 years, $48 million
With James Cook's contract finalized, the Bills head into the 2025 season with a fully loaded offense. His ability to break tackles and contribute in the passing game complements Allen's arm, giving offensive coordinator Joe Brady a versatile weapon.
Buffalo's record-breaking 2024 offense, fueled by Cook's touchdown surge, will set the stage for a deep playoff run.
James Cook can now focus on building on his 2024 success after getting locked in through 2028. As the Buffalo Bills aim to dethrone the Kansas City Chiefs in the AFC, Cook's role as a dual-threat back will be critical. With a secured core, the Bills are poised for a thrilling season.
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IBC amendments plug a major gap in the insolvency process
IBC amendments plug a major gap in the insolvency process

Mint

time11 minutes ago

  • Mint

IBC amendments plug a major gap in the insolvency process

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The Supreme Court, however, stayed the bid, noting that the CoC had already been formed. The case is still being heard before multiple forums. On Wednesday, in SKIL Infrastructure Ltd's matter, the NCLT rejected the IRP's request to withdraw from the insolvency was admitted into insolvency in February 2024 after its financial creditor, Amluckie Investment Co. Ltd, filed for bankruptcy in February 2020. Other creditors blocked attempts to settle outside the formal process, underscoring the practical challenges of reaching consensus. Similarly, in March 2025, the NCLT rejected Syska LED Lights' bid to withdraw from insolvency proceedings initiated by operational creditor Sunstar Industries. Even after a settlement, financial creditors, including IDFC First Bank and State Bank of India, opposed the withdrawal. A mixed bag Though experts fear the proposal will give dissenting creditors more leverage, they also believe it will prevent the filing of frivolous applications under Section 12A. 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Damar Hamlin new back tattoo refers to scary cardiac arrest, NFL achievements
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Hindustan Times

time2 hours ago

  • Hindustan Times

Damar Hamlin new back tattoo refers to scary cardiac arrest, NFL achievements

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New Income Tax Bill 2025: Massive Relief For Pensioners! Commuted Pension Will Be Exempted From Tax
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India.com

time2 hours ago

  • India.com

New Income Tax Bill 2025: Massive Relief For Pensioners! Commuted Pension Will Be Exempted From Tax

photoDetails english 2945895 Updated:Aug 15, 2025, 07:06 AM IST Income Tax Bill 2025 Passed In LS 1 / 7 The revised Income Tax Bill 2025, passed in the Lok Sabha on August 11, has brought great tax relief to government pensioners and private investors. The new Bill states that the entire amount of commuted pension will be exempted from tax, regardless of employment, provided the pension is received from an approved pension fund. Income Tax Bill 2025 Effective From 2026 2 / 7 This provision will be effective from April 1, 2026. The benefit will be available in the income tax return for the financial year 2026-27. What Is Commuted Pension? 3 / 7 Employees have the option of receiving their pension in advance as a lump sum payment or every month once they retire. When an employee opts for a one-time lump-sum payout from a pension, it is called a commuted pension. Therefore, a commuted pension allows employees to get a lump sum amount at a time and the remaining amount in fixed installments throughout life. What Are Tax Exemptions For Commuted Pension? 4 / 7 The amended rule states that if a commuted pension is received from a 'specified fund' listed in Schedule VII of the Income Tax Bill, 2025, then the entire amount of the pension will be deductible from taxable income. This includes the LIC Pension Fund and other notified approved funds. The revised Bill introduces Section 93(1)(g) to include taxpayers who are not employees but have invested independently in approved pension plans. this means that a self-employed professional or private sector employee can now claim the same tax deduction as a retired government employee receiving a commuted pension. What Was Previous Commuted Pension Tax Exemption? 5 / 7 Previously, only government employees were eligible for a commuted pension tax exemption. Self-employed individuals or independent investors who voluntarily invest in recognised pension funds had difficulty getting an exemption. The amount of gratuity determined whether the commuted pension of the private investors would be exempted from taxes. However, the new Bill grants private investors the same tax exemption on commuted pension as government employees. Committee's Recommendation On Commuted Pension 6 / 7 Tax deduction for commuted pension lacked clarity in the previous version of the Bill. The Lok Sabha Select Committee in its observation said, 'The Committee, after a careful review of Clause 19, identified a gap in the equitable tax treatment of commuted pension for different types of recipients.' The committee recommended that a deduction for commuted pension, similar to that available to employees under Clause 19, be allowed under the head 'Income from other sources' for non-employees who receive such pension from a fund. Who Will Get Commuted Pension Tax Exemption? 7 / 7 Under the new provision, in addition to government employees, private sector employees, self-employed individuals and private investors who have contributed to an approved pension fund will be eligible to get tax exemption on commuted pension.

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