The gift GIVER pays the tax, per IRS code:

http://www.irs.gov/businesses/small/...8139,00.html#1

So the kid should pay...Jeter is clear (ironic, isn't it). I posted similarly in the other thread. Here is what should happen IMO:

Jeter pays $100K...the NY Yankess pay $50K...Ford pays $50K...Steiner pays $25K...Modells pays $25K. That's $250K for the kid, Derek owns the ball. The kid pays tax on it, but that's life...he'll pocket a good amount of money and can continue his endorsement deals.