Tom Brady has been lounging on his yacht in Miami but just two years ago, on October $24,2021$ Tom Brady $($quarterback for the Tampa Bay Buccaneers$)$ threw his $600$th career touchdown pass to receiver, Mike Evans, marking a huge milestone in Tom Brady$$s career. After securing the touchdown, Mike Evans handed the ball off to a fan, Byron Kennedy, who was wearing an Evans jersey. Experts valued the ball at $$500,000!!!$ Of course, Tom Brady wanted the ball back $....$ But Byron Kennedy wanted to keep it for his home office. Eventually, Kennedy decided to give the ball to Brady stating, $$I knew how much it meant to Tom, and I was willing to trade.$$ Details of the exchange:

From Evans to Kennedy:

The ball he caught from Brady$$s $600$th touchdown pass $($as a result, valued at $$500,000)$

Signed jersey $($approximately $$250)$

Cleats wore in the record setting game $($approximately $$10,000)$

From Kennedy to Brady:

The ball Brady threw for his record setting $600$th career touchdown pass $($valued at $$500,000)$

From Brady to Kennedy:

$2$ signed jerseys $($approximately $$3,500$ each$)$

Helmet $($approximately $$2,500)$

Bitcoin worth approximately $$62,000$

From Buccaneers to Kennedy

Season tickets for the rest of $2021$ and all of $2022($approximately $$16,000)$

A $$1,000$ gift card to the Buccaneers team store

From Rob Gronkowski $($longtime Brady teammate$)$ through partnering with crypto company, Beyond Protocol $($Gronk has a sponsorship deal with Beyond Protocol, which tracks athletes$$ health data and records it on their blockchain to be matched with optimal nutrition and supplements$)$ to Kennedy:

$690$ tokens $($worth approximately $$31,000)$

We need to put together a memo summarizing the potential tax impacts from the facts above to Brady, Kennedy, Buccaneers, Evans, and Gronkowski$/$Beyond Protocol. Specifically, our summary should include realization events, recognition events, basis, etc. Please also include your level of comfort$/$confidence in the conclusions reached.

Be sure to include the authority for tax positions taken.