$4.8m player pay rise

Geo

Moderator
Staff member
Forum Leader
Joined
Jul 10, 2009
Messages
47,817
Location
Campbelltown NSW..
$4.8m player pay rise
>
* By Phil Rothfield
* From: The Sunday Telegraph
* May 30, 2010 12:01AM
Melbourne Storm salary cap
>
The door…the Melbourne Storm may be forced to show Billy Slater the door despite the proposed increase in the salary cap? Source: The Daily Telegraph
>
IN a huge victory for players, the NRL salary cap will be increased by $4.8 million across the 16 clubs next season, but it still won't allow Melbourne Storm to keep all their stars.
>
The Sunday Telegraph understands the Storm's current player roster is $850,000 over the cap this year - but a staggering $1.2 million for 2011.
>
In a major boost for players, each club will be allowed to spend an extra $300,000 next year as a result of the NRL's recently negotiated $45 million contract over 10 years with the NSW Government to keep the grand final in Sydney.
>
NRL management has decided to give the clubs an extra $3.2 million ($200,000 each) in grants from the $4.5 million a year that will be coming from the Labor Government coffers. On top of the grants, they will be allowed to spend an extra $100,000 on players.
>
NRL boss David Gallop will wait until after the upcoming chief executives meeting to confirm the biggest salary cap increase since the Super League war.
>
The game's hierarchy has been under huge pressure to increase player payments since the Storm salary cap rorting was exposed.
>
Gallop has personally met with more than a dozen of the game's biggest names in recent weeks to discuss salaries and ways to increase payments without putting struggling clubs in danger of collapse.
>
"We've always been willing to listen to the players and their concerns," Gallop said. "At our last CEOs' meeting, we agreed the clubs would put some ideas and proposals together to improve the salary cap.
>
"That's our next step and obviously the money we are getting from the government deal to keep grand finals in Sydney will be part of our next lot of discussions."
>
But the Storm are still likely to have to offload one of their big four players - Cameron Smith, Billy Slater, Greg Inglis or Cooper Cronk - following revelations that their salary cap cheating only gets worse next season.
>
The Sunday Telegraph understands salary cap auditor Ian Schubert and forensic accountants have discovered Storm officials were planning to spend $5.3 million next year. The club has already off-loaded Aiden Tolman ($250,000) to the Bulldogs and Brett Finch ($150,000) is expected to announce he is leaving within days.
>
That leaves Storm with $4.9 million on their books for 2011 and means they will have to lose another $500,000 worth of players to get back to the increased $4.4 million salary cap. Kiwi international Jeff Lima ($200,000) is also expected to leave.
>
A salary cap increase will put life back into a player market that has been slow because clubs have been waiting to see which Storm players will go onto the market and find out how much they will have to spend next year. It will also help St George Illawarra in their bid to sign centre Mark Gasnier for a minimal amount this year and back-end the deal into the next two seasons.

The good the comes out of the Rorting Storm...

Perhaps we can keep our young guns and some....
 

Granto87

New member
Joined
Oct 12, 2009
Messages
736
This is great news only problem is marquee players will comand more, but this will work in good for us as most of our players are already locked into long contracts… This could be a Humphreys master stroke lock them all in for a long period of time before the rise occured
 

Juro

Well-known member
Joined
Jul 12, 2009
Messages
2,858
I'm not too fussed if the grand final gets moved around. Don't see why NSW tax payers need to fork out so much for it every year.
 

galahs

New member
Joined
Jul 13, 2009
Messages
990
Location
NSW
I hope they raise the minimum wage by at least $2,000 to keep up with inflation.
 

galahs

New member
Joined
Jul 13, 2009
Messages
990
Location
NSW
@Juro said:
I'm not too fussed if the grand final gets moved around. Don't see why NSW tax payers need to fork out so much for it every year.

because its the only big sporting event NSW has on its calendar :laughing:
 
Top