Latrell Mitchell Contract Discussion

[Tim Sheens]

The Latrell signing is intentionally taking time as he is being paid by the Roosters since October so by the end of December it’s basically 1/4 of the seasons payments made. He’s not due back to training until January I read.
If a club signs and pays him 800k he is already paid 1/4 of his contract value by the Roosters and then the new contract.

His manager is smart whether it’s Souths, Titans, Tigers or others he has played everyone badly. The longer he takes the more he gets paid and the more options open up.

It’s very bad for his brand and probably not advisable long term but it will make sense.

So if a season is November 1 to October 31 (let's just say for argument's sake), then if a player signs on January 1, with 2 months already gone, surely the $1 million dollar a year rate would be for a full year, and a club would say well with 2 months already gone out of 12, it's only 10/12 (or 5/6ths) of that rate you will actually get for the first year?? Why on earth would you pay* someone the full rate when they were not in your employment the full term?

Or is rugby league just like that?

Edit: Corrected a typo

The chooks would have already paid Mitchell his November monies and will be liable for any further payment until he is released. Same for WT if they had not released Matterson by 31 October.

The amount any new club signs a player for will be owed in full for that present season, even though only part of one.

 

[JD Tiger]

The Latrell signing is intentionally taking time as he is being paid by the Roosters since October so by the end of December it’s basically 1/4 of the seasons payments made. He’s not due back to training until January I read.
If a club signs and pays him 800k he is already paid 1/4 of his contract value by the Roosters and then the new contract.

His manager is smart whether it’s Souths, Titans, Tigers or others he has played everyone badly. The longer he takes the more he gets paid and the more options open up.

It’s very bad for his brand and probably not advisable long term but it will make sense.

So if a season is November 1 to October 31 (let's just say for argument's sake), then if a player signs on January 1, with 2 months already gone, surely the $1 million dollar a year rate would be for a full year, and a club would say well with 2 months already gone out of 12, it's only 10/12 (or 5/6ths) of that rate you will actually get for the first year?? Why on earth would you pay* someone the full rate when they were not in your employment the full term?

Or is rugby league just like that?

Edit: Corrected a typo

The chooks would have already paid Mitchell his November monies and will be liable for any further payment until he is released. Same for WT if they had not released Matterson by 31 October.

The amount any new club signs a player for will be owed in full for that present season, even though only part of one.

But when you sign a player "mid-year" in like June, you are really only getting them for the remaining four months (or so) of that year, and there's no way you'd pay them a full year 's salary for that 4 months. Surely whenever they start, the time left in the year gets considered?

I realise that usually when you sign a player mid year (like when we signed MBye for example), it was a package deal, x point whatever million dollars over however many years it was, so the total number for that first year may not be made publicised, but I think the example stands?

 

[Tim Sheens]

The Latrell signing is intentionally taking time as he is being paid by the Roosters since October so by the end of December it’s basically 1/4 of the seasons payments made. He’s not due back to training until January I read.
If a club signs and pays him 800k he is already paid 1/4 of his contract value by the Roosters and then the new contract.

His manager is smart whether it’s Souths, Titans, Tigers or others he has played everyone badly. The longer he takes the more he gets paid and the more options open up.

It’s very bad for his brand and probably not advisable long term but it will make sense.

So if a season is November 1 to October 31 (let's just say for argument's sake), then if a player signs on January 1, with 2 months already gone, surely the $1 million dollar a year rate would be for a full year, and a club would say well with 2 months already gone out of 12, it's only 10/12 (or 5/6ths) of that rate you will actually get for the first year?? Why on earth would you pay* someone the full rate when they were not in your employment the full term?

Or is rugby league just like that?

Edit: Corrected a typo

The chooks would have already paid Mitchell his November monies and will be liable for any further payment until he is released. Same for WT if they had not released Matterson by 31 October.

The amount any new club signs a player for will be owed in full for that present season, even though only part of one.

But when you sign a player "mid-year" in like June, you are really only getting them for the remaining four months (or so) of that year, and there's no way you'd pay them a full year 's salary for that 4 months. Surely whenever they start, the time left in the year gets considered?

I realise that usually when you sign a player mid year (like when we signed MBye for example), it was a package deal, x point whatever million dollars over however many years it was, so the total number for that first year may not be made publicised, but I think the example stands?

The existing club is responsible for cap monies relevant to the contract amount up to release date for that season (plus any agreement for further seasons if applicable).

The new club is responsible for the full amount agreed to in the contract for the remainder of the part season and all seasons thereafter if any. The new club knows exactly how long they are going to have the new player and are paying him accordingly on a monthly basis unless otherwise agreed.

 

[Tim Sheens]

I don't follow the logic of delaying negotiations.

It's not in Latrell's interest to drag it out as the Roosters would only be paying him based on his existing contract for 2020 - suggested to be around $450-500k. The longer he takes the more he loses.

I don't see it making much, if any difference to the overall amount, except that more will be coming out of the chooks salary cap.

Latrell would still be resting no matter whether he had signed with a new club or not. Potential new clubs know that and would still be paying him basically the same amount for mine and possibly a bit less because the chooks would already be responsible for $50k odd.

 

[Roar_Power]

The Latrell signing is intentionally taking time as he is being paid by the Roosters since October so by the end of December it’s basically 1/4 of the seasons payments made. He’s not due back to training until January I read.
If a club signs and pays him 800k he is already paid 1/4 of his contract value by the Roosters and then the new contract.

His manager is smart whether it’s Souths, Titans, Tigers or others he has played everyone badly. The longer he takes the more he gets paid and the more options open up.

It’s very bad for his brand and probably not advisable long term but it will make sense.

So if a season is November 1 to October 31 (let's just say for argument's sake), then if a player signs on January 1, with 2 months already gone, surely the $1 million dollar a year rate would be for a full year, and a club would say well with 2 months already gone out of 12, it's only 10/12 (or 5/6ths) of that rate you will actually get for the first year?? Why on earth would you pay* someone the full rate when they were not in your employment the full term?

Or is rugby league just like that?

Edit: Corrected a typo

Yep it would definitely be a pro-rata payment for the first year.

 

[Geo]

Nope..whatever figure is agreed upon between player and his new Club is paid...comes out of the Cap allotment..

If we offer Latrell 800K for 2020...we pay Latrell 800K...and 800K is allotted to the Cap..

What the Rorters owe him for fishing n shooting is irrelevant

 

[Tcat]

How good would it be to make the top 8 easily in 2020 and those players who had the option to come here wallow in the bottom 4 and wonder what could have been. Probably won't happen, but I can only dream.

 

[Newtown]

Author
Michael Chammas
Chief Reporter
Timestamp
Fri 6 Dec 2019, 06:01 PM

Sam's retirement, Walker contract stand-off opens door for Souths to chase Latrell

 

[weststigers]

Sooo...are we still the only ones with the cash to sign him fro 2020?

 

[Goldust]

Surely there is no way Souths can afford Arrow and Latrell.......that is the logical assumption most NRL fans are probably thinking.
In reality they will probably end up with both.

 

[happy_tiger]

Surely there is no way Souths can afford Arrow and Latrell.......that is the logical assumption most NRL fans are probably thinking.
In reality they will probably end up with both.

And JAC .....and still won't win a premiership

 

[Goldust]

Surely there is no way Souths can afford Arrow and Latrell.......that is the logical assumption most NRL fans are probably thinking.
In reality they will probably end up with both.

And JAC .....and still won't win a premiership

? so true!
They got very lucky in that final last year against manly
A pretty disappointing year for them considering their roster

 

[Spud_Murphy]

Author
Michael Chammas
Chief Reporter
Timestamp
Fri 6 Dec 2019, 06:01 PM

Sam's retirement, Walker contract stand-off opens door for Souths to chase Latrell

Oh wow! What a surprise!...Not

 

[GNR4LIFE]

Who cares about Burgess. If we get LM, Greenberg can do his next press conference in a Souths jersey, singing Glory Glory for all I care.

 

[Telltails]

South's current roster looks a little light on for star players compared to the likes of the Roosters and Storm. Now they are cashed up worst case scenario for us.

 

[Goldust]

South's current roster looks a little light on for star players compared to the likes of the Roosters and Storm. Now they are cashed up worst case scenario for us.

Definitely in the forwards
They have strike elsewhere

 

[CCTW]

Latrell to Souths to be confirmed within the week.

Tigers and Roosters both chasing Cotric for 2021. Cotric looking to move off the wing.

 

[Elderslie_Tiger]

Latrell to Souths to be confirmed within the week.

Tigers and Roosters both chasing Cotric for 2021. Cotric looking to move off the wing.

If WTs are chasing Cotric they will need to go in BIG his mate WIGHTON is still unsigned.

 

[Madge]

and it all begins again..

 

[avocadoontoast]

Latrell to Souths to be confirmed within the week.

Tigers and Roosters both chasing Cotric for 2021. Cotric looking to move off the wing.

U said that over a month ago and have repeated it several times since. You either have a better source than everyone else or you’re a troll. Which is it?