Salary cap
Posted by: shrewsburyman (IP Logged)
Date: 02 June, 2020 10:45

According to the BBC agreement has been reached on the Mynors report dealing with the salary cap however not sure the level of the cap or issue of the two marquee players is settled.

Re: Salary cap
Posted by: BantamWarrior (IP Logged)
Date: 02 June, 2020 13:50

A classic "Yes Minister" style fudge I'm afraid.

The formal recommendations did not include the reduction in salary cap and the removal of the Marquee players. These were just "called for" by Myners.

This use of political double speak allows the RFU to say it has complied fully with all the recommendations made (points deductions, removal to titles, player accountability etc) - whilst avoiding doing anything on one of the underlying root causes, being the inflation caused by Marquee salaries.

My prediction - expect to see a lot of noise in the press about the need to reduce costs, remove marquee salaries and lower the cap - but nothing will get done as Bristol et al will quietly veto any proposal in the backgroud.

Re: Salary cap
Posted by: RJC (IP Logged)
Date: 02 June, 2020 15:05

I think you'll find that Lansdowne has been quite vocal in his reasoning for vetoing any proposed changes to the cap and marquee players.
Pat's also been very vocal on his philosophy for recruitment.

We're losing some big earners and a number of squad players through either retirement or moving onto a new club.
We've got 7 coming in, and 13 going out with at least another 6 out of contract at the end of the season.
We currently have a senior squad of 38, and about 10 senior academy players, this has probably been the smallest the squad has been since the season after Exeter beat us in the playoffs.

Re: Salary cap
Posted by: shrewsburyman (IP Logged)
Date: 08 June, 2020 11:10

Seems that there is a key meeting taking place today regarding the salary cap. It is reported that Worcester, Wasps, Gloucester and LI are pushing for a 25% reduction in the cap and changes to the marquee players regulations. Suggests to me that group plus Newcastle are under the most pressure from a financial point of view.

Re: Salary cap
Posted by: Faithful_City (IP Logged)
Date: 08 June, 2020 11:38

I would agree with that, I do believe it would be best for Premiership rugby’s survival if they get their wish.

JP

Re: Salary cap
Posted by: James_P (IP Logged)
Date: 08 June, 2020 11:50

Can't help but feel clubs are using this an an excuse for bad budgeting and equally poor recruitment. We were 2m under the cap last season, are comfortably under this season and will be just about at the cap next season. If a club can't afford it, don't spend the money.

Re: Salary cap
Posted by: shrewsburyman (IP Logged)
Date: 08 June, 2020 12:12

Are you referring to Worcester, James?

Re: Salary cap
Posted by: shrewsburyman (IP Logged)
Date: 08 June, 2020 12:40

It seems Bath, Bristol and Exeter are opposed to change possibly supported by Sarries. The proposed cut to £5.5m and changes to the marquee system were voted down on Sunday so perhaps a compromise can be reached. Very saddened to see Exeter lined up with the others and just hope that they will support a compromise motion today.

Re: Salary cap
Posted by: Jim H (IP Logged)
Date: 08 June, 2020 15:43

Quote:
shrewsburyman
It seems Bath, Bristol and Exeter are opposed to change possibly supported by Sarries. The proposed cut to £5.5m and changes to the marquee system were voted down on Sunday so perhaps a compromise can be reached. Very saddened to see Exeter lined up with the others and just hope that they will support a compromise motion today.

Why would Exe be against it? They came and got less funding, didn' spend to the cap and re now in a good position. They spend to the cap (I assume) and make a profit, why would they limit themselves? Bristol are in a similar positon, never used to be able to spend to the cap, now we can (though according to the CEO we aren't & won't next season) so why would we? The aim is to compete in Europe and cutting the cap won't help..

Re: Salary cap
Posted by: TrueWarrior (IP Logged)
Date: 08 June, 2020 17:21

Have to agree. There is no point any club aspiring for top 6 if when you get there, you will get battered in Europe by French and Irish clubs. I do think if we didn't have the financial troubles we do, we would want it to remain.

Re: Salary cap
Posted by: Jim H (IP Logged)
Date: 08 June, 2020 19:50

Guardian reporting it was unanimously agreed to lower the cap to £5M for 21-22, with marquees, with a view to increasing back to current levels after that.

Surprised by that to be honest....

Re: Salary cap
Posted by: Faithful_City (IP Logged)
Date: 08 June, 2020 20:13

Quote:

Premiership clubs have unanimously agreed to cut the salary cap by £1.4m.

The senior ceiling will come down to £5m from the 2021/22 season, plus the existing £600,000 of academy credits, to help clubs with the losses incurred as a result of coronavirus.

The reduction will be in place until the end of the 2023/24 season. An announcement is expected on Tuesday.

It is hoped the cap could then return to the current level of £6.4m plus £600,000 academy credits.

Changes have also been agreed to the marquee player dispensation, which will remain as two players' salaries not counting towards the cap for the next two seasons before being cut to just one from the 2022/23 season onwards.


Full Article

Are we at last seeing sense?

Genge will have something to spout.

JP

Re: Salary cap
Posted by: Abmatt (IP Logged)
Date: 08 June, 2020 20:25

Sky reporting by 1m.

[www.skysports.com]

Re: Salary cap
Posted by: Abmatt (IP Logged)
Date: 10 June, 2020 14:06

Not going to be easy.

[www.skysports.com]

Re: Salary cap
Posted by: shrewsburyman (IP Logged)
Date: 17 June, 2020 13:49

According to the DT today hundreds of Premiership players are being asked to sign contracts with minimum notice as clubs scramble to take advantage of the new salary-cap rules. Many clubs are offering long term deals, often on reduced terms, to exploit the provision that allows only 75% of wages in an existing contract to count towards the revised salary-cap that comes into effect for the 21/22 season.

Re: Salary cap
Posted by: James_P (IP Logged)
Date: 17 June, 2020 15:26

Quote:
shrewsburyman
Are you referring to Worcester, James?

Apologies only just looked back at this, honestly the ones that immediately sprung to mind were actually Wasps and Quins. Wasps have sunk big cash into Beale, Sopoaga etc that haven't really done the business. Similarly quins had Siali on their marquee last 2 years on presumably a large contract and he has hardly ever been seen in a Quins shirt.

Re: Salary cap
Posted by: PMB (IP Logged)
Date: 17 June, 2020 16:28

Interestingly according to the BBC web site everyone at Sale Sharks has agreed a permanent wage cut, players, back room staff etc. I wonder what the rest will do?

Re: Salary cap
Posted by: shrewsburyman (IP Logged)
Date: 18 June, 2020 14:24

Yes PBM it has been confirmed in today’s DT that they all signed contract extensions and took a cut in wages. Clever move by Diamond claiming it was to do with survival when it was to ensure that they wouldn’t have a problem with the new cap requirements! The DT also says that five other clubs have also tied down at least 35 players to long term deals which allows the clubs to exploit a loophole which states that only 75% of current contracts count towards the 2021/22 cap. Bath, Wasps,Worcester, Quins and London Irish we’re still in negotiations at the time of the cut off. The only clubs not to have offered long term extensions were Gloucester and Newcastle.

Re: Salary cap
Posted by: shrewsburyman (IP Logged)
Date: 18 June, 2020 14:33

It looks like Chiefs, Bristol and Saracens also completed their negotiations before the deadline.

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