Mods - Couldn't find the paydeal thread, merge pls.
https://www.brisbanetimes.com.au/sport/nrl/eleventhhour-deal-wards-off-threat-of-80-million-cut-in-league-pay-offer-20171101-gzcybj.html
Roy Masters1 November 2017 - 05:41pm
The serious threat of taking $80 million off the table in the NRL's pay offer to players resulted in an 11th-hour agreement between chief executive Todd Greenberg and Rugby League Players' Union chief Ian Prendergast to reduce the salary cap in the final two years of the proposed CBA in exchange for the funds being diverted to a players' retirement fund.
A phone hook up of NRL clubs on Wednesday agreed to a RLPA plan to reduce the salary cap by $100,000 in 2021 to $9.6 million and drop it by a further $200,000 in 2022 to $9.7 million.
The money would be paid into a fund accessed by footballers forced into early retirement by injury and the change would not affect club margins, being a shift from the salary cap to the retired players' pool.
The NRL is still awaiting approval from the players and the board of the RLPA, while club chief executives must take the proposal to their club boards.
Given that some Sydney club chairmen can act as spoilers and 75 per cent of the clubs must agree to the proposal, a final agreement is not fait accompli.
Nevertheless, Greenberg is confident a deal will be finalised in the next few days.
The players have won 29.5 per cent of guaranteed revenue, which is superior to the 28 per cent yield ARU players get and the percentage of budgeted revenue paid to AFL players, which is between 27 per cent and 28 per cent.
However, it appears the RLPA has conceded on getting 29.5 per cent of yet-to-be-determined revenue and has accepted the argument that costs must be considered.
It appears a four-way split of net profit from future revenue will be paid equally to the RLPA, the clubs, the NRL and grassroots league, fulfilling the RLPA's claim that it seeks to be a "genuine partner" in the game.
https://www.brisbanetimes.com.au/sport/nrl/eleventhhour-deal-wards-off-threat-of-80-million-cut-in-league-pay-offer-20171101-gzcybj.html
Roy Masters1 November 2017 - 05:41pm
The serious threat of taking $80 million off the table in the NRL's pay offer to players resulted in an 11th-hour agreement between chief executive Todd Greenberg and Rugby League Players' Union chief Ian Prendergast to reduce the salary cap in the final two years of the proposed CBA in exchange for the funds being diverted to a players' retirement fund.
A phone hook up of NRL clubs on Wednesday agreed to a RLPA plan to reduce the salary cap by $100,000 in 2021 to $9.6 million and drop it by a further $200,000 in 2022 to $9.7 million.
The money would be paid into a fund accessed by footballers forced into early retirement by injury and the change would not affect club margins, being a shift from the salary cap to the retired players' pool.
The NRL is still awaiting approval from the players and the board of the RLPA, while club chief executives must take the proposal to their club boards.
Given that some Sydney club chairmen can act as spoilers and 75 per cent of the clubs must agree to the proposal, a final agreement is not fait accompli.
Nevertheless, Greenberg is confident a deal will be finalised in the next few days.
The players have won 29.5 per cent of guaranteed revenue, which is superior to the 28 per cent yield ARU players get and the percentage of budgeted revenue paid to AFL players, which is between 27 per cent and 28 per cent.
However, it appears the RLPA has conceded on getting 29.5 per cent of yet-to-be-determined revenue and has accepted the argument that costs must be considered.
It appears a four-way split of net profit from future revenue will be paid equally to the RLPA, the clubs, the NRL and grassroots league, fulfilling the RLPA's claim that it seeks to be a "genuine partner" in the game.
