We invariably pay much more for a player than they are worth and criminally, more than we need to, hence our cap is a mess.
Mate.... we pay our players similar to what they would earn elsewhere... the issue is we pay more
on the cap.
It is the other clubs that set the market. Basic economics.
Using the Matautia brothers as an example - we matched the remuneration they were offered by the dogs - we had to - but the entirety of their salaries counts on our cap, whereas something like half a million of it wouldn't have counted on the dogs cap.
Yes, we made, in hindsight, some bad gambles - Aku being the prime example - but again, we paid what we had to, because other clubs were offering it.
If we let go of all the players fans think are being paying "overs", we would have a literal NSW cup squad (instead of a mostly NSW cup squad).
500k for a (then) rep quality winger, 600k for a current SOO halfback, 575k for a centre that played SOO last year - these signings wreck OUR cap - but they don't have much effect on the cap of a large number of other clubs, because big chunks of those salaries don't count on their cap.
I mean the Broncos signed the current Dally M centre of the year by letting go of a player who was in and out of their starting side. That player went to another heavyweight. And both players we were never a chance of even bidding on. That is how far behind we are.
Until that inequality is addressed, we will never be able to "balance" our cap - because if we want players that are in demand on the open market, we will pay market rate - which means a few getting "overs" (i.e. market rate), and a whole bunch of no names - because we can't afford anyone else.
The economics of the player market has shifted massively, and we have been left so far behind we may as well be playing table tennis.
We can't address the issues that has caused without addressing the root cause.
We can't address the root cause while we are NRL owned.
And we aren't attractive to a buyer in our current state - and even then, a buyer would have to conjure TPAs out of a small, poor market that is both tapped out and fatigued.
We really are up the creek.
As I am typing this I see TAB is paying $34 for us to get no wins this season - I think I will be putting $100 on it.