In the real world, when a company goes into receivership they don't go spending big and trying to outdo other companies by hiring their staff at above market rates.
Suck it Titans, NRL should have let you die, and you bet if there wasn't a TV in place they would have.
In the NRL world, the Titans are vital because without them revenue would be shot to pieces so they are propping them up and trying to reduce overheads as much as possible whilst maintaining essential expenditure such as player wages. The NRL have not given them any extra money to spend on players or allowed them to breach the salary cap