Corey Payne's contract

[philgood]

From SMH

"The salary cap is creating some crazy economics. The Dragons dumped back-rower Corey Payne because his sign-on fee of $180,000, plus the $2000 he received from each of 18 first-grade games, meant he would have been listed on the St George Illawarra roster at more than $200,000.

Payne transferred to Wests Tigers, who don't have to count the incentive payments. He will be listed at $50,000, and Wests Tigers will back-load the contract of the 23-year-old, meaning the club will make a short-term gain for some long-term financial pain.
Payne, studying for a commerce/accountancy degree, obviously understands the creative mathematics of leaving a club where he would earn $200,000 for another where he receives $50,000.

The Dragons can't be accused of financial mismanagement of their cap because injuries meant many marginal players earned top match fees in 2007.

Rangi Chase, a five-eighth the Dragons bought from Wests Tigers, was on a small sign-on fee in 2007 but the pre-season injury to Mark Gasnier meant he earned big money in incentives and will occupy significant salary-cap space next season."

 

[themanonthehill]

Hahaha ... so 180k is 540k over 3 yrs
he's getting 50 thins yr
245k a yr in yrs 2 and 3 by my maths
What value .. 245k for C Payne

 

[N.C.]

Looks like it all depends on how much concussion he gets and whether or not he stays on the field...

 

[aids]

going off past recruits he'll be in england next year anyway.
so the clubs really just paid 50k for a PL player.

 

[innsaneink]

When O'Hara boots off end of next year, Payne will be covered with his cap space, and we'll have 50 odd k left to play with.
No wonder theres no new signings as yet, backs apparently are smarter than forwards, none I guess willing to live on 2 min noodles for a year until Hodgo heads to Hudds.

 

[hybrid_tiger]

Meanwhile the Roosters sign Mason and are still under the cap.

Bullsh1t.

 

[super_coach]

I really think Gallop and his mob treat the salary cap with kid gloves. I think they fear a legal challenge of the whole system. How in gods name can we be close to the cap and the chooks get Mason even with a token trade. The punters are being taken for ride while city fords says yes more often. Its a joke and if every opposition supporter voted with their feet and stayed away from chook games, maybe gallop might pull his head in

 

[gurstar]

Meanwhile the Roosters sign Mason and are still under the cap.

Bullsh1t.

good management by the roosters ... two good signing by them omearly and mason

just goes to show how much of a joke wests tigers are they let go at least 800k in players go this season and recruit NOBODYS @100K
must have at least 700k to spend on players .
when are they going to put there hands in there wallet.