Eels Salary Cap Mk V

[I'm a loser baby...]

So. Greenburg will get more piss on him

Lol

 

[I'm a loser baby...]

We don't know.
That's the point.

Yep, and despite Greenberg's threats nearly every step of the way suggesting that if we exercise our rights things could get worse, I see little to no risk in appealing. Our season's already f**ked so f**k him. Let's find out what really happened.

 

[T-Boon]

What good would it do? What's the point?

It would clear the air (after all Greenberg wants to help Max rebuild the club - presently I want him nowhere near it because I don't trust him).
It would also sooth the nagging feeling everyone one has that Greenberg is hiding something (not the recording or the document itself obviously he is hiding that, more something said by Seward during his interview).
It would clear up whether there is anything else in the document that the club should know about going forward - (we still need to get to the bottom of who the dirt bag leaks are so that we can make sure they are no longer involved with the club).
The point is being able to move on without any questions lingering around. I mean it would be good to at least know what actually happened - who did what - etc.

 

[T.S Quint]

Yep, and despite Greenberg's threats nearly every step of the way suggesting that if we exercise our rights things could get worse, I see little to no risk in appealing. Our season's already f**ked so f**k him. Let's find out what really happened.

Hell yeah!

f**k him! f**k them all!

 

[Gronk]

PARRAMATTA are set to have the NRL’s full $7.1 million salary cap at their disposal for next season, allowing them to potentially make the blockbuster signings of Jarryd Hayne, Corey Norman and even one more marquee player by year’s end.

This ray of sunshine for Eels fans — following the club’s train wreck of this season — follows The Daily Telegraph’s revelations that battling star Kieran Foran was looking for a $200,000 termination payout to finalise his departure from the club.

While Foran’s final termination number is likely to be closer to $150,000 — representing payment to the end of the season — it is believed the Eels’ interim CEO Bevan Paul has all but finalised Foran’s golden goodbye from the club.

The club is also set to meet with the NRL as early as today to hammer out its final salary cap position for this year and next year in the wake of Foran’s departure.

Paul and former NRL salary cap auditor Ian Schubert are likely to spearhead Parramatta’s salary cap negotiations with the NRL. Schubert is believed to be returning from holidays to resume his role with the club today.

Following alleged salary cap rorts that resulted in the entire Eels board being sacked at the instigation of Deputy Premier Troy Grant, the club was initially estimated to be carrying nearly $700,000 in dodgy third-party payments into next season alone.

There had been suggestions these payments would have had to be taken into account in next year’s salary cap.

However, with Foran’s imminent departure alone, the club is already set to save $1 million-plus from its 2017 salary cap from his contract and previously scheduled under-the-table third-party payments, subject to the approval of the NRL’s salary cap auditor Jamie L’Oste-Brown.

The Eels will have salary cap room to potentially make the signings of Jarryd Hayne, Corey Norman and even one more marquee player.

There could be further salary cap benefits from Foran’s departure if the club can work with L’Oste-Brown to hammer out a way to exclude Foran’s termination benefit from its 2016 salary cap.

This could allow the Eels to bring forward some of their payments to players for 2017.

And that is just the start of the savings for Parramatta. With the negotiated retirement of Anthony Watmough the club will save a further combined $1.3 million in salary and TPAs from its 2017 cap — bringing total savings for 2017 alone to well over $2 million.

And this is not to mention the savings it has already made on Watmough, hooker Nathan Peats’ departure to the Gold Coast and now-Canberra prop Junior Paulo’s $250,000 salary for the current season.

These savings are likely to cancel out dodgy third-party payments that had been promised by the club up to 2019, which would have added up to more than $1.3m between 2017 and 2019 had they been delivered. Foran was scheduled to receive $450,000 in under-the-table TPAs during this period, and Watmough $400,000.

There is no suggestion any of the players mentioned have done anything wrong.

http://www.foxsports.com.au/nrl/par...ocial&utm_medium=Facebook&utm_campaign=FoxNRL

 

[phantom eel]

$950K in future non-arms-length or guaranteed TPAs for Watmough and Foran alone...that worked out well!

With both now retired or released surely those scheduled payments that won't be made now do not count to reduce our 2017 and onwards caps.

I'm not sure it gives us as much to spend as rhe article implies, since even though we got under the NRL deemed cap for this season somehow so we could play for points, we hadn't necessarily got ourselves under the cap for next...

#bewarethebackending

 

[ash411]

There is no suggestion any of the players mentioned have done anything wrong.

Of course not... that old chestnut..

 

[Gronk]

The Eels will have salary cap room to potentially make the signings of Jarryd Hayne, Corey Norman and even one more marquee player.

#boom

 

[The EELiminator]

The club is also set to meet with the NRL as early as today to hammer out its final salary cap position for this year and next year in the wake of Foran’s departure.

Paul and former NRL salary cap auditor Ian Schubert are likely to spearhead Parramatta’s salary cap negotiations with the NRL. Schubert is believed to be returning from holidays to resume his role with the club today.

the penalties have already been handed down what do we have to negotiate with the nrl about?
do any other clubs negotiate their salary caps?

 

[eel01s]

Now that the NRL got what they wanted, we finally might have some good news for next year and beyond. If we have full use of the cap to 2019 we can certainly buy more players. Hopefully BA and Peter Sharp get the right ones.

 

[Gronk]

the penalties have already been handed down what do we have to negotiate with the nrl about?
do any other clubs negotiate their salary caps?

What i said about Foran was right I reckon. We spearheaded the termination to get our books right from 2017 onwards.

 

[Stagger eel]

wow...wouldnt kent have a meltdown over this?? lol

 

[woddy]

What i said about Foran was right I reckon. We spearheaded the termination to get our books right from 2017 onwards.

I think a Foz v EELS court showdown is on the cards , he has form,

 

[Gronk]

I think a Foz v EELS court showdown is on the cards , he has form,

Doubt it. If Foz is happy with the terms, then he signs the termination agreement which would have indemnities. If he's not happy then he turns up in November ready to train.

 

[oldmancraigy]

$950K in future non-arms-length or guaranteed TPAs for Watmough and Foran alone...that worked out well!

With both now retired or released surely those scheduled payments that won't be made now do not count to reduce our 2017 and onwards caps.

I'm not sure it gives us as much to spend as rhe article implies, since even though we got under the NRL deemed cap for this season somehow so we could play for points, we hadn't necessarily got ourselves under the cap for next...

#bewarethebackending

That was all speculation about next year.

Remember that the amount we got under the cap this year was actually a double amount since we had to shed 1/2 season salaries to match a full season overspend.
If we were $450k over, shedding Watmough's $850k would have got us $400k under EXCEPT that they said it only counted as a half year number. So effectively we freed up quite a bit of breathing room already, the main sticking point being the dodgy deals (done dirt cheap?) that we were going to be slugged for.

As the article points out, we might be sweet on that front now - giving us quite the amount of cash to splash!
Bring it on

 

[hineyrulz]

Of course not... that old chestnut..

lol it always makes me laugh, even after it was suggested players had accepted money from brown paper bags they trotted out line lol.

 

[Kornstar]

lol it always makes me laugh, even after it was suggested players had accepted money from brown paper bags they trotted out line lol.

They should just put it in their template for any article relating to the NRL. Would save them time, even if it didn't relate to the particular story it should still cover them......

 

[hybrideel]

i could just see it
X player caught snorting blow off a transvestite prostitute

There is no suggestion that x player did any wrong

 

[Jake the snake]

PARRAMATTA are set to have the NRL’s full $7.1 million salary cap at their disposal for next season, allowing them to potentially make the blockbuster signings of Jarryd Hayne, Corey Norman and even one more marquee player by year’s end.

This ray of sunshine for Eels fans — following the club’s train wreck of this season — follows The Daily Telegraph’s revelations that battling star Kieran Foran was looking for a $200,000 termination payout to finalise his departure from the club.

While Foran’s final termination number is likely to be closer to $150,000 — representing payment to the end of the season — it is believed the Eels’ interim CEO Bevan Paul has all but finalised Foran’s golden goodbye from the club.

The club is also set to meet with the NRL as early as today to hammer out its final salary cap position for this year and next year in the wake of Foran’s departure.

Paul and former NRL salary cap auditor Ian Schubert are likely to spearhead Parramatta’s salary cap negotiations with the NRL. Schubert is believed to be returning from holidays to resume his role with the club today.

Following alleged salary cap rorts that resulted in the entire Eels board being sacked at the instigation of Deputy Premier Troy Grant, the club was initially estimated to be carrying nearly $700,000 in dodgy third-party payments into next season alone.

There had been suggestions these payments would have had to be taken into account in next year’s salary cap.

However, with Foran’s imminent departure alone, the club is already set to save $1 million-plus from its 2017 salary cap from his contract and previously scheduled under-the-table third-party payments, subject to the approval of the NRL’s salary cap auditor Jamie L’Oste-Brown.

The Eels will have salary cap room to potentially make the signings of Jarryd Hayne, Corey Norman and even one more marquee player.

There could be further salary cap benefits from Foran’s departure if the club can work with L’Oste-Brown to hammer out a way to exclude Foran’s termination benefit from its 2016 salary cap.

This could allow the Eels to bring forward some of their payments to players for 2017.

And that is just the start of the savings for Parramatta. With the negotiated retirement of Anthony Watmough the club will save a further combined $1.3 million in salary and TPAs from its 2017 cap — bringing total savings for 2017 alone to well over $2 million.

And this is not to mention the savings it has already made on Watmough, hooker Nathan Peats’ departure to the Gold Coast and now-Canberra prop Junior Paulo’s $250,000 salary for the current season.

These savings are likely to cancel out dodgy third-party payments that had been promised by the club up to 2019, which would have added up to more than $1.3m between 2017 and 2019 had they been delivered. Foran was scheduled to receive $450,000 in under-the-table TPAs during this period, and Watmough $400,000.

There is no suggestion any of the players mentioned have done anything wrong.

http://www.foxsports.com.au/nrl/par...ocial&utm_medium=Facebook&utm_campaign=FoxNRL

I love telling ya how wrong you are consistently. Im glad you posted this. I remember when you were bitching about the club having x amount of dollars tied up next year in the cap due to your mates rorts. I asked ya for a source which you could not provide. I'm guessing your believing this article now?? f**king hypocrite

 

[Gronk]

I love telling ya how wrong you are consistently. Im glad you posted this. I remember when you were bitching about the club having x amount of dollars tied up next year in the cap due to your mates rorts. I asked ya for a source which you could not provide. I'm guessing your believing this article now?? f**king hypocrite

Link or it never happened Amigo.

You're bored unless bitching about something right ?