Nobody's asking them to buy shares and property with it.
They are given the cash and told the value of the salary cap. Their only job is to decide the relative worth of every position in the squad and make sure it adds up to the salary cap.
That's football knowledge, not business knowledge you twit.
Football knowledge does not factor in; the value of the salaries, paying the salaries, managing the salaries, and complying with several regulations. Simple arithmetic doesn't apply when one has to negotiate terms with three parties; a player, an agent, and the NRL, and by extension, all the unions each party may represent. One has to consider the standards and practices of each party, and approach each party individually with a uniquely tailored approach.
Then we have all the fun and joy of managing multiple limits on payments to players, including how much a player can receive from certain outside sources, not to mention all the various third parties that would be interested in sponsoring a player.
I'm sorry, but you are deluded if you think any average individual armed with 'footballing experience' will know how to manage all of that. Not to mention that by nature of managing a salary cap, one also has to monitor the financial situation of the club itself. Can the club afford these players, can the club afford to pay them in this way? What about organizing the way payments are allocated to players and when they are allocated so as to maximize profit margins and reduce the frequency of debtors?
Yep, because someone like Anthony Watmough could just waltz into such a job and do it all as well as you claim.
Moron.
This is why recruitment is not solely managed by one party. Nolan identifies players and gives them a value, as you say, but he does it in tandem with Edwards and other staff who work on the actual financial details.