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Folau turns back on Eels to play rugby union

Maroubra Eel

Coach
Messages
19,044
So, you knew he was going to quit AFL , brilliant, can you give me the Lotto numbers for this week

#nocredibility

I didn't. I'm not the one who has been talking to him.

Lol at the no credibilty bit. That's funny coming from you. Ha ha ha.
 

eels81236

Bench
Messages
3,641
If we didn't leave room and we don't have room how can we sign him?

People have said that he is driven by the dollar. It's pretty nice of him to sign for $110k just because he will get $900k in endorsements that aren't reliant on him playing for Parra (or elsethey would be included in the cap).
 

DeanPay98

Juniors
Messages
1,116
How is Finch able to come back to the NRL on a small contract for the Storm, walking away from a lucrative UK deal, but we can't sign Folau on a small contract in his first year and then significantly upgrade it afterwards.

I actually think Parramatta should now give serious thought to suing Schubert and challenging the salary cap.
 

bartman

Immortal
Messages
41,022
http://www.dailytelegraph.com.au/sp...ign-israel-folau/story-e6frexnr-1226523830051

Parramatta Eels ask permission to bend salary cap rules to sign Israel Folau

Dean Ritchie
The Daily Telegraph
November 26, 2012 12:00AM

829557-israel-folau.jpg

Parramatta have asked for permission to breach the salary cap in their pursuit of former Broncos star Israel Folau. Picture: Genevieve Worrell Source: The Daily Telegraph

PARRAMATTA will break next season's salary cap to get Israel Folau back to rugby league, but only if the ARL Commission grants them permission.

The Daily Telegraph understands Parramatta have approached the commission to spend more than the game's $5 million salary cap for next year and then operate under a reduced cap for 2014.

The ARLC is looking to register Folau at $400,000 for next season, knocking back the Eels' original plan to declare a far lower salary for the AFL defector. That would mean Parramatta's cap is increased to $5.4 million for next year but reduced by $400,000 - to $4.6 million - for 2014.

Over two years, Parramatta would spend the same amount - $10 million - as every other club.

Should the Eels be allowed to break the salary cap to sign Israel Folau? Have your say below.

However, Parramatta's 2014 cap would easily be the lowest of any club in the NRL.

Eels chief executive Ken Edwards met with ARLC chairman John Grant last Friday morning at NRL headquarters.

A second option facing Parramatta is to shed up to $400,000 worth of talent, culling up to three players.

Parramatta claim to have been open with the NRL, but it's understood they have not submitted a Folau contract to salary cap auditor Ian Schubert.

It's believed the Eels were pushing to register Folau's contract for roughly $150,000 for the first year of his deal - very cheap considering he left the game as an Origin and Test star.

One source inside the NRL confirmed Parramatta had asked to break the cap next year but then be reined back in 2014.

"Maybe there should be some adjustments to the rules," he said.

"Over the next two years Parramatta will spend exactly the same amount as all rival clubs. It will even out.

"I think the ARLC must think outside the square on this one. The game has to decide whether it wants Israel Folau back."


There is danger in allowing Parramatta to bend the salary cap rules because other clubs are sure to make use of such wriggle room.

It is understood overseas rugby union clubs have already heard about the NRL's resistance to register Folau and are preparing offers.

Folau could easily end up in French or Japanese rugby union for 12 months. He is managed by Isaac Moses, who sent fellow AFL convert Karmichael Hunt for a stint in French rugby before the former Bronco started with Gold Coast Suns in the AFL.

But if Folau thought AFL was boring and not suited to his skills, wait until he sees the ball only a couple of times a rugby match.

The former AFL player wants to play for one club, Parramatta, but is understood to be frustrated with the delay.
 

EelsFan05

Bench
Messages
2,922
I don't understand the article. If we have 150k in the cap we could only breach it by 250k if we sign Falou for 400k. The NRL won't allow it. If by some miracle we win the thing It would be tainted by all and sundry.
 

EelsFan05

Bench
Messages
2,922
I know it's been covered before, but how we are even close to spending the cap this year is beyond me. How were we going to fit Hincliffe, TRex et al. in?
 
Messages
17,581
I don't think this article is accurate. Our management arnt that dumb to request something like this... Surely?!!

What an embarrassing mess.
 

strider

Post Whore
Messages
78,882
yeah i don't think something like that should be allowed to happen .... but as already pointed out hte article has more holes in it than swiss cheese

and yeah i don't know how we went from trying to sign players in June to having virtually no money left .... and i really don't think we've upgraded that many contracts since then surely
 

cv8z

Juniors
Messages
1,712
Maybe that's how they should punish cap cheaters.
Over by 3million this year, comes off your cap next year along with stripping the title.
That'll stop the rorting
 

hineyrulz

Post Whore
Messages
151,773
What gets me is Schuderps insistence that Izzy be valued at least 400k in the cap, that's bullshit he has been starving himself for the last two years it will take him a year to get back to anywhere near where he was while the Storm can pick up Funch for the minimum. Honestly the double standards are mindboggling :crazy:
 

Tommy Coco

Juniors
Messages
643
To start, I think the article is fishing, it vaguely takes in what might be being thrashed out at the moment but more interestingly, does anyone think it looks like a bit of office politics being played out?

It would mean that Parra have some leverage against Schu?, the Hindy book deal looks like a bit of cheap retaliation and standing his dig on Izzy being valued at 400K, I wonder what Parra have done to upset the bloke?

With all the examples littered through this thread, seems like the auditor is flexing his new found back bone at the most inconvenient time...
 
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