Knights make cashed up bid for Origin players Snowden and TLL

[perverse]

can we just clear up how the cap works in here for a sec? lots of poorly thought out stuff getting thrown about. this is my understanding -

you are limited to 2 players in your squad to have guarenteed income provided by 3rd party sponsors to the tune of 300k (at least, that was last i heard). to the best of my knowledge any player is allowed to go and get a 3rd party sponsorship for themselves, but the catch is that it can't be guarenteed income in their contract. this is what forced Gasnier out of the Dragons, he was under the impression his 3rd party deals were guarenteed by the deal - i.e if the sponsor doesnt pay up the club foots the bill - but unbeknownst to Gaz, they weren't guarenteed and he perceived himself to be losing income. if income is guarenteed in their contract, it comes under the cap. plain and simple. the 3rd party allowance is just another part of the same cap. they may get long service discounts and whatever, but it's all there and it's all counted up.

so, any 3rd party deals that are guarenteed in contract are:

a) restricted
b) underwritten by their club
c) part of the salary cap

any deals that don't guarentee income, don't come under the cap. obviously players are skeptical of such non-guarenteed deals, but i have no doubt they are flying around all over the place. some people are naive enough to think the storm were flying solo. personally i think they just got greedy. where it starts to get messy is when Mr Schubert starts to notice links between your players non-guarenteed 3rd party deals and your clubs admin, or your clubs sponsors, etc... because obviously the payments are supposed to come from a true 3rd party.

 

[Joker's Wild]

I was under the impression that 3rd party deals that come from current club sponsors or related too said sponsors are counted under the cap also, whether they are gauranteed in a players contract or not

 

[slotmachine]

What about money paid from other people or companies?

The basic guide is that if a player is receiving money from any person as a way of inducing him to play for the Club, then that money will be included in the Salary Cap.
Income that a player earns from parties not related to his Club is generally not included in the Salary Cap, however the details of the agreement must be advised to the Club by the player. The Club must then get approval for the agreement from the Salary Cap Auditor in orde r for the Remuneration to be excluded.
In 2006, the NRL also introduced an allowance for players who enter into Third Party Agreements with club sponsors. IN 2007 three of the top six players are allowed to earn up to an extra $50,000 each from sponsorship leveraging but the total payments under these sponsorship leveraging agreements must not exceed $150,000.00 per club.

 

[Chicken_Hunter]

Well i'm glad i am not a salary cap auditor... Seems complicated.

 

[slotmachine]

Basically, for a third party deal to be outside the cap the club can't have been involved in organising it.

So it we offer Snowden a 400k contract, even if a third party is paying some of it, it's all included in the cap.

If we offer Snowden a 300k contract and his manager goes off and gets a 100k deal with Singo for Snowden to promote his pubs then that 100k isn't counted in the cap.

The second scenario falls into an incredibly grey area as there is no way for Schubert to prove that Tinkler and Singo haven't had a chat at some point about the 100k deal.

 

[Pika]

Well i'm glad i am not a salary cap auditor... Seems complicated.

I am with you mate.

 

[RABK]

Johns was on a 500k deal with some third party payments bringing him to about 625k of our cap.

Outside that he had a deal with Nike and Channel 9 and a few other organisations.

In short Johns was on about 1.5 million a year as a player but we were only paying 625k of that.

Though not as drastic as the above example, i'd imagine that somehow Tinkler will be able to get a lot of players earning cash not included in our salary cap without it been illegal or linked directly as an incentive to play for the Knights.

 

[Newie is God's Country]

If a player negotiated the 3rd party deal on their own it is not counted towards the cap. I have no idea if that means no manager involvement as well. As has already been said, the club can have zero input for the deal to be cap exempt.

 

[Raider_69]

Glad to see you are still a self parody after all this time. White's better than Costigan is he? Clearly you are the only one in the world who thinks so.

Yes, id take white over costigan... at worst he's your 2nd best front rower and again, an absolute walk up start for the knights in 2011

 

[Allstar Knights]

Yes, id take white over costigan... at worst he's your 2nd best front rower and again, an absolute walk up start for the knights in 2011

He wouldn't even be our 2nd best.

I would take an in-form Tuimavave and Fa'aoso over White any day of the week.

White is balls.

 

[Serc]

Knights boss to raise Snowden concerns with Tinkler
Robert Dillon
February 21, 2011

Questions ... Newcastle chief executive Steve Burraston arrives at his Broadmeadow office at the weekend. Club officials will meet to discuss an alleged offer to Kade Snowden from prospective Knights owner Nathan Tinkler. Photo: Ryan Osland

KNIGHTS chief executive Steve Burraston intends to query Nathan Tinkler today about the Kade Snowden fiasco to determine if the billionaire was involved.
Knights officials will meet Tinkler and his representatives to discuss the mining magnate's bid to privatise the NRL club, but the unresolved Snowden situation is also certain to be addressed.
Snowden baulked at signing a new two-year deal with Cronulla amid widespread allegations that Tinkler had promised him a more lucrative deal if he returned to Newcastle, where he launched his NRL career.
Yesterday there were reports that Tinkler has also approached Bulldogs centre Jamal Idris, and there is mounting speculation he has held talks with Dragons coach Wayne Bennett.
Burraston said it would be ''very disappointing'' if Tinkler had tried to recruit players to the Knights before his privatisation proposal had even been taken to the club's members for ratification. Burraston said he would seek some clarity today on the Snowden issue.
''I think we need to ask what was going on there,'' Burraston said. ''I don't know if we'll get any answers. It's probably something we need to know, if the Tinkler Group was involved or not, and if so, why?''
Burraston said it would be ''almost impossible'' for Tinkler to bring Snowden to Newcastle without placing pressure on the club's salary cap.
It has been reported the 24-year-old was offered between $400,000 and $500,00 a season for four years, despite Knights management withdrawing from negotiations when his asking price reached $300,000.
''I'm not aware of what sort of money is being offered and who offered it, but if that sort of money was offered, it would be almost impossible to fit him into the salary cap without letting other players go,'' Burraston said. ''That would cause complications for the coach and the team.
''I'm not sure where all these rumours are coming from and if they are correct, but if they are, it would place enormous stress on the Knights' salary cap. I'd go as far as say it probably couldn't be done.''
Burraston said the Knights had decided signing a top-dollar prop was not a priority, given that Dan Tolar, Evarn Tuimavave, Mark Taufua, Antonio Kaufusi, Joel Edwards, Chris Houston and Neville Costigan are already contracted for next year.
''We're acutely aware that we have a number of high-profile players coming off contract - Kurt Gidley being top of the list - and we couldn't put their futures in jeopardy by paying too much for one player,'' he said.
''We knew it [signing Snowden] was going to place strain on our salary cap and we didn't have the room, and we felt it more appropriate that we keep our players who are coming off contract.
''The other reason was that we knew Adam MacDougall was likely to retire at the end of the year and we'd be looking for an outside back.''
Idris is viewed as the ideal man to replace MacDougall, but Burraston denied reports yesterday that the Knights had made him a $1 million offer for the next three years.
''Not that I'm aware of,'' Burraston said. ''I understand that [recruitment officer] Keith Onslow has a good relationship with Jamal Idris from when Keith brought him to the Bulldogs, and I know that Jamal has expressed interest in possibly moving to Newcastle because it is closer to home [Forster].
''But certainly we haven't made an offer in those sort of numbers that are being talked about.''
Burraston suggested Tinkler was flirting with danger if he was already negotiating with players.
''The thing is the board and the management still run the club at this point in time,'' Burraston said. ''And we also have a salary cap and we also have players that are contracted this year, next year and the year after.
''All of those things have to fit into a very complicated salary cap. So it's almost impossible to put offers to people without knowing the intimate details of the salary cap and our contracting position as we go forward.''
Asked whether he expected a tense atmosphere at today's summit, Burraston replied: ''Certainly not from our point of view. We're still starting to work towards a final conclusion … I'm not aware of any ultimatum or being summonsed to a meeting or whatever has been reported.
''This meeting was always scheduled and all our meetings have been amicable to date, and hopefully they will continue that way. The important thing is the members have all the information documented so they can consider it because it is a critical decision - the most important decision made in our club's history. It's a very complex issue and it's very important that we don't rush it.''

http://www.smh.com.au/rugby-league/...den-concerns-with-tinkler-20110220-1b13e.html

 

[Dragon Slayer]

Looks like Burruston will have to tell Tinkerbell that the NRL is not like the EPL. Rugby League Clubs in Australia operate with a salaray cap. Oh Tinkerbell you just have NFI.

 

[Alex28]

Looks like Burruston will have to tell Tinkerbell that the NRL is not like the EPL. Rugby League Clubs in Australia operate with a salaray cap. Oh Tinkerbell you just have NFI.

By the time you actually understand how the salary (or for inbreds from the shire - salaray) cap works your rabble of a club will be broke and playing out of Adelaide.

Good luck with your flood prone development

 

[Dragon Slayer]

By the time you actually understand how the salary (or for inbreds from the shire - salaray) cap works your rabble of a club will be broke and playing out of Adelaide.

Good luck with your flood prone development

May be you don't?

May be Tinkerbell doesn't?

From Burruston himself.

We have to operate under a salary cap.

It is a very tricky juggling act this year, next year and the year after that.

You sense what he has been hearing about all these offers to players makes him concerned as it could be very embarrassing to the Club when none of it can be accommodated.

 

[Alex28]

Indeed you are right - Burro has stated that we have to operate under a salary cap. Just like the 15 other teams.

What is your point?

 

[Matt23]

What is your point?

He doesn't have one as he's a common troll.

 

[Dragon Slayer]

Indeed you are right - Burro has stated that we have to operate under a salary cap. Just like the 15 other teams.

What is your point?

People on this forum seem to think Tinkerbell has a magic wand that will be able to get all the players he has targeted in under the salary cap.

 

[Alex28]

If he thinks he has a way to achieve that I'm prepared to back him in doing it.

Unlike your rabble we can afford to spend our salary cap ;-)

 

[DJShaksta]

Indeed you are right - Burro has stated that we have to operate under a salary cap. Just like the 15 other teams.

What is your point?

Burro states in the article at the top of this page that you can't fit snowden under the cap for next year. Please explain to us all how Tinkler can change that.

''We knew it [signing Snowden] was going to place strain on our salary cap and we didn't have the room"

 

[Allstar Knights]

Dragon Slayer is obviously jealous ....

We can get 3rd party deals - Sharks can't.

We have a billionaire about to run our club which gives us financial security - Sharks are about to fold.

Makes sense.