Manly caught over the cap - Brett Stewart essentially a free agent

[I Bleed Maroon]

http://www.dailytelegraph.com.au/sp...-2013-salary-cap/story-e6frexnr-1226523484800

THE NRL is refusing to register the new contract of NSW Origin fullback Brett Stewart because the Sea Eagles are in breach of next year's $5 million salary cap by $300,000. News Limited can reveal salary cap auditor Ian Schubert travelled to the club's Narrabeen headquarters last week as part of an on-going audit as Manly try to resolve a raft of back-ended contracts.
Despite shedding a host of players, including NSW Origin forward Tony Williams and Darcy Lussick, Dean Whare, Michael Oldfield and Daniel Harrison, the 2011 premiers are still over the limit.
In terms of new recruits, the Sea Eagles have signed Richie Fa'aoso from the Melbourne Storm on a two-year deal and Brenton Lawrence from the Gold Coast on a three-year contract.
Manly chief operating officer David Perry met with Schubert last week to thrash out strategies on how the Sea Eagles can register Stewart's new four-year deal.

Perry refused to confirm the meeting and was guarded about the club's salary cap predicament.
"I don't want to make any comment other than to say we are working through the issues and we're confident Brett's contract will be registered by February," Perry said.
The Sunday Telegraph can reveal that the Sea Eagles had planned to move Brent Kite to Wests Tigers before coach Tim Sheens was sacked and the deal collapsed.

Unless Manly sheds more players, I can't see Stewart taking a $300,000 pay cut. Who will have the balls to swoop in and poach him amid the confusion? Will they shred another big stars contract just to keep him? The battle for Cherry-Evans signature may not yet be over for mine.

 

[RWB]

lol did they just think Schubert wouldn't notice what their salaries added up to or something?

 

[Loudstrat]

Rorters

 

[seaeagle sam]

lol did they just think Schubert wouldn't notice what their salaries added up to or something?

I assume they asked Schubert to have a look and to see what they can do. The Sea Eagles aren't the Storm, Bulldogs or Warriors - they are trying to work it out before the season starts.

 

[thorson1987]

Blame des.

 

[KiamaSaint]

I assume they asked Schubert to have a look and to see what they can do. The Sea Eagles aren't the Storm, Bulldogs or Warriors - they are trying to work it out before the season starts.

This, I find it hard to believe that some of the NRL teams aren't rorting the cap but the Sea Eagles is not one of them.

 

[DJShaksta]

They'll sort out some sort of backended deal that the NRL will ratify.
I can't see Brett Stewart playing elsewhere.

 

[Iafeta]

I assume they asked Schubert to have a look and to see what they can do. The Sea Eagles aren't the Storm, Bulldogs or Warriors - they are trying to work it out before the season starts.

The Warriors advised the NRL direct that they had identified breaches of the salary cap over the '04 and '05 seasons.

 

[Silent Knight]

http://www.dailytelegraph.com.au/sp...-2013-salary-cap/story-e6frexnr-1226523484800

Unless Manly sheds more players, I can't see Stewart taking a $300,000 pay cut. Who will have the balls to swoop in and poach him amid the confusion? Will they shred another big stars contract just to keep him? The battle for Cherry-Evans signature may not yet be over for mine.

Manly would be stupid to release Cherry-Evans in order to keep an aging Brett Stewart. The kid is the future Queensland Origin halfback in waiting. At 23 he's already won a premiership and played for his country. Clubs know a class halfback is hard to come by in this day and age and more often than not separates the contenders from the also-rans. Manly would move mountains to keep Daly on their books.

 

[Rebel]

I assume they asked Schubert to have a look and to see what they can do. The Sea Eagles aren't the Storm, Bulldogs or Warriors - they are trying to work it out before the season starts.

Errr.... Isn't that exactly what the Warriors did?

 

[Iafeta]

Yes it is - the difference though is the Warriors had already played well in excess of the salary cap. THere's nothing to say Manly have played in excess of the cap.

 

[Diesel]

It was also new not existing management that came forward for the Warriors. They copped a massive fine and started the season on -4pts... Totally different senerio to the Bulldogs and Storm

 

[eozsmiles]

Teams can be $100-$200k over the cap without attracting anything more than a fine anyway. So they probably only have to shave $150k off their wage bill.
My tip is they'll back end a couple of deals and it will be sweet. Looking at couple of the deals they have going, it won't be hard. Put it into the following years, when the cap has gone up again.

 

[Matrix]

Why on earth did they sign horo,Tonga etc if they were $300,000 over the cap?

 

[firechild]

Because there have to be 25 players counted in the salary cap. Manly signed plenty of players but obviously most won't be in the top 25. I have no doubt they would have only signed those players if they were low value in which case they simply replace others in the top 25 (Oldfield, Whare, Lussick, T-Rex, Harrison etc).

 

[herbert henry1908]

Teams can be $100-$200k over the cap without attracting anything more than a fine anyway. So they probably only have to shave $150k off their wage bill.
My tip is they'll back end a couple of deals and it will be sweet. Looking at couple of the deals they have going, it won't be hard. Put it into the following years, when the cap has gone up again.

That's after the event.

If the NRL knew they were over before the season started they wouldnt have registered the contracts. Just like in this situation.

The NRL aren't going to accept a dollar over the cap if they know about it beforehand.

Manly will need to shed all 300k.

 

[juanfarkall]

Meh, they will just show the "Arko Gold Pass".

 

[DoggiesBro]

Because there have to be 25 players counted in the salary cap. Manly signed plenty of players but obviously most won't be in the top 25. I have no doubt they would have only signed those players if they were low value in which case they simply replace others in the top 25 (Oldfield, Whare, Lussick, T-Rex, Harrison etc).

Because Lussick, Whate, Oldfield, Harrison were on huge money...:lol:

One thing for sure, if they shed Wolfman, Rose, Mauro their depth is horrible.

 

[Luke Bowden]

I bet they are regretting not fighting a bit harder for Whare now!

 

[The Eagle]

Wolfman would be the biggest loss

Rose and Mauro can both f**k off,Rose wont train hard enough and Mauro is a poor mans Shane Rodney