Notional value

[B-Tron 3000]

Here's a crazy idea

Ban the backended contract

Why?

 

[Loudstrat]

I just made up 30% I havent really put much thought into it, just throwing out an idea.

Not a bad idea either - and aside from the boom youngster signing their first big contract, I cant see a problem with it TBH.

I don't think people realise how easy it is to get around the salary cap purely because Schubert doesn't have the power to look at the players personal finances. All he can do is look at it from the club side.

It can be as simple as a club gets an invoice from a supplier. Club pays supplier. Supplier gets invoice from player for promotional work etc and supplier pays player. Player gets money outside the cap and Schubert is none the wiser.

Sounds like what Bruno Cullen alluded that the Broncos were doing. The third party situation - as I understand it - is for sponsors organised by the club to beef up a contract. Players organising sponsorship themselves had those payments exempt. The third party inclusion is to stop someone buying Thurston and registering a 60k contract while he buys three mansions and a rolls royce - all paid for by sponsors.

What Cullen said was that players (read managers) would come to him asking for more third party deals. He would give them a list of names of sponsors that Brisbane couldnt include in the cap because their third party limit was already reached. Then he would say - go for it yourselves.

Notional value is to stop shit like parra are trying to pull atm. Its a good thing, not a bad one.

Yes. Paying market value is a terrible thing.

As I asked before, if Folau never had his Storm/Bronco years, and was merely a former gun League junior who spent 6 years playing AFL poorly with a joke of a club, what would he be worth? $400k?

Only a complete genius would think that.

 

[Hooch]

Because he is a professional auditor. He is a qualified accountant.

One thing that pisses me off is that people think ex footballers are all dribblers with the IQ of a pot plant.

Here's a question for you Loudtwat.

If Schuey wasn't an ex-footballer, do you think he would've been hired as a salary cap auditor?

Or am I supposed to believe that having played the game is a necessary pre-requisite in order to conduct a forensic accounting investigation?

What was the first thing News Ltd did after the Storm scandal broke and they wanted to get to the bottom of it? They sure as f**k weren't on the phone to Schuey, waiting for him to clean the pie stains out of his shirt and get to the bottom of it. They hired a consultancy and bypassed him completely.

 

[Canard]

I love how people that were passionate about this being the biggest issue in Rugby League only a day ago suddenly don't give a shit about it anymore

 

[Loudstrat]

Here's a question for you Loudtwat.

If Schuey wasn't an ex-footballer, do you think he would've been hired as a salary cap auditor?

Or am I supposed to believe that having played the game is a necessary pre-requisite in order to conduct a forensic accounting investigation?

OK dopey. Obviously being an ex League player has given him connections. Being an accountant got him the job. When your brain develops further towards adulthood, you might understand.

What was the first thing News Ltd did after the Storm scandal broke and they wanted to get to the bottom of it? They sure as f**k weren't on the phone to Schuey, waiting for him to clean the pie stains out of his shirt and get to the bottom of it. They hired a consultancy and bypassed him completely.

Because he was an ex footballer and therefore, despite how many degrees he has, he's a dumb f*ck?

Has it ever occurred to you that News hired their own company so they could have control over their results? Or that a salary cap auditor might not have the spare time to conduct a major audit? How many people did Delloites use on the Storm investigation? More than one?

So because Schubert wan't asked to conduct an investigation on his weekends off that took many people about a year of fulltime work to complete - that means Schubert is sh*t?

You are f*cked in the head.

I love how people that were passionate about this being the biggest issue in Rugby League only a day ago suddenly don't give a shit about it anymore

:lol: true.

 

[ShaiGuY]

Just a question - anyone got Schubert's full CV? Is he actually a qualified professional accountant and before calling him an "auditor" - it is more a business rather than professional term. I am happy to be proven wrong but I can't find Schubert on the ASIC registered auditors list?

 

[betcats]

Just a question - anyone got Schubert's full CV? Is he actually a qualified professional accountant and before calling him an "auditor" - it is more a business rather than professional term. I am happy to be proven wrong but I can't find Schubert on the ASIC registered auditors list?

Im pretty sure most banks and other financial institutions employ internal auditors. My company hss a battalion of people with the title 'auditor'. They come through jist before the external ones.

 

[B-Tron 3000]

I love how people that were passionate about this being the biggest issue in Rugby League only a day ago suddenly don't give a shit about it anymore

I'm still waiting for someone to give a good reason why backended contracts shouldn't be allowed.

Until that happens I see no reason to continue posting in this thread.

 

[Perth Red]

Yep the easiest way to cheat the cap is to have your players managers arrange their own commercial deals. Amazed it isn't happening a lot more. The fact the club may have the contacts to support you doing it is very hard to trace.