OT SBW up himself or not? Discuss

[blacktip-reefy]

They dont need to do anything. They have the chairmans club. The Whales.
http://www.dailytelegraph.com.au/sp...-dollar-fan-club/story-e6frexnr-1225931223987

 

[Southern Shark]

How come Buddy Franklins contract is reported for each amount per year but it is not known how corrupt Politis has got away with paying overs for the past 38 Years and no one knows what SBW and the hundred or so others ever received. Is he receiving one million but Schubert allows 600 000 for their salary cap. Notice SBW thanked Politis and Gyngell. It stinks.

 

[Since 73]

Doubt Nick had much influence.

Not Nick exactly...more his bank account.

Why would Politis change something that has worked beautifully for the last couple of decades?...especially when it comes to a guy who just won them a trophy.

By the way...is Ian Schubert still alive?

 

[Southern Shark]

Rumour is Politis has also signed Cam Smith as a back up next year for Jake Friend. Go Rorters.

 

[Since 73]

Message

 

[fizman]

A good friend of mine is currently a Player Manager. The Roosters used to pay players with Shares, so they couldn't be included in the salary cap.

To be more specific, they were Samsung shares when they were a Club sponsor.

 

[Card Shark]

To be more specific, they were Samsung shares when they were a Club sponsor.

Good company that are getting better .

Shares would be worth a bit I'd imagine.

 

[Southern Shark]

Shares. Schubert could easily audit that but of course he never would. Imagine if they were giving them Nine shares today. They would have to come with a lifetime prescription of zoloft.

 

[Since 73]

Name one person who works for Nein who aint a tosser.

Well ...Lisa Wilkinson - l'd pump her big time - but she's married to one, so that makes up for it.

 

[Quigs]

Crikey The Rorters have the Nick and the Whales and all we have is Reefy, Sureles and Ian the Bank Manager.

No wonder we are Cron-nulla-fied.

 

[blacktip-reefy]

A good friend of mine is currently a Player Manager. The Roosters used to pay players with Shares, so they couldn't be included in the salary cap.

To be more specific, they were Samsung shares when they were a Club sponsor.

Not quite correct, but close.
Shares & fringe benefits are included "WHILST IN AN EXISTING NRL CONTRACT".
However, players can opt for salary sacrifice. Say for instance 40%.
This 40% is used as leverage to purchase property, shares, currency etc etc. Also, lets say 40% of player X = $150k over 12 months.
Well, that 150k is invested straight up, whilst the player "repays" it on a weekly bassis deducted from their pay @ 0.1% interest. The organisation that "invests" the money in a "portfolio" guarantees a no risk return of 25%. That return IS NOT included in the cap. Also, the "investment account" is held in somewhere like the caymans, USA etc etc so player X usually picks up his "legitimate earnings" whilst on end of season trip , to Las Vegas, Carribean, Mexico etc etc.
150k X 25% = $37.5 k X 2-4 year deal. X 30 players. = +$1.2 mil over $5 mil