It's simple.
Let Melbourne start accruing points again when they fit under the cap. That way they no longer have an illegal squad of players can earn points for wins.
Players who are punted would still have the rest of their contract paid out by Melbourne and could play for anyone (ie: another club offers them match payments, fitting them under their cap)
I think that one very large part of the whole jigsaw is being missed here. Yes, Melbourne are currently $700,000 over. BUT, perhaps just as importantly, it's the webs of deceit and deception used to create this super squad in the first place that renders them without hope this year. You have to remember that certain executives signed statutory declarations, which are binding legal documents basically in part similar to oath in court and therefore basically perjury which is of course a criminal offence punishable by imprisonment. It's not just that they are so far over, it's the mirage of lies that they have used to perform this.
As far as renegotiating their squad contracts, lets play hypothetical here. Let's assume two years Greg Inglis and Billy Slater resigned for 4-5 year terms with the Storm. As it stands, under the anti-tampering regulations, no other club can negotiate with Inglis or Slater at present. So, Melbourne effectively have no opportunity to lose them. Their first contract is still a legally binding document, the only way really to void it is if Melbourne agree to pay the players out (no one in their right mind can afford to do that). Anyhow, let's assume 2 years ago when those contracts were up that in the case of Slater for instance, the Sharks went after him and offered him $500,000. Let's say the Tigers did too and offered $550,000. Let's say under the constraints of the cap Melbourne could really only offer him $400,000, but using deception they nonetheless offered him $600,000 and kept him. How is that fair on those two clubs hypothetically that Slater should be allowed to now just drop his pay a bit and play for the Storm? Let alone, how is that fair on Slater that effectively he is ambushed into a compromising position by the club to drop his pay?
I have heard other suggestions going around that they should drop $700,000 of their current cap. I would suggest the RLPA, and rightfully so, would be outraged if $700,000 of playing talent was either dropped from the club or dropped to the second tier category. That's not reasonable on the players. As it stands, we believe none of the players have done anything wrong. Why should they be out of pocket? Why should they be out of a position where they can advertise themselves to other clubs by good performances in first grade?
There is no tenable way for Melbourne to get under their cap this year. It is unreasonable for players to be forced to take pay cuts, not only for the top enders but it's going to be the guys in the middle and the lower end who will be forced moreso in my opinion because the top end guys have the marketing bargaining power to do that.
The punishment is just, Melbourne should not accrue any points in 2010.