Salary Cap

[parra-matters]

The buying the car thing is old news that was a couple of years ago.
Are we still paying Hayne? wouldn't surprise me.......

 

[El Diablo]

Smith having a presser at 3pm

 

[cv8z]

Yes. If Hayne didn't leave we wouldn't have signed Champion, Taka etc, and we wouldn't have had the ability to front load contract extensions for players renewed in 2015. We may have ended out off-loading an additional player in the offseason, but I see no reason why keeping Hayne necessarily means breaching the 2015 cap.

Only Reece was signed after Hayne's announcement
Hayne would have been sucking up around 1m in cap space
We may well have front loaded contracts, but I don't have faith in BA DA and SS looking after the cap, especially SS

 

[cv8z]

The buying the car thing is old news that was a couple of years ago.
Are we still paying Hayne? wouldn't surprise me.......

You wouldn't think so, he broke the contract not the club
But you never know

 

[Gronk]

Only Reece was signed after Hayne's announcement
Hayne would have been sucking up around 1m in cap space
We may well have front loaded contracts, but I don't have faith in BA DA and SS looking after the cap, especially SS

OK I'll bite. Based in what ? What do you personally know about any of the above people that would allow you to make an assessment of their ability to manage the cap ?

 

[hineyrulz]

OK I'll bite. Based in what ? What do you personally know about any of the above people that would allow you to make an assessment of their ability to manage the cap ?

well offering a 31 has been undersized forward who has lost his leg speed on massive over's a four year deal doesn't instill me with much confidence. Also signing IDG form the Cronulla bench to a 2 and half deal when we only needed him for half a year also doesn't instil me with much confidence. Besides the muppet Look at me Seward dribbling to the media at every opportunity and infect delivering very little.

 

[Sir Don]

you knobs are all the same While Hayne was there hes on 700k but plenty of room to sign players but when there gone they were on 1m or 1.1 plenty of room to sign more players

 

[Gronk]

well offering a 31 has been undersized forward who has lost his leg speed on massive over's a four year deal doesn't instill me with much confidence. Also signing IDG form the Cronulla bench to a 2 and half deal when we only needed him for half a year also doesn't instil me with much confidence. Besides the muppet Look at me Seward dribbling to the media at every opportunity and infect delivering very little.

You're making comment on specific recruitment choices. That's not what he was talking about.

cv8z said that he had no faith in the ability of BA DA and SS to manage the cap. It was purely a hunch based on rumour and innuendo.

 

[cv8z]

Why do I have to personally know about any of the above people that would allow me to make an assessment of their ability to manage the cap? I have an opinion on what they've done in the past.
What experience apart from maybe DA do they have to have confidence in cap management?
A rookie coach and a reject CEO plus DA, all working as a team to get us where we are now?
Too many chefs making a bad dish.

 

[Barry O'Speedwagon]

Only Reece was signed after Hayne's announcement
Hayne would have been sucking up around 1m in cap space
We may well have front loaded contracts, but I don't have faith in BA DA and SS looking after the cap, especially SS

Reece was actually signed before JH left, but announced afterwards.

Taka did not sign until some date between Oct 25 and Oct 30 when it was announced. Hayne left before that.


We've extended Wicks, Taka, Folau etc during 2015. And apparently also Hoppa.

 

[andy777]

520k fine
loss of 4 points for next season (pending review / and changes)

 

[El Diablo]

Massoud keeps asking stupid questions

 

[Suitman]

You're making comment on specific recruitment choices. That's not what he was talking about.

cv8z said that he had no faith in the ability of BA DA and SS to manage the cap. It was purely a hunch based on rumour and innuendo.

Today's news is rumour and innuendo?

Suity

 

[hineyrulz]

You're making comment on specific recruitment choices. That's not what he was talking about.

cv8z said that he had no faith in the ability of BA DA and SS to manage the cap. It was purely a hunch based on rumour and innuendo.

paying overs for a broken down hack has plenty to do about managing the cap, you reckon he left for under??? lol he came for a holiday and a retirement fund and the boobs in charge couldn't wait to help him out. Signing a back up hooker who couldn't get a gig for 2 and half years isn't a sign they have no idea what they are doing???? Our retention committee wouldn't know their arse from their armpits.

 

[Barry O'Speedwagon]

SMH Report Here:

http://www.smh.com.au/rugby-league/parramatta-eels/parramatta-eels-fined-525000-for-significant-salary-cap-breaches-20150521-gh6dim.html

Smith notes that he is comfortable with our 2015 salary cap position.

 

[Suitman]

SMH Report Here:

http://www.smh.com.au/rugby-league/...cant-salary-cap-breaches-20150521-gh6dim.html

Smith notes that he is comfortable with our 2015 salary cap position.

Wonderful news. :roll:

 

[El Diablo]

http://www.nrl.com/eels-fined-for-salary-cap-breaches/tabid/10874/newsid/86425/default.aspx

Eels fined for salary cap breaches

Thu 21 May, 2015, 3:06pm
NRL.com

The NRL issued a breach notice to the club on Thursday which also imposes a penalty of 4 competition points for breaches of the cap.

The competition points will be deducted at the start of the 2016 season unless the Eels undertake an independent review of its governance and organisational capability - and implement changes recommended by that review.

CEO Dave Smith said today the breaches were significant and were the product of inadequate oversight and governance at the club, largely by previous administrations.

He said that in 2014 the club overspent in each of the four salary cap categories. The amount of each breach is:

• NRL Top 25 - $101,718
• NRL 2nd tier - $233,036
• NYC Top 20 - $60,915
• NYC 2nd tier - $8277

In addition, benefits provided to Eels players by the Parramatta Leagues Club in 2013 were also identified and represent a breach of the salary cap.

Mr Smith said the NRL had worked proactively to try to help the club avoid breaching the caps. The club had been given multiple warnings that it was in danger of breaching the caps but did not take sufficient steps to address the non-compliance.

He said that the NRL generally imposed a fine commensurate with the level of the breach.

But the club would be fined an additional penalty, taking the total to $525,000, for failing to take action to rectify its salary cap problems despite being warned to do so.

Mr Smith said the club's governance had failed but he acknowledged that steps were now being taken to improve the systems at Parramatta.

He said the club would have until 29 February next year to undergo an independent governance review and implement the changes recommended by that review.

This will include a review of the club's organisational capability.

The club must also ensure it does not breach the salary cap rules before 29 February 2016.

If the club fails to satisfy these conditions it will start the 2016 Telstra Premiership on minus four competition points.

"The salary cap is one of the reasons we have the closest sporting competition in Australia," Mr Smith said.

"We have to continue to take a hard line against breaches, particularly where a club's governance and compliance systems are demonstrated to be inadequate.

"This action is aimed at improving the underlying problems at the club which have caused this breach."

Mr Smith said Parramatta would have an opportunity to respond to the breach notice before a final determination is made.

The Sydney Roosters also face a fine of $41,292 for a breach of the salary cap rules. The breach related to inaccurate reporting of education allowances in the Club's NYC Top 20. The Roosters will also have an opportunity to respond to the breach notice.

 

[hineyrulz]

Today's news is rumour and innuendo?

Suity

Honestly our fans are most deluded in the comp, we are a joke, a rabble a steaming pile of shit. The laughing stock of the NRL isn't enough of a pointer. The sooner the NRL takes over and sells the license to someone with some cash and an IQ in triple figures we will continue to underachieve and be the laughing stock of the comp.

 

[Gronk]

Boring !

The Eels breached the NRL Top 25 cap by $101,718, the second-tier cap by $233,036, the NYC Top 20 cap by $60,915 and the NYC second-tier cap by $8277. It is the first time an NRL club has been found to have breached all four caps.
They were also reprimanded for benefits of $32,104 provided to players by the Parramatta Leagues Club in 2013 including the purchase of a car by the club from front-rower Fuifui Moimoi. The Eels paid Moimoi $15,000 when it was worth between $3800 and $5200.

 

[The Elephant In The room]

Boring !

I they didn't count the cost of the big arsed subwoofers in Fui's car. Worth every cent of $15k.