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Salary Cap

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emjaycee

Coach
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13,765
Why are people saying there is yearly elections anyway ... the football club got the ass didnt it? So no elections there .... so it is currently every 2nd year for just the leagues club yeah?

Correct - the PDRL Club (football club) was placed into administration and then subsequently folded. This was in accordance with the constitution and didn't require a membership vote despite the wishes of some people on here. PNRL Pty Ltd (a subsidiary of the PLC) took over responsibility for the functions/roles of the PDRL.
 

emjaycee

Coach
Messages
13,765
Forgetting the practicalities (like changing the constitution etc), would an annual election for a third of the board seats be a terrible thing? Yep, obviously there are more elections. But the potential for massive power swings at any given election is lower, and this might (I say 'might') reduce the degree of self-interested f**kwitism that tends to plague the 'all-in' elections. Have to think about it a bit more. The natural controls that exist when this model is applied to listed companies (i.e. votes are typically proportional to the financial interest in the firm) aren't there with a footy club. Anyway, I don't think it's as obviously a ridiculous idea as some seem to assume. And yeh, Sharpie would do well to STFU on this one, at least at this point.

My proposal to the Constitutional Reform Committee was for 4 year terms with a half being required to stand for re-election every 2 years and also included limitations on the number of years an individual can serve (both concurrently and in total). It also included allowances for 2 non-electable directors (i.e appointments). 1 to be made by the NRL and 1 to be made by the Parramatta District Junior Rugby League.
 
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19,342
My proposal to the Constitutional Reform Committee was for 4 year terms with a half being required to stand for re-election every 2 years and also included limitations on the number of years an individual can serve (both concurrently and in total). It also included allowances for 2 non-electable directors (i.e appointments). 1 to be made by the NRL and 1 to be made by the Parramatta District Junior Rugby League.

Yep, sounds sensible to me.,
 

yy_cheng

Coach
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18,734
NRL investigating Parramatta Eels over Anthony Watmough third-party deal
Date
February 3, 2016 - 12:32 AM
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Adrian Proszenko
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From offloads to Open glory, these are the most exciting, silly and downright crazy plays in the sporting world this week.
The NRL is investigating whether Parramatta properly disclosed a third-party agreement for star forward Anthony Watmough in a development that could result in the club starting the season four points in arrears if the governing body rules it is a salary cap breach.

Fairfax Media can reveal Rugby League Central is examining the relationships between Parramatta, Watmough and two companies of which Stephen Moss - the son of Eels fan and former Macquarie Bank executive Bill Moss - is the sole director.

Upon shifting from arch rivals Manly, Watmough entered into a third-party agreement with ScoreCube, described as "the ultimate live sports scores and statistics App". While the Eels declared that TPA to the NRL, it's believed they did not disclose that ScoreCube is a wholly owned subsidiary of BlackCitrus, an IT firm that has, and continues to, provide a range of services to the club. The Parramatta Leagues Club engaged BlackCitrus as one of the parties to investigate allegations of membership tampering and the Eels continue to use the firm for a range of services, including producing an app for its junior leagues.

Deal under miscroscope: Anthony Watmough.
Deal under miscroscope: Anthony Watmough Photo:. Getty Images
Salary cap rules forbid any company involved in a commercial relationship with an NRL club to also serve as a TPA sponsor. The onus is on the club to declare any potential conflicts of interest to the NRL.

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A spokesman for the NRL said a salary cap review is currently being undertaken with the Eels.

"We will not be commenting on the review until it is finalised," the spokesman said.

The Parramatta Eels declined to comment.

"All agreements between BlackCitrus and past or present NRL players have been met with approval from all necessary stakeholders," said Stephen Moss.

Watmough was trumpeted as one of the club's biggest signings when he joined Parramatta, although a wretched run with injuries limited his effectiveness in his first season in blue and gold. There is no suggestion of any wrongdoing by Watmough, his management firm or BlackCitrus.

Should the NRL rule there is a conflict of interest, it could result in another breach of the salary cap. There could also be implications for any officials who knew, or should have known, about the potential conflicts of interest that were not immediately reported to head office.

Parramatta is on notice after becoming the first club to overspend on all four salary caps in 2014. In that year alone, the top-tier NRL cap was breached on 17 occasions, while exemptions for players were often requested after they had already taken the field .

The Eels have already paid a hefty price, copping a $ 465,000 fine and warned they would lose four competition points if there were any other instances of non-compliance.

The club is still in the process of working through the 119 recommendations handed down during a governance review conducted by PricewaterhouseCoopers, part of the process of satisfying head office that proper systems and processes are now in place. Rugby League Central is demanding the club implement 52 of the reforms by February 29, but officials are pushing back on some of them. The most contentious revolves around the constitutional reform required to scrap the two-year election cycle for a triennial model, a move recommended to stymie the instability caused by the bitter battles for control of the boardroom.

Bill Moss had hoped to bring the big end of town to Parramatta through his brainchild 'The Premiership Club', aimed at boosting networking opportunities for the Eels. However, club officials chose to proceed with the initiative without him.

It has been three seasons since Parramatta last won a premiership but there were high hopes for 2016 after an aggressive recruitment campaign. Joining Watmough at the club is former Sea Eagles teammate Kieran Foran, who will wear the No.7 jersey made famous by the great Peter Sterling. Other signings include NSW Origin forward Beau Scott, former Blue Michael Gordon and, most recently, Roosters superstar Michael Jennings. However, the chances of reaching the finals for the first time since 2009 will be severely dented if the NRL were to start the Eels two wins behind the rest of their rivals.



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17,633
Some decent info is being leaked to the media here. Imo the NRL is preparing the fans for -4 point start. You don't leak this kind of info to the media for no reason!!

If we do start on -4, who is responsible ? Or will there be more scapegoats and excuses given.
 

Gary Gutful

Post Whore
Messages
52,811
Some decent info is being leaked to the media here. Imo the NRL is preparing the fans for -4 point start. You don't leak this kind of info to the media for no reason!!

If we do start on -4, who is responsible ? Or will there be more scapegoats and excuses given.

Keep it in your pants Jake.
 

hineyrulz

Post Whore
Messages
153,185
3 seasons ago?? Stuart was a genius, not sure what those idiots Pou and Bart/Phantom were arguing about.
 
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19,342
Good to see we got our monies worth out of Schoey the "consultant"

The TPAs were presumably agreed in 2014, when Watmough signed with us. At the latest they would have been agreed in early 2015. Schooey started with us in November 2015. How could he have helped?
 

Noise

Coach
Messages
18,109
Good to see we got our monies worth out of Schoey the "consultant"

Didn't Schubert come in at the end of last year? The Watmough deal was in place at the start of last year. Pretty sure this is our genius management's fault from end of 2014, start of 2015
 

Twizzle

Administrator
Staff member
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152,795
The TPAs were presumably agreed in 2014, when Watmough signed with us. At the latest they would have been agreed in early 2015. Schooey started with us in November 2015. How could he have helped?

Agreed, and isn't he supposed to be reviewing our whole salary cap which would include all existing TPAs not just new ones ?

If he is engaged as a consultant isn't he is supposed to review the whole salary cap not just part of it ?
 

oldmancraigy

Coach
Messages
11,890
Agreed, and isn't he supposed to be reviewing our whole salary cap which would include all existing TPAs not just new ones ?

If he is engaged as a consultant isn't he is supposed to review the whole salary cap not just part of it ?

Do we know that this isn't Schu's findings?
Is it possible we are self reporting to HQ?

Could also just be the NRL trying to force us to go to 3 yr election cycles
 

Gronk

Moderator
Staff member
Messages
77,098
Is it just me or does it feel like we have ankle monitors on us and meanwhile the Roosters are unmonitored and breaking into houses n stealing cars ?
 
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19,342
Agreed, and isn't he supposed to be reviewing our whole salary cap which would include all existing TPAs not just new ones ?

If he is engaged as a consultant isn't he is supposed to review the whole salary cap not just part of it ?

How would that change the determination of whether we breached salary cap rules in 2015?

What exactly do you expect Schooey to have done in this case? He can't change what was disclosed to the NRL a year or more ago, and he can't change the terms of whatever contract Watmough signed with the TPs.
 
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