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The CAP Fine

taipan

Referee
Messages
22,461
Who was CEO ATT?

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Messages
13,481
The season from hell just got worse off the field for the Sharks with the club hit with a $150,000 salary cap breach – the most by any NRL club in a raft of fines handed down by the league.

The NRL has completed its audit and meted out punishments of $503,407 across seven clubs. The Sharks, who have been battling allegations of performance-enhancing drug use at the club, were hit with the biggest bill. Canberra ($144,393), Newcastle ($88,749), Manly ($85,000), Gold Coast ($16,217) and last-placed Parramatta ($4,700) were also fined.
The clubs have five days to challenge the fines, but the Knights have already stated they won't be doing so.

"The breach relates to the interpretation of an individual playing contract," Knight chief executive Matt Gidley said. "Our club has had extensive discussions over a long period of time to ensure future breaches in similar circumstances do not arise."

The Knights said both parties were confident further issues with the salary cap would not come up and that they supported the NRL's review of the cap.
The fines were imposed for a range of breaches across the top 25 squads, second-tier cap and NYC limits, with the penalties reviewed by the ARLC audit and risk committee and supported by the commission.

“The salary cap plays an incredibly important role in the competition and all clubs need to be accountable for staying within the limits of the Cap,” NRL chief operating officer Jim Doyle said. “This closeness of the competition over many years is tied directly to the fair and consistent enforcement of the salary cap rules and the effectiveness of the annual audit process.

“The fact that we are looking to review the cap going forward does not in any way alter the importance of clubs complying with the rules as they stand presently.”
Canberra boss Don Furner said his club would appeal the severity of the fine.

“We were aware of our overspend in both first tier and second tier salary caps however we will be lodging an appeal in the size of the fines and we're confident in that appeal,” Don Furner said. “This overspend related to representative bonuses, and payments to players outside the top 25 to cover long term injuries. “In 2012 we had to activate a number of clauses in younger player's contracts, as we needed to fill the positions left vacant by long term injuries to our top squad.

“Breaches of the lower-tier cap related to a number of allowances to our second tier players. We will be lodging an appeal this afternoon based on the fines issued to us.”


Read more: http://www.smh.com.au/rugby-league/...150000-fine-20130705-2pgab.html#ixzz2Y8dAtdrj
 

Weaponhead

Coach
Messages
10,958
I looked up 'train-wreck' in the dictionary and saw this

images
 

Luke Bowden

First Grade
Messages
7,185
But wait a minute, this can't be right, I was reliably informed on this forum, that the sharks had no Cap worries what so ever.

That's weird!
 

drago brelli

Bench
Messages
3,345
If I were you lot I'd blame Gillard, Lundy and Clare. By the time the development gets underway Cronulla is going to be back in big debt.
 

jc155776

Coach
Messages
13,674
But wait a minute, this can't be right, I was reliably informed on this forum, that the sharks had no Cap worries what so ever.

That's weird!

It wasnt cap issues, it was third party payments that were not declared that should have been apparently.
 
Messages
3,022
Tell the NRL that the Labor party will be paying our fine, we will deduct that from what they owe us in setting up the ASADA investigation that cost us millions and found nothing
 

Gallen=God

Juniors
Messages
312
Season from hell aye? We are firmly entrenched in the top 8 with a potential premiership winning side. Wouldn't call that the season from hell (see 2009). Typical media hyperbole making the situation seem worse than it is. Seems like everyone in football wants the sharks gone.
This is when the players need to stand up and send a big f**k off to the NRL community by belting every side we play from here until the grandy.
 

Special K

Coach
Messages
19,493
But wait a minute, this can't be right, I was reliably informed on this forum, that the sharks had no Cap worries what so ever.

That's weird!

You're a f**king idiot. We were under the cap however we reported 3 party payments incorrectly.

Don't worry we still have enough to take your next Wade Graham.
 
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