snowman
Total gronk
fwiw, if we only cop a 300k reduction, we can sign seggy this year anyway as we are way under
Salary Cap Sanctions Guessing Game
- Thread starter Mr Ryan
- Start date
CrazyMatt
Jaws
A couple of journos are saying $500K fine (discounted for self reporting) and we have to play $350k under the cap for two years. The Tele has picked it up as well.
Apparently we will have to offload a player.
Apparently we will have to offload a player.
From the Tele:
"The honesty of Cronulla Sharks CEO Barry Russell has saved the club $500,000 in salary cap fines.
The NRL will shortly announce the club was to be fined $750,000 but reduced it to $250k because Russell self-reported.
But in a blow for the Sharks the club will play $350,000 under the salary cap for the next two seasons.
This will force the Sharks to offload a player before the start of the season in order to be under the cap.
The NRL has also determined that former Sharks coach Shane Flanagan will remain deregistered for an indefinite period."
"The honesty of Cronulla Sharks CEO Barry Russell has saved the club $500,000 in salary cap fines.
The NRL will shortly announce the club was to be fined $750,000 but reduced it to $250k because Russell self-reported.
But in a blow for the Sharks the club will play $350,000 under the salary cap for the next two seasons.
This will force the Sharks to offload a player before the start of the season in order to be under the cap.
The NRL has also determined that former Sharks coach Shane Flanagan will remain deregistered for an indefinite period."
Super Impose
Great White
250 k fine
350k cap reduction for 2 years
According to Buzz
Will not signing Seggy be enough to squeeze under?
snowman
Total gronk
so barry self reporting helped us.... who knew
CrazyMatt
Jaws
Oh is it? I thought it was reduced BY $250k down to $500k.
Don’t know, but they reckon we’ll probably have to cut one guy.
Haven’t you heard? It’s dozens of serious breaches every year except 2016
Western Sharkie
Jaws
The initial $750k figure relates to what?
Accidental breach for 1 maybe 2 payments of $50k? Systemic and deliberate breaches for larger sums?
I hope that the NRL disclose the nature and total value of the breach(es).
Without a clear explaination of what they have found, the fines and punishments don't mean a lot and can't be assessed to whether they are just or not.
No idea mate, that's all it said. Looking forward to hearing what it's for...
Western Sharkie
Jaws
Sorry Jaz. I wasn't expecting you to know.
I'm expressing that I hope the NRL explain their decision and fine otherwise who knows whether this is a fair punishment or a pie in the sky piece of **** they conjured out on nowhere.
Hopefully they will confirm these details when they officially announce our punishment.
SF
Mako Shark
Yep, this is better than I ever expected if correct.
HaroldBishop
Megalodon
So when is the media conference?
Super Impose
Great White
Perfect but let's hope he is not busted from last Sat night .
HaroldBishop
Megalodon
Pretty sure cap money as provided by the NRL can only be spent on player salaries.
Could be wrong though.