Panthers to keep premiership-winning team together after banning bonus paymentsPenrith management has now “tidied up” their once troubled salary cap and the bold move also ensures the 2021 premiers remain salary cap compliant.
“We now go forward with no surprising bonuses in player contracts which can affect the post-year salary cap,” Panthers Group CEO Brian Fletcher said. “Our contracts are now neat and tidy. If you’re on $200,000 then you get paid $200,000.
“There are now no surprises with our cap after winning a grand final. There’s no problems with any of that now.
“That’s where you get into trouble and we have been in trouble before but the retention committee has that well under control. Our contracts offer very limited upside for playing Test, Origin or winning grand finals.
“Clubs don’t want to get to the stage where they have to get rid of a player because another player was owed a $100,000 bonus. We have tidied up all that.
“If you’re part of a grand final side then your value automatically increases – that, in our minds, is equivalent to a bonus.”