snowman
Total gronk
fwiw, if we only cop a 300k reduction, we can sign seggy this year anyway as we are way under
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.
250 k fine
350k cap reduction for 2 years
According to Buzz
Will not signing Seggy be enough to squeeze under?
not really, depends on the breaches
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 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 then then 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...
Yep, this is better than I ever expected if correct.At least no comp points lost and 2016 title in tact - win win.
if we have to release anyone release ava
So we still get the 350k each year, we just cant spend it on players.
Theres the fine money