South Sydney has released a statement regarding the NRL's determination of their salary cap position for the next 18 months following the recent retirement of star centre Greg Inglis.
On Thursday night, the NRL confirmed Souths will include around $500,000 in their cap for 2019 (based on Inglis' earnings before his retirement this year), although they'll have $300,000 to spend before June 30.
The NRL will also determine what impact this has on their 2020 cap later in the year, but the Bunnies could have as much as $900,000 available next season.
South Sydney's statement can be read in full below.
The South Sydney Rabbitohs accept the NRLโs determination on the Clubโs salary cap position for the 2019 and 2020 seasons following the retirement of Greg Inglis.
The NRL has determined that any payments made to Inglis in 2019 in his new off-field roles will be included in the Clubโs 2019 salary cap. A determination will be made later this year on the amount to be included in the Clubโs 2020 salary cap based on what Inglis will be paid in 2020 over and above the expected wage for the roles he will be doing. The NRL has given the Club a preliminary indicative value of $100,000 to be included in next yearโs salary cap for planning purposes, however this is to be finalised later this year.
The Club believes it mounted a strong case that none of Inglisโ post-career salary should be included in the 2019 or 2020 salary caps, however the Club is supportive of the transparent and exhaustive process the NRL undertook in coming to their decision and looks forward to a consistent approach being taken in the future.
“TRANSIT LOUNGE” suoffffffffffs are on the hunt for more imports, wouldnt surprise me if Greg Bird signs on by Monday๐คฃ๐๐ ๐๐๐คฃ
Absolutely ridiculous decision.
Rules for some clubs and not others. There is no way to explain this decision that will even come close to being logical, unless they just come out and admit nrl favour bunnies and that a massive brown bag sealed this decision..
Nrl should be ashamed of themselves
More money for Latrell….
Tigers give Robbie Farah an after footy job and greenburg gives them a cap breach.
Rabbits give greg an After footy job and greenburg gives them $1 mill cap relief.
Get someone who understands it to slowly explain it to you.
It wonโt be you
Exactly correct. Only wabbits supporters will say this is correct but even they wonโt believe it is correct. What a sham nrl has become
NOT “Only wabbits supporters”.
I don’t have a problem with the Inglis decision, and I think the NRL got the Farah call right too. They are very different situations/cases, as were the Manly veterans retirements a few years back.
I’m obviously an Eels supporter, but I can still form unbiased opinions, for the most part at least.
P.S, I could also add as an Eels supporter I don’t throw unfounded comments around about “brown paper bags” etc, Bob.
The Farah thing was about the disclosure, or lack there of, to the NRL of the offer they made to him post career. The two situations are completely different.
I would have been happy for cap consideration next year for the Rabbitohs, but I don’t think there should have been any this year. That said, the cap relief given to the Raiders (starting with Josh Hodgeson last year) for season ending injuries is very similar to this case.
Name their imports…
Iโm always happy to listen to your view but this I donโt agree with.
The rule is to stop clubs throwing astronomical amounts of money at these older โlegendsโ knowing they are going to retire.
As an example and yes itโs a manly thing but… manly were told with the dce contract hat no matter what happens he is under our cap for the 6years.
So how in anyways is rabbits signing Inglis to a mil a season to stop him leaving when they knew the whole time he would more then likely not make out his. Contract, any different to dce?
Itโs not a bias thing itโs just the rules.
Also I donโt feel itโs remotely close to Hodgson, as he was injured on national duty not carrying an injury like Inglis was, and itโs not to retire him itโs to help the club through no fault of their own with his Injury
In all serious. How is it different to manly with snake and matai??
Yeah, your point on Hodgson is correct, I guess I was just looking for something similar and forgot that very important point about the injury occurring when on national duty.
Maybe at the time the whole DCE will stay on the cap was stated, but this decision will now set a precedent, and if DCE was to go down with a career ending injury then the NRL will be forced to give Manly Cap consideration based on that.
I completely understand where you are coming from, but I am happy for the NRL to provide consideration for the 2020 season. 2019, too bad, his full contract value should be on the cap. All this providing that other teams are afforded the same consideration moving forward.
Snake and Matai were always going to get the full value of their contracts paid out, and Manly tried to do it off the cap. Manly tried to “medically retire” them, which is a totally different issue.
Inglis retired, actually walked away from his future entitlements. Look at it as if he asked for a “release”from his current contract, which dozens of players do every year, and isn’t ever counted on the cap.
The fact that the Bunnies immediately employed Inglis, needed, and got, a comprehensive reviewing, to avoid a potential loophole. If you haven’t already it would be worth reading exactly how the NRL managed that, but in a nutshell, they have assigned a very low income (lowest end of fair value) to the job he’s undertaken, and that is the only amount he can earn (from the Bunnies / connected parties) “off the cap”. Anything above that amount (about $100k p.a) is counted on the cap until the end of 2020.
All except Radley who we are reminded just about every telecast he is a local junior.
WHOOPI DO
Someone on another forum suggested Broncos will do the same to get rid of Boyd earlier.
The difference is bet your bottom dollar Boyd won’t walk away from his payments.
Broncos are stuck with him.
Steve, when you and ๐๐๐ Syd started going out together did your family ask you two to reconsider. Or did you both make your own mind up and did not listen to your elders.
Same with Latrell Mitchell he is his own man and wants to stay and will play his entire career with the Sydney Roosters. His father has already stated what appreciation his family have to the Roosters for giving him and guiding him towards immortalisation. They are not interfering with that stupid souffffffffffs rubbish. Why would they distract him with playing in an inferior club. Where his career would stagnate and go backwards๐ช๐๐—You two lover boys are clutching at straws….. Clowns๐คก๐๐คก.
Steve & Syd ๐๐๐โฆ.. this is the NRL rules for developed players by a club.
$0.2 million = 200k, Veteran and Developed Player Allowance for eligible players who were either developed by the Club prior to becoming NRL players and / or have been a Top 30 player for at least 8 years at the Club or have been a Top 30 player for at least 10 years across the game
https://www.nrl.com/operations/the-game/the-salary-cap/
So a club can get the above mentioned discount for each of these players who never played with any other club in the NRL.
Tupou, Mitchell, Manu, Radley, Cordner, Aubusson, Friend, Liu, Collins, Butcher, Faamausili, Verrills, Tupouniua, Lam, Ikuvalu that’s 15 players who came through the Roosters lower grades before making their official NRL DEBUT from no other club only from the Roosters.
So work that out for yourself how much discount the Roosters are entitled to. Its not rocket science grab a calculator if you haven’t got 15 fingers and toes boys.๐คฃ๐๐คฃ๐๐คฃ๐๐คฃ๐ช๐๐—๐๐๐๐
I will explain it to you Bobby Fulton๐คก๐คก๐คก๐คก๐คก. All souffffffffffffffs N1TW1TS think the NRL RECKON they are the “Pride Of the West/League” ๐คฃ๐๐คฃ๐๐คฃ and when soufffffffs have a good season, which by the way they have had only 13 semi final appearances in 47 years….. that they think Rugby League is all the better for that rare achievement๐คฃ๐๐คฃ๐๐คฃ๐๐คฃ And now Russell Crowe comes out with his extra large Brown Paper ๐ค๐ฐ๐ฒ๐ฐBAGS and all of a sudden soufffffffffffs get to go on a spending spree.
Pretty simple stuff. But I see Bob you have already hit the nail on the head. So could you please tell the two lover boys Stevie๐๐๐ & Syd how it is so they can stop playing handy pandys and talk slowly to them so they will understand the FACTS please mate. ๐ช๐๐