Prize Gold Coast Titans recruit Dave Taylor is examining his options after revelations his new club could collapse under a $35 million debt.
The Queensland Origin forward will hold talks this week with his manager to discuss the validity of the four-year, $1.8 million contract he agreed with the Titans last week, the Sunday Mail reports.
The South Sydney Rabbitohs have not given up hope of keeping Taylor and are understood to be ready to re-open negotiations.
Taylor’s manager Col Davis phoned the Rugby League Players’ Association on Friday to ask whether Taylor’s agreement with the Titans was binding.
Taylor, who agreed to join the club only three days before the full extent of the Titans’ debt was known, has not put pen to paper and is only bound to his new deal by a verbal agreement.
In an indication that Taylor wants out, Davis has been studying precedents of cases involving players reneging on deals after making verbal agreements.
They include Tim Moltzen’s deal with the St George Illawarra Dragons last year and Steve Turner staying with the Melbourne Storm after doing a deal with the Gold Coast.