SYDNEY, AUSTRALIA - SEPTEMBER 11: Tyrone Peachey of the Panthers celebrates victory during the NRL Elimination Final match between the Penrith Panthers and the Canterbury Bulldogs at Allianz Stadium on September 11, 2016 in Sydney, Australia. (Photo by Mark Kolbe/Getty Images)

Titans CEO Graham Annesley has revealed that Tyrone Peachey’s manager tried to upgrade his contract to make it more lucrative.

Peachey signed a three-year deal with the Titans but has since conceded to having second thoughts about moving his young family to the Gold Coast as he and his partner are expecting their second child.

The NSW Origin representative is keen to remain at Penrith, who do not have the salary to accommodate for Peachey, especially with star halfback Nathan Cleary set to come out of contract.

And Annesley believes Peachey is using a “welfare issue” as an excuse to improve his contract.

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“It’s difficult to reconcile this as a welfare issue, when for the past few months Tyrone’s management has been trying to negotiate a contract upgrade and term extension,” Titans CEO Graham Annesley told Fairfax Media.

“If it was a genuine welfare issue, why would anyone be seeking an even longer term than already agreed? If we had simply agreed to the requested upgrade, which we can’t for [salary] cap reasons, this would never have become a public issue”.

Peachey’s agent, Sam Ayoub, has reportedly been attempting to extend his deal into a fourth year worth significantly more, something the Titans were not willing to engage with.

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“Imagine what would happen if we went back to any player six months after signing a contract to say we think we paid too much for you so we’d like to reduce the term and value of your contract,” Annesley said.

“There would be a riot.”

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