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Exit stage left: News Ltd demands Storm player sale

Discussion in 'Rugby League Forum' started by Berkeley_Eagle, Apr 28, 2010.

  1. Berkeley_Eagle

    Berkeley_Eagle Current Status: 24/7 Manly Fan 2016 Tipping Competitor

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    SHATTERED Storm players were last night told by News Ltd boss John Hartigan that several would have to leave the club to enable Melbourne to comply with the salary cap next season, sparking a likely bidding war for the Storm's four biggest names - Greg Inglis, Cameron Smith, Billy Slater and Cooper Cronk.
    Hartigan said a large portion of the Storm's breach for this season was the third-party guarantees.

    Stars such as Aiden Tolman and Brett Finch are off contract, while Jeff Lima has been offered a release, but Hartigan said others would have to go.

    As a result, deals such as Smith's $100,000 arrangement with Fox Sports will continue to be counted as part of the Storm's $4.1 million salary cap for the remaining three seasons of his current contract with the club.

    Slater and Inglis are believed to have similar guarantees, which reduce the amount of money the Storm can spend on other players if they are included under the salary cap. NRL chief executive David Gallop said the guarantees were considered the same as payments made by the Storm, even though the money came from broadcasters or sponsors for services provided by the players.

    ''Third-party agreements underwritten by Melbourne Storm for X amount of dollars are the same as cash, and it is irrelevant whether it is salary or an underwrite,'' Gallop said.

    ''If there is a signed agreement to say you will receive $100,000 from XYZ broadcasting that is underwritten by the Melbourne Storm if circumstances change, that is the same as receiving $100,000 in salary.''

    With many of the Storm players' contracts back-ended so they receive more money next season, the club needs to make savings of more than $1m to compete in the 2011 premiership.

    Pay cuts have been ruled out, as the amount needed to be trimmed off the club's wage bill would require players to reduce their income by about 20 per cent across the board - a figure too high for those with mortgages and families to seriously contemplate.

    However, the Storm have a handful of players on the minimum wage of $55,000 who would be unable to accept a reduction in pay under the collective bargaining agreement between the NRL and RLPA - meaning the remainder of the 25-man squad would have to take even bigger cuts to their income.

    ''What we have said thus far is that pay cuts don't solve their 2010 problems and may not solve their 2011 problems,'' Gallop said.

    He added that altering contracts to enable the players to remain at the Storm under the salary cap was also unfair to other clubs who had been unable to compete fairly for their services.

    ''The problem with pay cuts is that they ignore the amount that was used to take that player out of the market,'' Gallop said. RLPA boss David Garnsey and some player agents contacted by the Herald suggested the players with third-party guarantees could remove them from their contracts to help the club.

    But Gallop said: ''That is tantamount to a pay cut.''

    http://www.smh.com.au/rugby-league/league-news/exit-stage-left-news-ltd-demands-storm-player-sale-20100427-tq7k.html
     
  2. Rex

    Rex Well-Known Member

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    So the Storm had already planned more than a $1m overspend of the salary cap in 2011.  Nice.
     
  3. deadlyeagle

    deadlyeagle Member

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    well aparantly were not interested in buying any of the players so dont get your hopes up, were more interested in retention apparantly. I wouldnt mind going after Jeff Lima.
     
  4. SeaEagleRock8

    SeaEagleRock8 Sea Eagle Lach Staff Member Premium Member 2016 Tipping Competitor

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    Lima is past his best. Proctor might be a prospect. I'm happy for the other clubs to pick the carcass, along with rugby, super league etc. We've done well with our Storm recruits, Ox Bell & now Cross, but let's not push our luck.
     
  5. Dan

    Dan Administrator Staff Member Administrator 2016 Tipping Competitor

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    Slater would be a worthy pick up for anyone.
     
  6. Pepi

    Pepi Well-Known Member

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    Get rid of Perry, Sign Tolman
     
  7. ConcernedSupporter

    ConcernedSupporter Member

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    IMO - He will come out and say if he can't play with the Storm he won't play league. I reckon union will take him.
     
  8. Guest

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    Zorba stated on his show on sunday that inglis won't be at the storm next year.

    Maybe by getting rid of Perry and Mattai and Tony Williams we will sign Inglis?
     
  9. Bradza

    Bradza Well-Known Member 2016 Tipping Competitor

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    Perry (on his own) gives better value for money than (when I feel like it) Inglis.
     
  10. Chip and Chase

    Chip and Chase True Supporter Staff Member Administrator Premium Member 2016 Tipping Competitor

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    Mail is Folau is pretty well a done deal for Melbourne Rebels, on a decent package as well. That might limit their buying power for outside backs.
     
  11. ManlyBacker

    ManlyBacker Winging it Staff Member

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    Every dollar spent on White is a waste of cap expenditure. Anyone else catch him doing his best Brokeback impersonation of the MJ show last night? :)
     
  12. Rex

    Rex Well-Known Member

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    The Storm's salary cap overspend this year has now grown 20% from $700k to $850k, through further hidden payments being detected by the auditors... above what Storm management had admitted to.

    Pretty much puts paid to the argument that Storm should have been allowed to shed $700k (doing perhaps a Bulldogs-style "salary cut") and rejoin the competition this year.  Without a strong penalty what's to stop them from correcting the overspend on the two sets of books and then simply creating a third set?
     
  13. Canteen Worker

    Canteen Worker Well-Known Member 2016 Tipping Competitor

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    They would have been one million over the cap next year!!
     
  14. Rex

    Rex Well-Known Member

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    And would've been more if Bellamy had his way.  Not satisfied, he wanted Mason and reportedly Watmough added.

    Much of this $1m overspend actually relates to 2007/8, just backended.
     
  15. Rex

    Rex Well-Known Member

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    Despite all their bleating, the Storm have got off lightly.  And there is zero contrition from Bellamy and co.  If their overspend had been deducted from upcoming years' caps, matching year for year counting backwards, then if policed they would have been neutered as a top-8 force for 5 years.  Appropriately some would say.  Changing history books doesn't compare to losing top-line players for upcoming matches.

    What the NRL have done is a bit like taking a Sunday out and angrily yelling at a dog and beating it for all the holes it has dug in the back yard over the last 5 years.  Probably doesn't teach the dog to submit or to stop digging holes, just to fear, distrust and disrespect you.
     
  16. Jatz Crackers

    Jatz Crackers Moderator Staff Member

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    How do you make a cat bark ?

    You get a storm fullback.....pour petrol all over him.......stand back & throw a lit match on him............"woof"
     
  17. SeaEagleRock8

    SeaEagleRock8 Sea Eagle Lach Staff Member Premium Member 2016 Tipping Competitor

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    Where your analogy falls down is that the dog never pretended it wasn't digging holes.

    However I can't agree with Jatz's strategy of setting fire to their players. That would be inhumane.
     
  18. Jatz Crackers

    Jatz Crackers Moderator Staff Member

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    Where your analogy falls down is that the dog never pretended it wasn't digging holes.

    However I can't agree with Jatz's strategy of setting fire to their players. That would be inhumane.
    [/quote]

    I am just so cruel.
     

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