1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Salary cap squeeze to hit Manly at end of 2012

Discussion in 'Rugby League Forum' started by Berkeley_Eagle, Jan 14, 2012.

  1. Berkeley_Eagle

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

    15,995
    1,849
    Ratings:
    +2,115 / 14
    Salary cap squeeze to hit Manly at end of 2012


    http://www.heraldsun.com.au/sport/nrl/salary-cap-squeeze-to-hit-manly-at-end-of-2012/story-e6frfgbo-1226243927770

    IT is the salary cap plague that infests every grand final-winning team. But reigning premiers Manly are suffering the severest hang-over yet as they stare into the reality of being torn apart at the end of this year.

    The shockwaves of Des Hasler's defection to Belmore might have eased, but successor Geoff Toovey is now riding a perfect storm of heavily back-ended contracts and big-name free agents.

    The Daily Telegraph this week compiled a list of 2012's free agents and Manly have eight topliners at the mercy of rival bidders.

    Making matters worse is the fact three of those stars Brett Stewart, Matt Ballin, and Kieran Foran constitute 75 percent of the team's all-important spine.

    And the fourth, halfback and 2010 Rookie of Year Daly Cherry-Evans, is now asking for an improved deal after his startling debut season.

    Cherry-Evans is committed to Brookvale until the end of 2013 but on a modest contract that no longer reflects his Test player status.
    It's believed he will only earn around a total $250,000 under the original deal, which was struck long before the Redcliffe product made his NRL debut in round one last year. Both Toovey and Sea Eagles boss David Perry acknowledge Cherry-Evans is now worth far more and are trying to do the right thing by extending the 22-year-old's deal.

    They would also be aware his Queensland roots would be an attraction for the cashed-up Broncos who also have halves combination Peter Wallace and Corey Norman off-contract at season's end.

    "We know Daly loves the club and wants to stick around," Perry said. "We see him as a long-term player who will be important to the team beyond 2013.

    "We're really excited by the fact he exceeded expectations in the first season he's matured at such an early stage.

    "We're working with his management team now to come up with something satisfactory for both parties."

    But the real headache is being created by star players such as Tony Williams, Anthony Watmough, Glenn Stewart, and Jamie Lyon that Manly have under lock-and-key beyond this year.

    When he was at Manly, Hasler committed several of those stars to back-loaded contracts. They are conspiring to gobble-up a huge proportion of the club's 2013 salary cap, thus preventing the Sea Eagles matching rival offers for their off-contract players.

    "It's obviously a challenge (to keep players) on the back of winning a premiership," Perry said. "All clubs are put in a position where player values increase and keeping them all under the salary cap is an issue for us".

    Although contracted until the end of 2014, Foran enjoys a get-out clause that was triggered when Hasler joined Canterbury last October.

    But while Foran is still a chance of following Hasler to Belmore next season, the Bulldogs now appear to be targetting Raiders dynamo Josh Dugan over Stewart to play fullback in 2013.

    Promising prop Darcy Lussick has also been heavily linked to Parramatta another club primed for a roster make-over this year. The Eels have also expressed interest in Dragons hard-man Beau Scott, and will have enough cap space to compete with any club should they not re-new contracts of a host of senior players. Coach Stephen Kearney faces some tough calls over the futures of popular trio Nathan Hindmarsh, Luke Burt and Fuifui Moimoi.

    Roosters officials face an identical quandry over long-serving icons Braith Anasta and Anthony Miniciello, both of whom were only given one-year extensions in 2011.

    Although 31-year-old Minichiello could finish his career in England, it is understood Anasta wants at least another season in the NRL and is keen to know where he stands.

    The Tigers, Sharks and Bulldogs are other clubs with plenty of decisions to make.

    Set to partner Todd Carney in the halves this season, beefy playmaker Wade Graham has already been nominated as one player Shane Flanagan is keen to keep. But according to Tigers CEO Stephen Humphreys, fans and players alike might be kept guessing for a lot longer because no-one is likely to know the salary cap's exact new capacity until midway through the year at best.

    The broadcast deal cannot be negotiated in earnest until the Independent Commission is finally installed a development expected late last year that's still several weeks from fruition.

    Insiders then expects CEO David Gallop to talk to networks for several months as he strives to deliver the code a deserved $1 billion-plus windfall per season.

    "We mightn't know what the cap will look like until much, much later in the year," said Humphreys, whose Tigers have representative stars Lote Tuqiri and Tim Moltzen off-contract. "The uncertainty is putting things on hold to a certain extent".



    [​IMG]
     
  2. Shoe1

    Shoe1 Well-Known Member

    6,218
    1,988
    Ratings:
    +4,642 / 74
    Yeah we knew that already mr massoud.[hr]
    And the correct spelling is "quandary"
     
  3. Peter C

    Peter C Well-Known Member

    1,375
    376
    Sydney
    Ratings:
    +742 / 16
    This problem will apply to most clubs, not just Manly, but because we're the premiers they concentrate on us.
     
  4. Darren

    Darren Well-Known Member

    3,531
    386
    Ratings:
    +507 / 20
    it is to be expected. You can't blame Des backloading a few seasons back. We need the juniors to step up and this will keep us rolling, cunmningham, higgins, riccardi, whare, oldfield to step up and take some pressure off. If a Riccardi really came good then he may take Keiran's spot if he gets offered 450+ which we can't afford. The extra in the salary cap in 2014 will help as well. Maybe more backloading??? like we did with Brett!
     
  5. the mauler

    the mauler Well-Known Member 2016 Tipping Competitor

    2,765
    1,139
    Ratings:
    +1,653 / 25
    Manly can just backload the guys that are re-signing. Pretty simple way of getting around that problem I would've thought.
     
  6. The Eagle

    The Eagle Well-Known Member

    5,841
    480
    Ratings:
    +480 / 0
    Im expecting Lyon to head back to saint helens, thats $450k with Whare in the wings, thats DCE taken care of, the rest can be fine with backloading

    Des leaving is like Bennett running out during the thoroughbreds scandal
     
    • Like Like x 1
  7. Moondog

    Moondog Grey-beard loon Premium Member 2016 Tipping Competitor

    5,002
    1,992
    Hervey Bay
    Ratings:
    +3,533 / 32
    End of 2012? Who cares? I'm looking forward to the start of the season.
     
  8. mozgrame

    mozgrame Well-Known Member

    7,007
    3,013
    Ratings:
    +4,565 / 45
    If Jamie goes, Foran goes and the Stewies go, that's a whole lot of money. Just like Des heading off, it won't end the world or kill the club. We have young blokes and we'll have a dollar or two. It will just be a bit of a shame is all. It's part of the game and all clubs have to deal with it.
     
  9. The Who

    The Who Well-Known Member

    7,290
    2,227
    Mona Vale
    Ratings:
    +4,839 / 103
    Parra, Easts, Souths, Cronulla have been trying to buy success for decades. Until they start recruiting well and giving their juniors a chance to shine they will squander the bulk of their salary cap on big names who rarely deliver to their expectations. Ingliss, rated by many as the best player in the world in 2009-10, is a prime example, doing squat for Souffs' position on the table.
    The talent lies in being able to spot a player like DCE in his formulative years, and sticking with him. Then having the sense to let Hodkinson go at an inflated salary to a rival, giving DCE a clear go at being the no. 1 halfback.
     
  10. Darren

    Darren Well-Known Member

    3,531
    386
    Ratings:
    +507 / 20
    look, brett and jamie are nearing the end so it has to be expected!! maybe 2 more years but what wonderful ambassadors to our club. Keiran is a worry but in the end if he is purely chasing the dollars then so be it. Remember the lifestyle on the northern beaches is tops so that is a drawcard. Des driving to Belmore each day sums it up. Down in the gong, matt cooper are born and bred, they will never leave. I believe Darcy will stay because of his local ties. Hoppa was different as the money was astronomical and employed his dad.
     
  11. The Who

    The Who Well-Known Member

    7,290
    2,227
    Mona Vale
    Ratings:
    +4,839 / 103
    I believe Parra's astronomical price for Hoppa Jnr will prove to be the worst recruitment decision for many years, and probably only be topped when Easts pay squillions for Sonny-Boy..
     
  12. Cameron

    Cameron Cambo Premium Member

    6,170
    458
    Redcliffe
    Ratings:
    +662 / 35
    I think a few forwards might be released to go to England.
    I'm thinking kite and joe.
     
    • Like Like x 1
  13. Aetna

    Aetna Active Member

    222
    46
    Ratings:
    +56 / 0
    In 2013 Joe Galuvao will be 35, Brent Kite & Jason King 32, Jamie Lyons 31. These champions will be in their mid 30's if they resign. If Manly can keep Foran, Cherry-Evans & the Stewart brothers every thing else will fall into place.
    The special talent of these four only need the rest to be the consistently hardworking type of players around them.
     
  14. Earnie the Eagle

    Earnie the Eagle Well-Known Member

    1,348
    255
    Ratings:
    +359 / 16
    Would someone be kind enough to explain backloading, thanks,
     
  15. Moondog

    Moondog Grey-beard loon Premium Member 2016 Tipping Competitor

    5,002
    1,992
    Hervey Bay
    Ratings:
    +3,533 / 32
    In financial terms, to backload is to defer payment until the end of a budget period or the end of a contract.
     
  16. swoop

    swoop Well-Known Member 2016 Tipping Competitor

    3,498
    637
    Ratings:
    +1,201 / 16
    Don't forget Matt Ballin who is a very important member of this squad. If we can keepthe young guns in Ballin, DCE, Foran, T-rex and the Stewart bros and backend their contracts as elder players such as Kite, Lyon, Joe and King retire we'll then keep a nucleus of players that we can build on.
     
  17. Earnie the Eagle

    Earnie the Eagle Well-Known Member

    1,348
    255
    Ratings:
    +359 / 16
    Thanks Moondog
     
  18. Berkeley_Eagle

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

    15,995
    1,849
    Ratings:
    +2,115 / 14
    Player signs a $1,200,000 x 5 years deal

    year 1 $150,000
    year 2 $150,000
    year 3 $200,000
    year 4 $250,000
    year 5 $450,000
     
  19. Craigm

    Craigm New Member

    22
    2
    Ratings:
    +2 / 0
    Player wants $300k per year for 3 years.

    We only have $100k avail in our cap for this year, but $350k avail in year 2 and heaps in year 3.

    So we can't pay player $300k each year because of the cap, but we cab still get him the equivalent $900k over 3 years by backloading his contract, so he gets the following

    Year 1 - $100k
    Year 2 - $350k
    Year 3 - $450k

    Total equals $900k over 3 years.

    It is basically a legal way to rort the salary cap which I am amazed the NRL still hasn't shut down.
     
  20. 1947

    1947 Active Member

    469
    83
    Ratings:
    +83 / 0
    I think Jamie will retire when 31years. Read an article recently saying his body is getting tired and he hopes to see out the next 2 years.
    Family man with 3 young kids, enjoying the Northern Beaches lifestyle - doubt he would go to the UK again.
     

Share This Page