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Big Boost In Cash Grants

Discussion in 'Rugby League Forum' started by bones, Oct 15, 2013.

  1. bones

    bones Bones Knows

    +9,037 /102
    Sydney Morning Herald- Chris Barrett

    The NRL is set to announce a significant upgrade to the cash handed annually to its 16 clubs, increasing the grant to $7.55 million a year.
    A rise of $450,000 on the existing figure is more than the increase to the salary cap for next season. The cap, which was set at $6.3m this year, is to be lifted to $6.7m for the 2014 season.
    This year was the first time in the competition's history the funding to clubs, which teams rely heavily on to field competitive teams, exceeded the salary cap for player payments.

    In another development it is also expected to be announced that for the first time the code's administration will not use any of its broadcasting revenue to run the NRL, with that windfall to be reserved for the clubs and the states.
    The NRL last year signed a record $1.025 billion television deal with broadcasters Channel Nine and Fox Sports.
  2. HappilyManly

    HappilyManly MWTS Premium Member 2017 Tipping Competitor

    +19,035 /368
    Well the 850k difference in the Cap and Club Grant should secure Gifty for next year :)

    Would be great if the Club put up a signed Players Tab, along with the length of their contract :idea:
  3. MadMarcus

    MadMarcus Local Lunatic 2017 Tipping Competitor

    +8,383 /74
    Saw the headline and thought it was about the Roosters payments to the refs...
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