TPA
I understand that, but TPA's mean the cap ceiling is limitless to the upside (hello Wayne). However, I don't know how the NRL allocate back ended contracts to the cap. Do they pro rata contract values for the term, or do they allow unders and overs through the years to run?
Not sure, but logically it must be what is actually payable in one season ... otherwise there is no benefit to the tactic ... and Manly wouldn't have been able to build the team we did.