How do TPPs work in regards to the salary cap & what the NRL considers "market value" for a player?
I cite when the NRL blocked Parra buying Folau because they deemed the offer below his market value & also the debacle over us having to let Gifty go because we apparently offered him less than the NRL deemed was his market value.
So TPPs dont count in the salary cap yet are supposed to be negotiated by the player & his manager with the 3rd party "at arm's length" from the club.
I'm just wondering about the logistics of clubs buying big name players & relying on TPPs to get them in.
For example, Cooper Cronk agrees to $700k per year for 2 seasons at the Roosters (I'm making these figures up BTW).
A 3rd party offers him $400k per season, bringing his annual income to $1.1m.
Did he agree to the Roosters offer THEN seek the TPP? If so, there was a risk he may not have landed such a lucrative TPP & would be stuck with "only" his Roosters salary...
...or was the TPP arranged prior to the Roosters offer, or was it all done simultaneously?
How would the Roosters know they could get away with offering him only $700k because he has a $400k TPP lined up, if it's supposed to be done independently of the club?