My understanding was the big issue is that we want to have Snake and Matai excluded from our salary cap this year.Clearly the club is not willing to pay out the players to pay their replacements the equivalent. They are seeking the insurance amount to offset the loss?..
Manly has to pay them anyway, and yes, the Penns own Manly, but the NRL funds the clubs for the full cap, so the cost of players doesn't come out of the Penn's pocket.