Salary cap? What salary cap?

[SeaEagleRock8]

Dogs offer to Tino - "the Bulldogs have offered the Titans skipper a monster deal which also gets around the salary cap."

$4m deal and shares in a pub? Hotel tycoon steps in as Dogs table bonkers offer for Tino

$4m deal and shares in a pub? Hotel tycoon steps in as Dogs table bonkers offer for Tino

www.foxsports.com.au

"Laundy and the Bulldogs’ ploy is somewhat similar to what the Melbourne Storm did with a number of their off-contract stars last year.
Storm chairman Matt Trip gained approval from NRL powerbrokers for his players to receive investment opportunities in bookmaking firm Betr."

 

[SeaEagleRock8]

How does the NRL justify stuff like this??? Oh, probably because the Dogs have a big fanbase and they don't want them to become disinterested in their mediocre team. And Storm, well the game needs a respectable presence in Melbourne, so, you know...

 

[bob dylan]

Good on them.

I wish our owner/s were proactive.

 

[globaleagle]

Dogs offer to Tino - "the Bulldogs have offered the Titans skipper a monster deal which also gets around the salary cap."

$4m deal and shares in a pub? Hotel tycoon steps in as Dogs table bonkers offer for Tino

$4m deal and shares in a pub? Hotel tycoon steps in as Dogs table bonkers offer for Tino

www.foxsports.com.au

"Laundy and the Bulldogs’ ploy is somewhat similar to what the Melbourne Storm did with a number of their off-contract stars last year.
Storm chairman Matt Trip gained approval from NRL powerbrokers for his players to receive investment opportunities in bookmaking firm Betr."

I'm not sure how it works, but the nrl make such a big deal about 3rd party deals being sourced from outside of the club, yet this seems to be a '3rd party like' deal that the club sponsor/owner organises and pays for?

Seems to make a mockery of that whole "Manly Grandma and her sponsorship of foz" outrage a few years ago.

Is it not included in the cap? sheesh

 

[Woodsie]

It is only a rort if you're not in it.

As long as the rules are the same for all clubs ... play on.

But I forecast a pandoras box of dodgy deals in emu farms and weight loss clinics .. and bankrupt footballers in our future

 

[Disco]

I dont see how this would not be part of the cap.

 

[BOZO]

Good on them.

I wish our owner/s were proactive.

There are two types of People that I experienced in my Manly Premiership Glory days

The Innovative Winners who think outside the square find ways to Win
and the Incompetent Whingers who only have the capacity to complain and what a useless and complete waste of time that is

Power to the ones that are capable of thinking outside the square
As The salary cap is only as affective as the Innovators and Proactivators in the club that manage the cap .

 

[Woodsie]

I dont seechow this would not be part of the cap.

It is a bit bewildering ... the logical gymnastics involved to arrive at that conclusion are impressive

 

[Waz13]

The only surprising thing here is that Easts haven’t applied it yet! #brownpaperbags

 

[Ranga]

If it’s a gift, no doubt it’s part of the cap.

If the player has to part with cash in exchange for equity, and the equity is valued at fair value, then there’s an argument that it should be outside of the cap. Where the argument falls down is that the investment is only available to players who sign with the Dogs, so cuts across the purpose of the cap. (A breach of the “spirit of the cap” if you like)

 

[The Who]

The most surprising thing about this "offer" is that the details have become public. The wealthier clubs have been doing similar dodgy deals for years. Anyone like a share in a car business? How about a new car for you and your partner every year?
JWH just sold his home in Mosman for $8-million...
Clubs backs by Leagues Clubs can offer a share of the pokie profits.
One thing for certain is: The NRL's darlings -- the wealthier clubs -- will continue to enjoy advantages over suburban clubs, and be successful. The NRL is little different to the English Premier League where the top four rarely changes year to year.

 

[Damien2812]

How can Laundy Hotels offer part ownership of a pub within the salary cap when Laundy Hotels is the major sponsor of the Bulldogs? I thought anything 3rd party has nothing to do with the club and it's existing sponsors? 🤔

 

[manly al]

Looks like it has been going on in one form or another for ages and especially on a bigger scale by some clubs and in particular since the " Thoroughbreds " days of the Broncos 20 + years ago .
Then in any number of other examples or propositions to the present time .
Surely would have to represent some semblance of a T P A , which has been so called officially stated on many occasions , must involve a hands off involvement by individual clubs , directly or indirectly .
What was that notion or line again previously by an N R L official that consistency is often grossly over rated or over stated .

 

[Thewestisbest]

Stu Laundy is a powder puff merchant, anyone remember his "boxing fight" against SBW?

 

[mave]

Manly footy star 'personally sponsored by an 81-year-old GRANDMOTHER'

Rugby league star Kieran Foran was reportedly being personally-sponsored by an 81-year-old grandmother - paying the representative halfback 'hundreds of thousands of dollars'.

www.google.com

Does this ring any bells??

If the NRL allow the Dogs to do this, we may as well disband the cap and make the whole thing a free for all.

 

[cc eagle]

Manly footy star 'personally sponsored by an 81-year-old GRANDMOTHER'

Rugby league star Kieran Foran was reportedly being personally-sponsored by an 81-year-old grandmother - paying the representative halfback 'hundreds of thousands of dollars'.

www.google.com

Does this ring any bells??

If the NRL allow the Dogs to do this, we may as well disband the cap and make the whole thing a free for all.

Abdo apparently said, it will not be allowed and if so would be counted under the salary cap

 

[lsz]

If only we were owned by a wealthy family with a number of business that potential recruits could invest into

 

[Kiwi Eagle]

My memory is a little hazy, but remember the yarns from years ago about Orford getting a nice apartment in his deal with us

 

[Uber Eagle 72]

I would imagine to make this work it would have to be a 3rd party, thus Penn could not offer share deals with Players on weight loss programs and alike. Could be wrong.

I suspect if this grows momentum the NRL a will regulate it ( make it harder)

 

[Woodsie]

I would imagine to make this work it would have to be a 3rd party, thus Penn could not offer share deals with Players on weight loss programs and alike. Could be wrong.

I suspect if this grows momentum the NRL a will regulate it ( make it harder)

You must of missed the part of the article that said it was the major sponsor of the Bulldogs, and the owner of the Storm offering shares in companies they owned ...