Sport Newcastle's unique salary cap problem that justifies their heavy spending

23:25  13 november  2017
23:25  13 november  2017 Source:   Sporting News

Broncos' cap questioned after Lodge rejects huge Newcastle offer for peanuts

  Broncos' cap questioned after Lodge rejects huge Newcastle offer for peanuts Something smells fishy

On the opposite end of the spectrum to clubs like the Roosters and Bulldogs, the Knights are fighting their own salary cap issues, only theirs involves spending money rather than cutting costs.

Disallowed Key Characters. Problem 4 What should the new president do in 2017?

  Newcastle's unique salary cap problem that justifies their heavy spending © Provided by Sportal com au

On the opposite end of the spectrum to clubs like the Roosters and Bulldogs, the Knights are fighting their own salary cap issues, only theirs involves spending money rather than cutting costs.

Speaking on Fox Sports' NRL 360, journalist Buzz Rothfield revealed the Knights are stuggling to meet the NRL's spending minimum which requires clubs to use 95 per cent of the new $9.4 million salary cap.

It's the reason why Nathan Brown has been expressing interest in almost any player that hits the open market, throwing dollar signs in their face in a desperate bid to both add talent and solve their financial woes.

Broncos' cap questioned after Lodge rejects huge Newcastle offer for peanuts

  Broncos' cap questioned after Lodge rejects huge Newcastle offer for peanuts Something smells fishy

blog 'jenchristensen.blogdetik.com' is not exists. ALA Survey of Librarian Salaries 2003 (ALA-APA Salary Survery: Librarian

blog 'susancurry.blogdetik.com' is not exists. Das Problem der Geltung im Recht: Unter Ber epub pdf txt.

‘’The new collective bargaining agreement, clubs must spend 95 per cent of their cap,’’ Rothfield said.

‘’So it’s a $9.4 (million) cap, they have to spend a minimum $8.9 million. You know what the Knights are spending at the moment? About seven million.

‘’Before June 30 next year, (they) have to legally find players. Now obviously Mitchell Pearce would obviously solve $1 million of it and they’re looking for centres as well.’’

While Brown has splashed cash on nine exciting signings headed by Aidan Guerra and Kalyn Ponga, the club still has $2.4 million to add to their 2018 roster, needing to spend over $1.5 million by June 30 next year.

O'Donovan misses an absolute sitter for Newcastle

  O'Donovan misses an absolute sitter for Newcastle Seriously, how did he miss?

blog 'hollypak.blogdetik.com' is not exists. My Money Journal: A Safe Space for Tracking Earning, Spending & Saving

Their hopeful solution - Roosters star playmaker Mitchell Pearce who is currently weighing up his options after Cooper Cronk hijacked his halfback position.

They may not need to go beserk and raid the NRL market, with NRL 360 host Ben Ikin throwing up another suggestion to work around the rule and potentially save them before the deadline.

‘’Rather than back-ending contracts, you can drag money that appears in player’s contract in two or three years down the track and drag it forward to the 2018 season,’’ Ikin said.

‘’So someone like Kalyn Ponga – let’s just say he’s on $500, $700, $900 (thousand) – you could drag $500,0000, if you had it in your salary cap next year, forward two years which lightens the load in the third year of his deal.’’

Alongside Guerra and Ponga, the Novocastrians have locked in exciting Rooster Connor Watson, Brisbane's Tautau Moga and Herman Ese'ese, Cronulla veteran Chris Heighington, Warriors prop Jacob Lillyman and Melbourne's Slade Griffin for next season.

Jets right in the A-League mix: Merrick .
Newcastle coach Ernie Merrick says the Jets have what it takes to challenge for silverware after going unbeaten in the A-League's opening six rounds.The Jets' latest triumph was a 2-1 win over Adelaide United at Coopers Stadium on Saturday which saw Newcastle temporarily take top spot with four wins and two draws.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!