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

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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.

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  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.

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‘’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.

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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.

Mitchell Pearce to make call as NRL finalises Manly Sea Eagles salary cap probe .
Mitchell Pearce is expected to make a call on his future just as the NRL makes a determination on whether leading suitor Manly has rorted the salary cap.Pearce is believed to be leaning towards joining the Sea Eagles after the Roosters granted him a release, but will also consider pitches from Cronulla and Newcastle. The Sea Eagles hold appeal due to Pearce's respect for coach Trent Barrett, a bond that stretches back to their NSW halves combination from the 2010 State of Origin campaign.

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