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

23:25  13 november  2017
23:25  13 november  2017 Source:   sportingnews.com

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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 NFL offseason is coming for many teams, and it’ s time to start looking about how each club can improve for 2018 with their salary cap situation. So how much does each club have at its disposal to spend ? Additionally, the Cleveland Browns have more than 1 million to spend if they choose

The salary cap floor does not apply to any single season, only to the entire 2013-2016 period. That means that not being in compliance in any single year is not going to be a problem for any team. Only if a team has so chronically underspent that they managed to still be below 89% over the entire

‘’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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Salary Cap and League Wide Cash Spending in a League Year is determined using special purpose letters. *Any tangible item of value provided to players that is unsigned and recruited included in their salary . Cash spending includes: total salary amounts paid to player, signing bonus earned or paid

In professional sports, a salary cap (or wage cap ) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries .

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.

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