Graham

Sharks Salary Cap Issues

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Cronulla have reported themselves for historic Salary Cap breaches under a previous administration.

They have said they are being open about it and have given the NRL access to necessary documents etc. They say they a Salary Cap compliant in 2018.

The initial reaction seems to suggest just a fine would be handed to them.

Edited by Graham

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This is Paul Kent's version:

“Sharks Chief Executive Barry Russell found an irregularity in the 2015 season, the Sharks had a payment of $50,000, that appeared to be a nondisclosed payment outside the salary cap,” Kent said.

“The 2016 season, when the Sharks won the premiership at the moment appears clean, but it appears in 2017 there are irregularities of several hundred thousand dollars."

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According to the Daily Telegraph, the NRL’s integrity unit is investigating the Sharks after the club’s CEO Barry Russell conducted a review and reported suspect payments to the NRL.

 

The payments go back to 2015, and the Daily Telegraph believe the sum of money involved could be around the $250,000 mark.

However, one Sharks official confessed to the Daily Telegraph: “Now they’ve taken our server, we don’t know what they’ll find.”

The NRL currently believe the Sharks are compliant to this season’s salary cap, and expect them to feature in the finals.

 

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In March the Manly Sea Eagles were fined $750,000 and had $700,000 removed from their salary cap for two seasons after being found to have breached the cap. They are now waiting on an appeal verdict.

Manly’s breaches involved as many as 15 players over five years, totalling $1.5 million.

The Parramatta Eels were stripped on 12 competition points and fined $1 million by the NRL after the Daily Telegraph exposed years of player payment cheating and illegal third-party contracts.

 

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"Now they have taken our server,we don't know what they'll find"

I awoke the wife laughing so hard😂

Cronulla naughty boys in more ways than one?

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Never one dull moment with this club!

Looking forward to the investigation... if it's like the Asada thing, it's going to be quite amusing.

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According to Paul Kent, Sharks overpaid someone on the staff who then passed the surplus on to players.

The club claims the cheating of the Salary Cap happened in 2015 and didn’t involve any current player.

The picture being painted is that the 2015 arrangements didn’t contribute to the Sharks’ 2016 Premiership.

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Dirty work by Lyall Gorman perhaps...

If that’s the case, I reckon it should be Manly that get points stripped and fined.

Edited by Sports Prophet

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2 hours ago, Sports Prophet said:

Dirty work by Lyall Gorman perhaps...

If that’s the case, I reckon it should be Manly that get points stripped and fined.

Fine by me.

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