Eels Lose $ Manly Gain $

Not exactly sure how this works so perhaps someone on here might explain. If the Eels purchase Zac Lomax they lose money off there salary cap because of the current value price of Lomax. If Manly offload Schuster they gain $ 2.4 million yet which club is going to pay the current value of Schuster who is nowhere near the quality of player that Lomax is. The way I'm looking at it doesn't make sense unless I'm missing something ( no smuggy comments ) like a few screws Lol 😂😆

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  • The Eels won't lose money from their salary cap, they just have to do the dance with the NRL who will rightly recognise that Lomax does not have a current market value of $800k because no one is willing to pay that. The rule is that it's by exemption only, so we've got to go through the process. Ignore the bleating from the usual media types, they have vested interests in other clubs so it is worth their while to try and make a song and dance about this situation because they want Parra to be as disadvantaged as possible. But the precedents are clear as day in recent years - the NRL will exempt this.

    Manly currently have Schuster contracted for several more years, that doesn't change - they've just given him permission to find a new club. Whoever picks up Schuster will face the exact same conundrum as we are. If Manly aren't willing to chip in any $$, then whoever picks up Schuster will have to inherit the current value of his contract (won't happen because he's crap and waaay overpaid) or they'll have to do the same dance with the NRL and prove that Schusters market value is what they will offer him and the NRL will exempt it.

    If no deal can be worked out, then Manly have to pay his contract and it stays on their cap.

    Manlys situation isn't similar to ours, it's similar to the Dragons with Lomax (ie a club choosing to try and offload a player and absolve the remainder of their contract).

    • Apparently Schuster has a weight clause in his contract which means they don't have to pay him the full wage of 800k. Fox nrl posted an article about it. There was also talk they could potentially cancel the extension as it was contingent on his weight. Schuster might have no contract extension anymore.

      • lol, that is hilarious. Imagine being that prone to KFC that they build a weight clause into your contract.

        And then imagine not sticking to it.

        In that case Manly are well within their rights to terminate and get their cap space back given Schuster has broken the terms of his contract.

    • I have strong mail that Arthur has promised lomax fullback spot if he comes. That might weaken an argument about value although I suppose nrl doesn't need to know that. 

      • Lomax doesn't have a contract in 2025. If Parra don't offer a contract, where does that leave Lomax? St George won't have him back. No other club is likely to pay his previous contract amount. This would be very different if he was still contracted at 800k for 2025 as that contract would have to be fullfilled somehow. In that case, Parra would not touch him with a barge pole.

      • So if true where does Gutho go ? 

        • Everyone knows where Gutho is going, some are in denial and refuse to accept it. I'm not sure Lomax is the fullback we need

        • Not sure but I think he moves to centre. I don't think the eels will offer Gutho another big money deal after the one he is on is what I'm hearing 

          • So Penisini and Gutho in centres. Harper gets the flick and Simmonson on the wing

  • Well in your description it is different as we are gaining a player and they are losing a player. Last report was we are offering him $650k and they are meeting with NRL to get exemption.

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