Parramatta have tabled Keaon Koloamatangi a monster four-year offer in a bid to prise the representative forward out of South Sydney.
The Roosters are also monitoring the situation, given forward Angus Crichton is off contract and considering a switch to rugby at the end of next season. Perth also inquired about 27-year-old Koloamatangi’s plans, but were told he wants to remain in Sydney.
However, the Eels are shaping as a genuine threat to South Sydney’s bid to retain the former NSW and Tonga star. Sources not authorised to speak publicly told this masthead the Eels have weighed in with a four-year offer worth seven figures a season.
Parramatta officials, including coach Jason Ryles, have met with Koloamatangi and his manager.
Replies
I like him as a player but not for the price.
Surely we can identify 2 x 18-20 Year old forwards that will potentially play Origin and offer them $500k a season each ?
I doubt that JB, identifying those youngsters and paying them 500k would be prohibitive odds.....
When you think of it and forgetting the actual individual (which is subjective) any forward/player that you buy for $1m and is not already an Origin Player would be a punt of no certainty.
Of course there are plenty of players that have played Origin and you would not feed.....Matto is an example, would you have identified him as a youngster, plenty did! didn't mean anything at the end....there's plenty similar.
One final point, budgeting what you pay for a player is not a full assesment....its like making any investment, the alternatives and the affordability make it so i.e. whether we pay 500k or a Million depends on what choices do we have, spending 500k and leaving the rest in the bank and getting nothing in comparison. So getting the player you want has to be the objective....there are plenty we want but we cannot get them or even in some cases retain them.
Dyllan Brown subjectively would have stayed with Parra on say 950, he was paid 1.4m alternatively, do we have a replacement for him at 950? NO and I would not have paid a cent more than 950, I think he subjectively did not warrant higher but unless we can find a better cheaper alternative we are weaker than we were! Untill then we grab someone we think is ok at 1m and hope like shit he justifies the price.
Poppa I just don't think a forward is worth near halfback money, unless he is of Payne Haas's calabre.
With salary cap rising, the normal range is going to be around that for a rep quality forward. Only going to get worse
I think Jack Williams showed as last season that you don't have to be a 'Rep Quality' forward to match it with the best, he wasn't our only forward to do this...... so why are we expecting/wanting to pay forwards absurd money unless they are genuine match winners like Haas ?
JB, you chose wisely my friend (JW) and the proof will be in the pudding by end season. If JW wins the Thornett medal again (lets assume JW is on 500k and will go to 700k if he does). KK will be on 1m and lessor a player? hard to say, usually 9 forwards in every 17. The market will give you the answer, pricing may change as Eli points out and JW goes to 1.2m to be retained.....KK still on 1m?
The answer is to be invested or uninvested, your less costly stocks may seem to be the best, but somewhere in your portfolio you will have a CBA or a BHP that gives you a "spine". Remember we are talking subjectively and not judgementally.
Who's to say Kaeon doesn't get an injury that prevents him from performing at his $1million a season price tag and he ends up being a $500k player, it's happened plenty of times before ?
So in conclusion, you are happy to be buying stocks at their peak price hoping for improvement with the potential or likelihood of them actually declining ?
That's fine, thats why I said subjectively...... you identified 2 18-20 year olds again subjectively.....I think you miss my "investment decision" of alternatives as being the principle of my post.
I can maybe recommend a "stock" to you for $5 and you say I think "X" stock is better value at $2.50 and I can buy twice as much! MY subjective opinion is fine, I just don't see the same value at $2.50.
PS The market is telling you that via the actual prices of 5 and 2 1/2 respectively. The market invariably gets it wrong but in the end the market always wins.......just the investor that loses.
Our cost of funds are zero by the way, but it is the opportunity you are pricing!
I did understand what you meant mate, I started writing a response but thought it was taking too long.
I see value in 2 x 18-20yr old Potential Rep Forwards at $500k a season, you see better value in 1 x Rep Forward at $900k a season...... we all see or value risk in different ways, thats life.
I may have been a bit outrageous in saying $500k a season, it was just an example but I would rather spread my risk over a few baskets instead of just in one.
Imagine if we have to wait until 2027 to get our hands on this Rep forward who in 2026 could do his ACL or Rupture his Achilles, then we could have to wait until 2028 to see our $900k a season player...... This is the type of risk I'd like to avoid.
Fair enough, everything is subjective and I have enjoyed the discussion.
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