I can't paste a link at the moment but Chammas has written an article, with quote from Schuey as he left the NRL today saying that he is confident we'll be right for Friday.
Great news.
Views: 7
You need to be a member of 1Eyed Eel to add comments!
The Parramatta Eels remain confident of being able to compete for points by Friday after a two and a half hour meeting at the NRL on Monday.
Eels consultant Ian Schubert, the NRL's former salary cap auditor, left a meeting at League central on Monday saying "the club is confident it can get to where it needs to be by this weekend".
Hope to playing for points: Parramatta Eels players training on Sunday. Photo: Michele Mossop
The Eels won't be able to begin accruing points until they are salary cap compliant, with the NRL adding $700,000 worth of third party agreements from the past three seasons into their salary cap for this year, leaving the Eels with $570,000 to shave off in four days.
Advertisement
Schubert argued the legitimacy of some of the payments that were included in the salary cap when meeting with auditor Jamie L'Oste Brown on Monday, arguing the figure should be significantly less than the $570,000 the NRL initially asked to be culled.
Chairman Steve Sharp, deputy chairman Tom Issa and director Peter Serrao, as well as chief executive John Boulous and head of football Daniel Anderson returned to the Supreme Court on Monday morning as part of their legal battle against the NRL ahead of Friday's game against South Sydney at Pirtek Stadium.
My question would be is it legal to lump payments of past years into this year's cap? If so this has now set a precedent that should be applied to any future team's cap problems.
It would seem that Schubert is confident of 2 things:1 that the NRL miscounted and 2 that the watmough retirement will occur this week and will take care of the problem
provided the whole case against the eels doesn't turn out to be the figment of somebody's imagination, no we aren't going to get any points back. That's the last thing the NRL will want to do.
From memory the NRL said the total amount they were worried about was roughly $3 million over the past few years - that's what they said at the press conference. But someone should confirm that - I might be wrong.
Weekes said that the cash component was a small amount of that. They didn't mention a figure for the invoices but it was much larger than the cash. At least part of the cash/invoices was done in 2013 and 2014.
Not from the description in the article. A cap is a day to day thing, money in and money out. The NRL have put $700k additional on our cap because of TPAs, that just happened and it left us $570k over the cap.
Doing that sum that means prior to the NRL adding that amount to our cap we were $130k under the cap. The article says the $700k penalty was compounded from the past 3 seasons. So that reads as if, until the NRL decided to lump 700k in delayed penalties on our cap, we were $130k under the cap. Meaning all the games we played thus far this year our team on the park (including the injured Choc) were cap compliant.
"If you are going to do that better off just keeping him in Cup as a break glass option. Unless he is that much of a cancer and that negative to the squad that he needs to go."
Replies
The Parramatta Eels remain confident of being able to compete for points by Friday after a two and a half hour meeting at the NRL on Monday.
Eels consultant Ian Schubert, the NRL's former salary cap auditor, left a meeting at League central on Monday saying "the club is confident it can get to where it needs to be by this weekend".
Hope to playing for points: Parramatta Eels players training on Sunday. Photo: Michele Mossop
The Eels won't be able to begin accruing points until they are salary cap compliant, with the NRL adding $700,000 worth of third party agreements from the past three seasons into their salary cap for this year, leaving the Eels with $570,000 to shave off in four days.
Schubert argued the legitimacy of some of the payments that were included in the salary cap when meeting with auditor Jamie L'Oste Brown on Monday, arguing the figure should be significantly less than the $570,000 the NRL initially asked to be culled.
Chairman Steve Sharp, deputy chairman Tom Issa and director Peter Serrao, as well as chief executive John Boulous and head of football Daniel Anderson returned to the Supreme Court on Monday morning as part of their legal battle against the NRL ahead of Friday's game against South Sydney at Pirtek Stadium.
Read more: http://www.smh.com.au/rugby-league/league-news/parramatta-eels-conf...
Follow us: @smh on Twitter | sydneymorningherald on Facebook
Dropping $700k of previous TPAs onto this years Cap is a huge amount. Not too many Clubs would be able to handle that.
Are these TPAs that have been proven, assumed or previously dealt with?
My question would be is it legal to lump payments of past years into this year's cap? If so this has now set a precedent that should be applied to any future team's cap problems.
Not if we did cheated the cap like they claim we have. We have until early June to fight those claims.
From memory the NRL said the total amount they were worried about was roughly $3 million over the past few years - that's what they said at the press conference. But someone should confirm that - I might be wrong.
Weekes said that the cash component was a small amount of that. They didn't mention a figure for the invoices but it was much larger than the cash. At least part of the cash/invoices was done in 2013 and 2014.
Doing that sum that means prior to the NRL adding that amount to our cap we were $130k under the cap. The article says the $700k penalty was compounded from the past 3 seasons. So that reads as if, until the NRL decided to lump 700k in delayed penalties on our cap, we were $130k under the cap. Meaning all the games we played thus far this year our team on the park (including the injured Choc) were cap compliant.
-
1
-
2
-
3
-
4
-
5
of 7 Next