I know what the basis of calculation is. The comments were about the whinging by Carter and equating the tax to the profit of Collingwood and Geelong which is exactly what was done and exactly what the comment you originally quoted related to so my facts are 100% correct. The whole point is that Carter has an issue with Collingwood's tax relative to Collingwoods profit in comparrison to Geelongs.It says: "Provides for AFL Clubs to retain all of their club generated revenue."
http://www.afl.com.au/news/2014-06-04/afl-statement-competitive-balance-policy
so you get your facts straight.
Specifically Cater equated Collingwood's $500k tax to it's $5.2m profit and comparred it to Geelongs $300k tax and it's $1.2m profit. They are the facts.