Teams Cronulla Sharks 2020

[Capital Power]

Yeah, but perhaps he could have not done it 50 times, and possibly not too and from his work email account?

 

[raptalia]

Yeah, but perhaps he could have not done it 50 times, and possibly not too and from his work email account?

Yes, I have to admit that Shane wasn't overly smart about it.

 

[raptalia]

More Salary cap violations and we are facing another $500,000 on top of the $800,000 already handed down over the Shane Flanagan episode. I do not think the club has the money to meet that penalty. We could face salary cap restrictions for five years to pay these penalties. Maybe ScoMo can find some money in the pork barrel ?

 

[The Old Dark Navy's]

I'm very disappointed in the club for sabotaging themselves constantly. If they somehow decided to remove our premiership, I'd probably pack it in as far as NRL goes.

 

[raptalia]

I'm very disappointed in the club for sabotaging themselves constantly. If they somehow decided to remove our premiership, I'd probably pack it in as far as NRL goes.

That would probably be it for me as well.

 

[Callums_Guns]

Is there going to be a press conference regarding penalties etc today ?

 

[Aussie_boy]

I'm very disappointed in the club for sabotaging themselves constantly. If they somehow decided to remove our premiership, I'd probably pack it in as far as NRL goes.

Final straw for me too. This club sure provides some highs and lows... mainly lows.

 

[Capital Power]

Decision today. Rumour from the Sharks forum is that it'll be $600k cap penalty over two years, and no requirement to shed a player. I thought we were under cap by that much anyway this year.

 

[Aussie_boy]

Decision today. Rumour from the Sharks forum is that it'll be $600k cap penalty over two years, and no requirement to shed a player. I thought we were under cap by that much anyway this year.

I’d take that for sure.

 

[Callums_Guns]

https://www.foxsports.com.au/nrl/nr...r/news-story/46111455db9cfbf8894802ff31aa4a27

"Sharks hit by huge salary cap fine, forced to offload player"

 

[Capital Power]

Seemingly an allowance (in the form of reduced fine) for self-reporting. Can't be right, nothing ever goes our way (except for October 2 2016 )

 

[Callums_Guns]

I rate Segeyaro it will be a shame maybe parra pick him up

 

[Capital Power]

Does it say it has to be the last-signed player? Blimey the NRL is a mess at the moment. Almost makes the AFL look professionally run

 

[Capital Power]

So no threat to the Premiership? I think I can live with just about anything else. Would like to keep Seggy though.

 

[Aussie_boy]

So no threat to the Premiership? I think I can live with just about anything else. Would like to keep Seggy though.

I like him but I feel like we have enough cover at hooker, so all in all a pretty good result.

And yeah hands off the cup.

 

[Capital Power]

Club statement:

The Sharks accept the Integrity Unit findings as announced by the NRL today and are pleased that we now can move forward with the salary cap matters closed.

Sharks CEO Barry Russell in accepting the penalties, expressed his pride in the systems now in place and in the processes that led to us to self-reporting a potential breach of the NRL rules.

“We now have best governance practices, have learned some hard lessons during this process and I’m confident the systems we have in place will ensure this doesn’t happen again,” Russell said.

“By applying discounts to the fines imposed, a reduction of $300,000 on appeal to our original 2014 fine of $800,000 and $500,000 of the $750,000 suspended on the salary cap breach, we acknowledge the NRL for recognising our self-reporting and our continued cooperative approach with their subsequent investigations.

“We have no plans to appeal, will deal with the consequences of the fines and punishments and take the positive in that we can now move ahead into the new season and into the future with these matters behind us,” Russell added.

In relation to the 2019-2020 Salary Cap sanction, management and coaching staff, with guidance from our salary cap and recruitment managers, will come together to ensure we are fully compliant as stipulated by the NRL before our round one game on March 15.

https://www.sharks.com.au/news/2019/03/01/club-statement/

 

[raptalia]

I guess what is done is done but you would like to think we have learned something.

At least Barry Russell self reported, if that had not happened we would have been cactus.

So the question is which player will be moved on? We re signed Segeyaro this week so do we have a player out of contract and what if a player does not want to move? I am not sure how this works.

 

[The Old Dark Navy's]

I guess what is done is done but you would like to think we have learned something.

At least Barry Russell self reported, if that had not happened we would have been cactus.

So the question is which player will be moved on? We re signed Segeyaro this week so do we have a player out of contract and what if a player does not want to move? I am not sure how this works.

We have to release someone that another club wants I think. $300k per year we have to lose. Segeyaro is on a small contract so may not be enough. We also have to sign someone to replace any player we cut. Seeing mentions of Townsend was a concern.

As a Carlton and Cronulla fan, I'm sick of this s**t. Get a decent culture into the place FFS.

 

[Capital Power]

I think Russell said they will be sitting down this week to figure it out. Perhaps they didn't have a preconceived plan, but the last minute signing of Segeyaro suggested otherwise. If we are under the cap though, does that help, or do we have to actually reduce what we are spending by the penalty amount?

 

[Aussie_boy]

We have to release someone that another club wants I think. $300k per year we have to lose. Segeyaro is on a small contract so may not be enough. We also have to sign someone to replace any player we cut. Seeing mentions of Townsend was a concern.

As a Carlton and Cronulla fan, I'm sick of this s**t. Get a decent culture into the place FFS.

At least we have Shaun Johnson this year, losing Townsend last season would’ve been a disaster. Not sure who would have to step up if that happened, Flanagan maybe?

 

[The Old Dark Navy's]

I think Russell said they will be sitting down this week to figure it out. Perhaps they didn't have a preconceived plan, but the last minute signing of Segeyaro suggested otherwise. If we are under the cap though, does that help, or do we have to actually reduce what we are spending by the penalty amount?

We lose $600k from our cap over 2 years, so we start $300k behind the other teams each year.

 

[eddiesmith]

Or about 1.3 million behind Roosters, Storm, Broncos...

 

[raptalia]

The worst of it is, this mess is our own *in fault. Hopefully we have the right people running the club these days and this will not happen again.

I would not say we are behind all the rest because there are a couple of clubs that are still under investigation. Manly have had penalties applied to 2018/19 and I haven't heard what is happening with Parramatta. The Eels were, or still are, under investigation by the NRL for their second breach in two years.

The other consequence is that this penalty pretty well ensures that we will not be re signing Valentine Holmes if he returns from the US within two years. We will not have the money to afford him unless of course we decide to be 'creative' with the salary cap again.

 

[eddiesmith]

Holmes was never going to come back to Cronulla, he just wanted to get out of his last year then join the Cowboys next season

 

[raptalia]

Holmes was never going to come back to Cronulla, he just wanted to get out of his last year then join the Cowboys next season

Holmes still has a year on his contract. I am not sure how that works but a contract is a contract and I would imagine the Cowboys or whoever would have to buy the contract out. Then again the NRL is that piss weak they could allow anything to happen.