- Moderator
- #1
Just putting this here for the benefit of opposition fans who are reading though this thread.
Please also take this as a warning to play nice or face some time out.
===================================================================
For opposition fans who can bother to read the Swans under the agreement with the AFL for the use of COLA agreed to contracts with their players under the normal 100% level of the club TPP and ASA. This is no different to ANY OTHER CLUB. When the Swans submit our contracts and salary cap forms each season for AFL review the AFL review each contact as they do with EACH CLUB and then the AFL provide the Swans with payments of 9.8% in the name of each player to be paid in the form of the players COLA payment. At NO STAGE do the Swans receive a lump sum from the AFL, nor do they receive an extra 9.8% in their TPP and ASA.
The simple fact is the Swans agree to a contract with a player, submit it to the AFL for review and the AFL then pay the Swans the COLA for the player rather than the Swans having to foot the bill. The idea the Swans can form a slush fund with it is funny considering its the AFL who is dealing out the money. So if we were creating a slush fund at any stage it was with our normal cap and thus above board.
Basically what seems to have been agreed yesterday is for the AFL to stop handing the Swans the money to give the players (so basically the AFL will pay the players now) and that rather than the COLA being set at a percentage value (9.8%) it will be set at a dollar value ($200,000 or lower).
So just quashing a few myths and outright lies.
Please also take this as a warning to play nice or face some time out.
===================================================================
For opposition fans who can bother to read the Swans under the agreement with the AFL for the use of COLA agreed to contracts with their players under the normal 100% level of the club TPP and ASA. This is no different to ANY OTHER CLUB. When the Swans submit our contracts and salary cap forms each season for AFL review the AFL review each contact as they do with EACH CLUB and then the AFL provide the Swans with payments of 9.8% in the name of each player to be paid in the form of the players COLA payment. At NO STAGE do the Swans receive a lump sum from the AFL, nor do they receive an extra 9.8% in their TPP and ASA.
The simple fact is the Swans agree to a contract with a player, submit it to the AFL for review and the AFL then pay the Swans the COLA for the player rather than the Swans having to foot the bill. The idea the Swans can form a slush fund with it is funny considering its the AFL who is dealing out the money. So if we were creating a slush fund at any stage it was with our normal cap and thus above board.
Basically what seems to have been agreed yesterday is for the AFL to stop handing the Swans the money to give the players (so basically the AFL will pay the players now) and that rather than the COLA being set at a percentage value (9.8%) it will be set at a dollar value ($200,000 or lower).
So just quashing a few myths and outright lies.