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No, it would be actual rorting if he was paid via sponsors instead of the club.  Those payments wouldn't come under the soft cap and hence why someone working for free or a pay cut while getting side deals should be looked at with a fine tooth comb.

Geelong have been doing it so successfully for so long I think they can't even be bothered trying to hide it anymore.  The AFL seem to be asleep at the wheel and no one gets busted for any breeches, at least publicly.  I did wonder if something happened at Carlton this year the way they public shed best 22 players early like a Collingwood fire sale.