Quote wiggywigwig="wiggywigwig"Who cares ? Who really cares now he's gone who really cares if any money passed between him and the club he is now off the wage bill and free's up squad place and cash for Mr Hocks return. '"
Any money paid to Gleeson remains on the wage bill that is why it matters. It would free up a squad place but compensation counts on the salary cap.
Here is the bit from the RFL's rules:
[iWhere the proposed transaction is the termination of a Playing Contract with
one of the Club’s existing Players, as part of which the Club proposes to
make a new payment (in a lump sum or in instalments) to the Player that was
not provided for in his Playing Contract or other arrangements (and therefore
was not previously included in the calculation of his Salary Cap Value) (the
“Termination Payment”), then the information provided to the RSCM must
include a proposed compromise agreement between the Player and the Club
(in the form of the RFL’s standard compromise agreement as drafted from
time to time) setting out full details of the agreement reached, including full
details of the Termination Payment. If termination in such circumstances is
approved by the RSCM, the Player’s original Salary Cap Value shall
thereafter be disregarded for purposes of calculating the Club’s Aggregate
First Tier Liability and/or Aggregate Second Tier Liability. However, save
where Clauses 6.1.3 or 6.1.4 applies, the Club shall retain a Salary Cap
Value for that Player for the remainder of the term of his old Playing Contract,
being the Gross value of the Termination Payment, spread on a pro rata
basis over the remaining term of the Playing Contract, notwithstanding that
the Player may no longer be registered to play with the Club.
Comment to Clause 6.1.2: For example, if a Player leaves after 6 months of a 1-year
Playing Contract and accepts a Termination Payment with a Gross value of £10,000,
then the Salary Cap Value for that Player for the remainder of the Salary Cap Year
will be £10,000.
Alternatively, where a Player leaves after 6 months of a 2-year Playing Contract and
accepts a Termination Payment with a Gross value of £15,000, then the Salary Cap
Value for that Player for the remainder of the Salary Cap Year will be £5,000 and the
Salary Cap Value for that Player for the following Salary Cap Year will be £10,000.
[/i
So if the club paid him say an £80K termination payment and given he has two years to go on his contract he would count against our cap for two seasons @ £40K per season (or some ratio like £20K this season and £60K next given we are part way through the season).
