Malibu#27
Premium Platinum
Kane Cornes not convinced we could fit him in the cap.
Kane Cornes doesn't do our contracts.
Kane Cornes probably reads that we are paying over 100% and figures this means we have no cap room, but probably forgets the rules about why we get to pay over the cap this year, and what would happen to that extra money if we didn't use it this year.
http://www.afl.com.au/news/2014-06-04/equalisation-changes-explained
A NEW TPP BANKING MECHANISM
Was: Clubs had to pay between 95 and 100 per cent of salary cap each season. Clubs often prepaid players, which sometimes created problems down the track if predicted success did not happen, removing flexibility.
Will be: The introduction of a new TPP banking mechanism that allows clubs to spend over 100 per cent of the TPP and ASA limits (combined limit), if in any of the preceding two years the club spent below 100 per cent of the combined limit.
The permitted amount of overspend is commensurate with the level of underspend in the relevant preceding period.
For instance, if a club was $500k below the combined limit in 2015, it can spend up to $500k over the combined limits across 2016 and 2017
The overspend amount in any given year permits a club to spend up to a maximum of 105 per cent of the combined limit in that year.
This mechanism is effective from season 2015 (as such any underspends in 2013 and/or 2014 can be recovered in 2015)
So because we paid under over the past couple years we had extra money we could spend this year. If the club was smart they used it to frontload contract. Ie - lets hope Robbie is getting a shit load in 2015 and it drops off a little in 2016 onwards.
I keep saying it, but us being over the cap this year doesn't mean we are screwed with the cap, it just means we spent under in past years.