Save now, Spend later

[Capper]

http://www.afl.com.au/news/2014-06-04/save-now-spend-later

CLUBS will be encouraged to spend extra dollars on players under a radical new player payments scheme that allows clubs to pay over 100 per cent of the salary cap if they underspend the previous year.

Under the new 'banking' system clubs will be allowed, for instance, to exceed the competition's total player payments (TPP) and additional service agreements (ASA) limit by a maximum five per cent in 2016 if they spend under 100 per cent of the salary cap in 2015 under a new measure introduced as part of the AFL's new competitive balance policy.

The permitted amount clubs will be allowed to spend on its players will need to be commensurate with the amount clubs spend under 100 per cent of the TPP and ASA in the preceding period.

It means if a club is $400,000 below the maximum player spend in 2015, it would be able to spend up to $400,000 over the limit in 2016.

[Capper]

not sure if a thread has already been created but it is worth a read.

Will definitely be interesting to see how clubs go about this

AFL full statement
http://www.afl.com.au/news/2014-06-04/afl-statement-competitive-balance-policy

[RaisyDaisy]

Read about that earlier on afl.com.au. Seems quite logical to me. Don't have an issue with that :)

[Capper]

- the veterans allowance will be retained at $118,000 per eligible player in 2015 and 2016 before being removed from 2017

[Capper]

The new policy:
Replaces the current cost of living allowance with an accommodation subsidy for players on below average payment contracts with the Greater Western Sydney Giants and Sydney Swans, that will be paid directly by the AFL