Menu
Leagues and Governing Bodies

National Rugby League To Provide Each Club With $410K In Compromise Deal

Clubs appear to have finally settled their differences with the National Rugby League "over funding for next year after the game's governing body agreed to provide each of them with an additional" A$450,000 ($410,000), according to Brent Read of THE AUSTRALIAN. There "is a caveat, however." While the clubs can apply for the additional funding for '14, the money "must be repaid on a monthly basis thereafter for the next three years." The clubs will also be required to pay a service fee of A$20,000 on the money, which the NRL "is describing as an advance but amounts to little more than an interest-free loan." Clubs had initially been offered A$7.1M by the NRL for next season but "held out for the additional amount to cover the total cost of the salary cap" (THE AUSTRALIAN, 8/20). In Sydney, Adrian Proszenko reported NRL COO Jim Doyle said that "transfer windows and fees will be considered for players seeking a compassionate release as part of a review of the salary-cap system." The issue "is a sensitive one for the clubs and individuals involved as, under the rules, the holding club is likely to be severely disadvantaged should they part with one of their most-prized assets." Doyle, who is heading a steering committee to review the salary cap along with Australian Rugby League Commission Head of Football Todd Greenberg, said that "the possibility of adversely affected clubs being paid compensation was being investigated" (SYDNEY MORNING HERALD, 8/20).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2013/08/20/Leagues-and-Governing-Bodies/NRL.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2013/08/20/Leagues-and-Governing-Bodies/NRL.aspx

CLOSE