Who is going to "work out the true value"? The NRL, would you really trust them?
Regardless or who does it it would be rather complicated. For a start some players are "worth" more to one club than they are to another club. The position a player plays in also is a factor in what they are "worth". A simple example, a quality winger would be "worth" more to a club that has 2 third rate wingers, than the same player would be "worth" to a club that already has 1 quality winger and a decent other winger. Ditto for a club that has 2 left wingers a right winger would be worth more to them than to a club that already has 2 right wingers.
There is only one true valuation of what a player is "worth" and that is how much a club will pay them, any club.
Always a Bulldog
That is exactly true. The value of a player to one club will be different to another club. This is where a more genuine spread of talent will be forced.
Without the need to penalise players whatever they can earn. It will be up to the clubs to manage their rosters with a transparent operation.
Brown paper bags which is still the biggest blight on the game. Will be gone. If clubs cannot fit certain players into their allotments they cannot sign those players. It will be open and transparent to all.
I don’t know who you put in control of how the value is determined. However there are very smart people out there that can put in 10, 20, 30 categories and create an algorithm that would give a value.
This would also maintain a salary cap that is generated organically by supply and demand. They won’t allow a draft so this will do the same thing.