Official Gus on Twitter

TwinTurbo

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He shouldn't say that because it is illegal under the cap. The Raiders attempted to do this to retain a player several years ago & were told it was illegal.
It depends on how it’s structured, for example 1000 people buy 1 share each @ $1k each in a shelf company that then has a TPA with the player. I have done exactly this with another sport, obviously lower $’s involved (20 @ $5k each).

Of course the club would have have also have to have a contract that complies for the Cap. Say $500k on the Cap and $500k TPA.

Always a Bulldog
 

berries1935

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Great news he is staying! Hopefully had a great run...... surely a new coach had input in that though ????
 

Gene Krupa

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It depends on how it’s structured, for example 1000 people buy 1 share each @ $1k each in a shelf company that then has a TPA with the player. I have done exactly this with another sport, obviously lower $’s involved (20 @ $5k each).

Of course the club would have have also have to have a contract that complies for the Cap. Say $500k on the Cap and $500k TPA.

Always a Bulldog
And it depends on if he is released early.
 

Bulldog1966

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Hopefully Gus didn't do his rce on Gorgeous Gus who ran only 4th today as favourite..

Only 1 piece of news I see elsewhere...
 

chisdog

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It depends on how it’s structured, for example 1000 people buy 1 share each @ $1k each in a shelf company that then has a TPA with the player. I have done exactly this with another sport, obviously lower $’s involved (20 @ $5k each).

Of course the club would have have also have to have a contract that complies for the Cap. Say $500k on the Cap and $500k TPA.

Always a Bulldog
I guarantee you that if a club did that in the NRL, it would be knocked back. They apparently check the companies out to a small degree to ensure they meet NRL standards.
 
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