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SPORT
Thu, Feb 17, 2005
Cash lure aims to prevent switch to union
THE National Rugby League has taken a significant step towards keeping its players out of the clutches of rugby union by setting up a representative loyalty fund for the games elite.
NRL chief executive David Gallop yesterday confirmed the fund would come into operation this season and would be open to all players in the premiership, including Bulldogs and New Zealand star Sonny Bill Williams.
Under the concept, which has been ratified by the Rugby League Professionals Association, 50 per cent of all representative payments would be paid into a fund.
Players would then receive a lump sum payout based on their contribution on their retirement provided they remained in rugby league.
“Its a form of loyalty and I think a good thing for the game,” Gallop said.
“We have been conscious in the last few years that players earn a lot of money in a short time and we should be helping them manage that by funds that can accumulate more money but in a way that they have some sort of lump sum to look forward to at the end of their career.
“But the players have agreed they will forego that if they dont remain in rugby league.
“Thats something that the players themselves have been keen to push with us.”
State of Origin players are paid $6000 per match and receive a $2500 winning bonus.
Australian players receive $5000 per Test, although last years Tri Nations tourists were given $10,000 as well as a $10,000 bonus for winning the tournament.
That means the likes of Danny Buderus, Anthony Minichiello and Willlie Mason took home almost $50,000 last season from representative football.
If they replicated that figure this season, they would kick-off the first year of the fund with nearly $25,000 each.
“Thats a pretty good idea,” former Queensland skipper and current board member Gorden Tallis said.
Thu, Feb 17, 2005
Cash lure aims to prevent switch to union
THE National Rugby League has taken a significant step towards keeping its players out of the clutches of rugby union by setting up a representative loyalty fund for the games elite.
NRL chief executive David Gallop yesterday confirmed the fund would come into operation this season and would be open to all players in the premiership, including Bulldogs and New Zealand star Sonny Bill Williams.
Under the concept, which has been ratified by the Rugby League Professionals Association, 50 per cent of all representative payments would be paid into a fund.
Players would then receive a lump sum payout based on their contribution on their retirement provided they remained in rugby league.
“Its a form of loyalty and I think a good thing for the game,” Gallop said.
“We have been conscious in the last few years that players earn a lot of money in a short time and we should be helping them manage that by funds that can accumulate more money but in a way that they have some sort of lump sum to look forward to at the end of their career.
“But the players have agreed they will forego that if they dont remain in rugby league.
“Thats something that the players themselves have been keen to push with us.”
State of Origin players are paid $6000 per match and receive a $2500 winning bonus.
Australian players receive $5000 per Test, although last years Tri Nations tourists were given $10,000 as well as a $10,000 bonus for winning the tournament.
That means the likes of Danny Buderus, Anthony Minichiello and Willlie Mason took home almost $50,000 last season from representative football.
If they replicated that figure this season, they would kick-off the first year of the fund with nearly $25,000 each.
“Thats a pretty good idea,” former Queensland skipper and current board member Gorden Tallis said.