A $20m Salary Cap?! Gus Called Harry Grant A Cheat & Record TV Rights | Triple M NRL Daily

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What is the main topic discussed in this episode?

Brent Read 0:00
Triple A and footy lives on, listener. Thanks to McDonald's and Ream Hot Water. When the footy's on and you can't miss a moment, get Maccas delivered for a 99-cent delivery fee only on the MyMaccas app.
Here we go!
Brent Read 0:16
The NRL is on Triple M. And we've got all the goss. Behind the scenes news on and off the field. From press conferences to inside the locker rooms. On Triple M, this is NRL Daily.
Charlie White 0:37
Welcome to the Triple M NRL Daily Show. It's Tuesday, which means the journos are in. We're sorry, we are a bit late if you listen to this. We apologise at the time of releasing, but it's because you two have been on duty. Dave Riccio and Brent Reid. What's been happening in the world of rugby league?
David Riccio 0:51
Monumental day, Charlie. Monumental day for rugby league today because the broadcast deal, we've been talking about it for a while now, finally got confirmed. Monstrous deal. Seven-year deal, $5.3 billion. Big bucks, baby. It's the biggest broadcast deal in Australian sport history. Yeah.
Charlie White 1:06
Am I right? And Rugby League has got it, baby. Am I right that Brent Reid gets 1% of the deal?
David Riccio 1:12
The journos don't even like she won't get rich out of this deal. Players will get rich. Clubs will get rich. Agents will get rich. Journos will just. Well, that's the thing. That's the thing. As a byproduct of the increased broadcast deal will come an increased salary cap. It's currently at about $12.3 million of a cap. And Peter Valente is confirming he wants to get it up to $20 million.
Charlie White 1:33
Wow, $20 million. So why would the game want to do that? Why would they want to get to $20 million?
David Riccio 1:39
Peter Valente says, well, I want to reward the players. They're the entertainment. Wow. That's fair enough.
Charlie White 1:44
Clint Newton's going to be licking his lips. Sounds like he's going to win the CBA battle.
David Riccio 1:48
Nathan Cleary's going to be licking his lips. I mean, he comes off contract in 2028. That's the first year of the new salary cap. What about Tommy Dearden? He's 12%. Yeah. Can you explain that one for the listeners, Rudy? So his deal, he's on 12% of the salary cap.

What does the new $5.3 billion broadcast deal mean for NRL?

David Riccio 2:00
It's a fixed amount.
Charlie White 2:01
I'm just going to get my calculator out and we'll do some quick maths there.
David Riccio 2:03
Tommy, if it goes to 20 million, Tommy's on 2.4. 2.4 million for Tom Dearden. Yeah. Extraordinary. And great work by his agent to put ratchet clauses. If it goes to 20 million, yeah. Wow. I think that's based on the, I think that figures out in the base cap. So the base cap now is 11.9, then you throw in the added things, right? So that would be, the percentage would be on the base cap. So the base cap's 20 million.
Charlie White 2:28
Yeah.
David Riccio 2:28
Tommy's on about 2.4 apparently.
Charlie White 2:31
Wow. The players must be over the moon. What about the PNG boys?
David Riccio 2:35
They're not going to be on $2 million of PNG boys. They're going to pay no tax.
Charlie White 2:41
Wow.
David Riccio 2:42
Mate, it's unbelievable. Do you think it could actually be disadvantageous? I think it will to PNG. For the Chiefs. If it goes to $20 million, yeah. Because when you are earning, bear with me, when Tom Dearden is earning 2.34 here- How much more money does Tom Dearden need? Exactly.

How will the salary cap increase impact player contracts?

Charlie White 3:00
But my question would be when he looks at his pay slip at the end of the year and goes to the tax man and goes, I paid $1.1 million in tax.
What's doing? It's true. How'd you pay that much in tax? It's a fair point.
Charlie White 3:10
Oh, my God. Like that's – it almost – I reckon if anything, it helps P&G more. Yeah. Because they can go and get – Yeah, it's a fair point. They can go and spend more money. Like it's just – yeah, I don't –
David Riccio 3:21
It was a half an hour press conference held up at NRL headquarters this afternoon with all the head honchos, both from Channel 9 and Foxtel slash DAZN, Andrew Abdo and Peter Volandes. Now, there were a couple of key takeaways that fans desperately just want to know. Ultimately, they've been hearing about this broadcast deal forever. But there's some key takeaways and I'll say a couple.

What are the implications of a potential $20 million salary cap?

David Riccio 3:46
Sunday grand finals. This is your baby, Dave. Will no longer be... ever be in the daytime in this current deal. At least for seven years. Ooh. At least for seven years. Oh, that's a shame. Dave's been on that campaign trail for a long time.

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