This isnt correct at all. for every year the salary cap rises then so does the grant from the nrl to every club. its not like the nrl are saying hey were gonna increase the salary cap and u have to find the rest of the money to remain competitive. The nrl grant exceeds the salary cap so that each club has more than a fair start on breaking even, given that the clubs pay coaches and 2nd and third tier leagues as well, so to say that we are spending only 4.5 million of our cap is ridiculous, especially given how sound our sponsorship became under dave perry. we were never chasing sponsors or going without like the titans and sharks are at the moment.
Also the whole point is that third party contracts are exactly that there third party agreements between the player and a person or company that isnt a sponsor or owner of the club. therefore the notion that quantum as an owner guaranteed the half of dces salary under the new offer is also rediculous, this is exactly what the broncos were investigated for last year, and it was only a loophole that allowed them to survive, as the very strong mail going around was they were guilty as sin.
joe kelly was brought in as a top end ceo to help restrucuture the club and its finances and sponsorship, given time i have the utmost faith that we will continue to gro our club, especially with the increased chances of the new ground developement, and the chance at increased corporate sponsorship. One more point to think about, when was the last time manly was mentioned in the paper as having to go to the nrl to get our grant early? its been 4 or 5 years since that point because of our current financial position. its not all doom and gloom, but we are certainly up there in regards to spending the full amount of our salary cap