Below is directly from the NRL Web Site. To those still saying it is limited to $300,000 per club, read the bit in bold italic in the 2nd paragraph!!!!!!!!!!
THERE IS NO LIMIT ON THIRD PARTY AGREEMENTS IF YOU MEET THE RULES BELOW.
The $300,000 limit applies to club sponsors.
What about money paid from other people or companies?
The basic guide is that if a player is receiving money from any person as a way of inducing him to play for the club, then that money will be included in the Salary Cap..
Income that a player earns from parties not related to his club is generally not included in the Salary Cap, however, the details of the agreement must be advised to the club by the player. The club must then get approval for the agreement from the Salary Cap Auditor in order for the remuneration to be excluded.
In 2006, the NRL also introduced an allowance for players who enter into Third Party Agreements with club sponsors. In 2011, the top 25 players are allowed to earn up to a maximum $300,000 from sponsorship leveraging but the total payments under these sponsorship leveraging agreements must not exceed $300,000 per club.
Third Party Agreements
Third party agreements are payments made by companies directly to players. There is no restriction on the amount a player can earn through third party agreements where he is being paid for his own intellectual property, without the need to employ club logos or names and where the company involved is neither a club sponsor nor are they acting on behalf of a club to secure the player’s services. An example of this is a player promoting a brand or product, for example, Billy Slater and Australian Bananas.
Many players do have third party agreements that are outside the salary cap. Individual players have registered third party agreements totalling in excess of $7.5 million in 2011.
All third party agreements must be registered and approved beforehand. This is to ensure that they do not become a way for clubs or players to use sponsors or third parties to undermine the salary cap. There are provisions for club sponsors to enter into agreements with elite players and for details see the Marquee Player Allowance section.
THERE IS NO LIMIT ON THIRD PARTY AGREEMENTS IF YOU MEET THE RULES BELOW.
The $300,000 limit applies to club sponsors.
What about money paid from other people or companies?
The basic guide is that if a player is receiving money from any person as a way of inducing him to play for the club, then that money will be included in the Salary Cap..
Income that a player earns from parties not related to his club is generally not included in the Salary Cap, however, the details of the agreement must be advised to the club by the player. The club must then get approval for the agreement from the Salary Cap Auditor in order for the remuneration to be excluded.
In 2006, the NRL also introduced an allowance for players who enter into Third Party Agreements with club sponsors. In 2011, the top 25 players are allowed to earn up to a maximum $300,000 from sponsorship leveraging but the total payments under these sponsorship leveraging agreements must not exceed $300,000 per club.
Third Party Agreements
Third party agreements are payments made by companies directly to players. There is no restriction on the amount a player can earn through third party agreements where he is being paid for his own intellectual property, without the need to employ club logos or names and where the company involved is neither a club sponsor nor are they acting on behalf of a club to secure the player’s services. An example of this is a player promoting a brand or product, for example, Billy Slater and Australian Bananas.
Many players do have third party agreements that are outside the salary cap. Individual players have registered third party agreements totalling in excess of $7.5 million in 2011.
All third party agreements must be registered and approved beforehand. This is to ensure that they do not become a way for clubs or players to use sponsors or third parties to undermine the salary cap. There are provisions for club sponsors to enter into agreements with elite players and for details see the Marquee Player Allowance section.
