Premiership clubs have voted to overhaul the salary cap in line with the changes that the Lord Myners report outlined.
Premiership clubs have unanimously supported the 52 recommendations from the report.
In a previous piece, David Challis analysed the report to see what these changes could mean for the salary cap. The report was commissioned by Premiership Rugby Chief Executive, Darren Childs. The aim of this was to strengthen the regulations to create a world-leading Salary Cap system.
Outline of the Changes
The changes to the salary cap are broadly based around four main categories with many individual recommendations within them. The first of these is to grant greater investigatory powers to the salary cap manager. Greater punishments would also be a part of these changes to act as more of a deterrent.
Additionally, the recommendations aim to simplify the salary cap. This would be making the definition of salary itself easier to understand. Next is the increase in transparency. The aim here is to make sure all investigations and decisions are more public than has been in the past.
Finally, these changes to the salary cap will put more onus on the players. This would make them more accountable thus giving investigators more options when conducting investigations.
What Happens Next
The changes to the salary cap are expected to come into force for the 2020/21 season. Darren Childs has pointed out that:
“The next stage is for us to consult with our clubs, RFU and RPA and to enshrine these new regulations for the start of the 2020-21 season,
Childs is very happy with the decision to implement these changes. He described the move as the “gold standard for delivering sporting integrity”. He also wanted the thank the clubs for acting “so quickly to support these recommendations and take the Premiership Rugby salary cap into a new era”.
This could be a watershed moment for the salary cap. These changes mark an overhaul into the way in which it will operate. One can only hope that this acts as an opportunity to draw a line under what has come before. As we go into a new era of sport it is good that the Premiership has begun to get its financial elements in order.
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