The Gallagher Premiership clubs – plus Newcastle – have voted to lower the salary cap according to the latest reports in the Daily Mail.
£6m salary cap agreed
The current cap is £7m, plus injury depensation and two marquee players. It’s reported that in a video conference on Tuesday the club owners agreed that the basic salary cap figure would decrease to £6m.
The marquee players’ system, which has come under some scrutiny in recent weeks, is retained, as is the £400,000 in injury dispensation.
The move comes just days after the Gallagher Premiership clubs unanimously voted in favour of the 52 recommendations of the Myners Report, to change the salary cap system.
It is thought that this will be brought in over numerous stages within the next two years, considering clubs had already budgeted for 2020-21.
Bristol Bears owner Steve Lansdown had expressed his opposition to the move, but has lost out due to the majority ruling. He will however, be pleased to see marquee players remain.
An official announcement is expected on Tuesday.
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