Premiership Rugby has today published its Salary Cap review, the Myners Review.

THREAD 1/10

Recommendations:
-Flexibility for disciplinary panel to give suitable punishment
-Greater transparency
-Accountability for boards, players, and agents
-Increased reporting obligations
-Stronger investigatory power
-Regulations which are easier to understand

2/10

Aggregate income of Premiership clubs has significantly risen

3/10

Costs
-In '17/18, aggregate salaries accounted for 50%+ of total Premiership operating costs
-In '18/19, nine of the 12 were within 4% of the cap ceiling
-the average headroom was £111,000
On average, clubs in the '18/19 season spent 98% of the permitted total salary cost

4/10

Profit
-Nearly all clubs are loss-making

5/10

Other recommendations
-Breaches and sanctions to be included in a report, and made public
-Make cap guidance publicly available
-All payments to players are included in the cap, with a few exceptions
-All exceptions must be pre-approved

6/10

Recommendations continued
-Subjective payments to be prohibited
-Sponsorship deals must be approved
-Tighten player loan provisions
-Review provisions for marquee players
-Tie players into regulations

7/10

Current sanctions

8/10

Proposed sanctions

9/10

Recommended financial sanctions for players

END