Hoops

The NBL and their salary cap

No 123abc you cant sign a player and guarentee you will release them after one year, as the NBL approves all signings they would simply see this as Team A paying Player X $600K for 1 year. or $200K for one year and $400K for 2 years but a guarnetee that he will be released after 1 year. Just dosnt work.

What club is going to sign someone to a multi year contract and still payout the full term even if the player leaves after a portion of that time due to the outclauses? The club is left out of pocket for so much money and no money left to replace the player that has left. Its absurd to think that clubs would hand out those sorts of contracts. As Isaac said, the NBL would see the contracts and therefore the clubs would not get away with anything that's not above board. As for checking player's tax returns, there are forms of payments that do not attract tax and therefore would not be shown on your tax returns. They are payments such as living away from home allowance (most players are not local to their teams). Not sure that these payments would be included in the salary cap but they can be as much as $250 per day (an additional $65K over the 8 months NBL season from commencement of training in the pre season).

Sorry there is no link that allows the public access to rules or rule updates that I know of. I dont understand why it isnt available -- perhaps it would keep us all up at night trying to figure which rules are enforced and why. You could try the NBL but dont hold your breath. My hard copy was a gift. In general all balloon payments are averaged which means a payout as part of an out clause could put you retrospectively over the cap for a number of seasons and incur huge fines. If only someone was watching. Not likely. So young yet so cynical.

Your really talking about a honest/gentlemans agreement.

Where Player X is officialy signed to play 1 season for $200K but after that one season the under the table deal of $600K is paid out.

The only way that would work is someone just lumping them $400K after the first season is done, but that kind of $$ would have to be declared somewhere. Plus if someone is leaving you and you've already got your 1 year $200K out of him how many clubs would still honour paying another $400K to see them off?

Issac,
It can not be done under the rules -- covered under 5.11(c) Long Term Contracts
5.11(d) Sign on payments, 5.11(e) End of Contract Fees. The rules are in place there is just no will to investigate and enforce.

Chas it is already,
Players contract 6.1(e). So is total disclosure of all outside contracts and agreements 6.5(e) and total disclosure of all tax records 6.6 (b).
Owners and management are unwilling to investigate and enforce--much too much embarasment.