Premiership Rugby has today confirmed that the base level of its salary cap framework for both the 2018/19 and 2019/20 seasons will remain at £7m.
At its September 6th meeting, the board decided unanimously to retain this level following the increases announced in October last year to £6.5m for this season and £7m for 2017/18. All of the key features of the framework announced last year – notably the investment in home grown players and the recognition of players’ absence on international duty – will be retained.
“We have a very strong and highly competitive league which is set for another fascinating season. The salary cap framework is essential to maintaining its strength and protecting the competitive uncertainty which is its hallmark,” Premiership Rugby Chief Executive, Mark McCafferty explained.
“Setting the salary cap framework through to the next Rugby World Cup season allows the clubs to plan ahead with certainty as well as underpinning the continued delivery of financial viability and the clubs’ investment in all parts of the professional game. This investment will help ensure the English game thrives at club and country level and that we achieve domestic, European and international success.”
PREMIERSHIP RUGBY SALRAY CAP FRAMEWORK EXPLAINED
• The base level of the salary cap will be £7million, which shall include £600,000 of home grown player credits;
• Two excluded players, whose salaries shall sit outside of the cap, enabling clubs to recruit and retain world class talent from the worldwide market
• Unlimited education (academic and vocational) fund to the players
• £400,000 continues to be available to replace long term injured players
• England Senior EPS and international player credits of up to £80,00 per player will continue to cover for player absences during international periods;
• Overrun tax on the total salary cap spend by a club of up to 5% of the base level (5% being £350,000 in 2017/18 to 2019/20)