- Cap brought down for 2021-22 season
- Move given unanimous backing amid pandemic
Premiership clubs unanimously agreed to reduce the salary cap to £5m for the 2021-22 season at a board meeting on Monday. All 13 clubs have agreed the move but with a view to returning the cap to its current level should revenues increase to appropriate levels in future seasons.
At present the cap is £7m which includes add-on credits of around £600,000. It will be reduced to £5m plus additional credits in a move that will spark fears a number of high-profile players – including England stars – will seek to follow George Kruis in securing lucrative deals abroad, which would rule them out of international contention.
Written by Gerard Meagher
This news first appeared on https://www.theguardian.com/sport/2020/jun/08/premiership-clubs-agree-to-reduce-salary-cap-from-2021 under the title “Premiership clubs agree to cut salary cap to £5m from 2021”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
