Wasps boss voices concerns over lowering salary cap

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  • Lee Blackett
    The Chosen One

Ahead of their home clash with Leicester, Wasps head coach Lee Blackett voiced his concerns for the Premiership over the lowering salary cap.

Wasps have reportedly had to let Vaea Fifita leave for Scarlets, just one season into his three-year deal as a result of the reductions coming into place.

To worsen the loss even further, second-row Fifita may not be the only Coventry-based All Black on the move with centre Malakai Fekitoa’s future in the midlands up in the air amid speculation a Munster move may be close.

Very tough

Blackett told BT Sport: “It’s very tough at the moment.

“We’re in negotiations and where before Premiership clubs were strong and could outbid these teams we feel at this moment in time we potentially may lose players.”

Blackett’s financial woes come as a result of the 25% reduction in the Premiership salary cap to support those clubs who struggled to make ends meet last season as a result of the Covid-19 pandemic.

With just £5 million to spend on contracts, English rugby may lose more and more players to the United Rugby Championship, like Fifita and Taulupe Faletau, due to there being no salary cap in the league.

The Premiership salary cap level hasn’t been this low since the 2014/15 campaign when it was the same figure.

Struggles will only increase for English sides as the two marquee player rule, which allows two players to have contracts that don’t count towards the salary cap, will drop to one for the 2022/23 season – unless the club already has the two marquee player contracts in place.

The salary cap will return to a minimum of £6.4 million ahead of the 2024/25 season at the latest.

The next few years could get increasingly tricky for Premiership salary cap managers.

The article Wasps boss voices concerns over lowering salary cap appeared first on Planetrugby.com.

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