Album: Penrith Cap Troubles

Penrith Panthers stars ordered to alter contract or find new club <br /> <br /> by: David Riccio From: The Sunday Telegraph November 18, 2012 12:00AM<br /> <br /> <br /> Source: The Daily Telegraph<br /> <br /> FOUR of the biggest names at the Penrith Panthers have been told they could be forced out of the club if they don&#039;t take a pay cut. <br /> The future of representative stars Michael Jennings, Tim Grant, Lachlan Coote and Sam McKendry is under fresh scrutiny after they were called to a meeting with Penrith&#039;s general manager Phil Gould on October 30 - just two days before the club&#039;s first day of pre-season training.<br /> <br /> All four players were asked via text message from Gould to attend the meeting.<br /> <br /> But instead of a pre-season pep-talk, The Sunday Telegraph has learned that Gould told the club&#039;s four biggest names that if they weren&#039;t prepared to remove a clause in their contract, which relates to each player earning a percentage of any increase in the NRL&#039;s $5 million salary cap, then one of the them may have to leave.<br /> <br /> <br /> More than two weeks after the meeting, all four players are refusing to have the clause removed from their contract and it threatens to spark a stand-off between the players and Gould.<br /> <br /> The bombshell was delivered to the players as a result of the huge pressure on Penrith&#039;s salary cap, which is underpinned by the size of the salaries and length of the deals they signed under the previous management.<br /> <br /> Michael Jennings - Panthers pre-season<br /> <br /> Source: The Daily Telegraph<br /> <br /> <br /> For example, Jennings, who is contracted until the end of 2015, is reportedly on more than $600,000 for the next three years.<br /> <br /> The increase that each player would receive under the new salary cap is yet to be determined as the ARL commission continue to dither over a set figure.<br /> <br /> But it&#039;s considered that the figure will be way above what Penrith can afford under the revised cap.<br /> <br /> Grant, Jennings, Coote and McKendry emerged from the meeting feeling stunned, confused and it dampened any excitement about a drama-free



Penrith Cap Troubles

Updated Nov 19, 2012
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Penrith Panthers stars ordered to alter contract or find new club

by: David Riccio From: The Sunday Telegraph November 18, 2012 12:00AM


Source: The Daily Telegraph

FOUR of the biggest names at the Penrith Panthers have been told they could be forced out of the club if they don't take a pay cut.
The future of representative stars Michael Jennings, Tim Grant, Lachlan Coote and Sam McKendry is under fresh scrutiny after they were called to a meeting with Penrith's general manager Phil Gould on October 30 - just two days before the club's first day of pre-season training.

All four players were asked via text message from Gould to attend the meeting.

But instead of a pre-season pep-talk, The Sunday Telegraph has learned that Gould told the club's four biggest names that if they weren't prepared to remove a clause in their contract, which relates to each player earning a percentage of any increase in the NRL's $5 million salary cap, then one of the them may have to leave.


More than two weeks after the meeting, all four players are refusing to have the clause removed from their contract and it threatens to spark a stand-off between the players and Gould.

The bombshell was delivered to the players as a result of the huge pressure on Penrith's salary cap, which is underpinned by the size of the salaries and length of the deals they signed under the previous management.

Michael Jennings - Panthers pre-season

Source: The Daily Telegraph


For example, Jennings, who is contracted until the end of 2015, is reportedly on more than $600,000 for the next three years.

The increase that each player would receive under the new salary cap is yet to be determined as the ARL commission continue to dither over a set figure.

But it's considered that the figure will be way above what Penrith can afford under the revised cap.

Grant, Jennings, Coote and McKendry emerged from the meeting feeling stunned, confused and it dampened any excitement about a drama-free

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