New Zealand Rugby (NZR) is freezing $25 million, or 50 percent, of player payments for 2020.
NZR and the New Zealand Rugby Player’s Association (NZRPA) has agreed to change the payments of players that play at Super Rugby level, including All lacks, the national sevens programme and Black Ferns.
The freeze covers the base salary of players, assembly payments and other incentives, as well as reductions in player-funded welfare and development activities.
The maximum retainer for a top Super Rugby player is $195,000, the minimum is $75,000.
NZR Chief Executive Mark Robinson said looking after his staff remains his number one priority.
“We wanted to come up with solutions that worked for all our players and ensured that all sectors of our game were sharing in the financial pain we are currently enduring.”
NZRPA chief executive Rob Nichol said the players are committed to playing their part in ensuring the long-term future of the sport and to ensure the game best manages the financial implications of Covid-19.
“In contemplating a scenario based on no professional rugby in 2020, NZR and the NZRPA together recognised the need to act now to prepare the game and the players for this, even if there is every intention of doing all we can to avoid it.
“In the event that this financial scenario eventuates, the frozen payments and benefits would become waived permanently. Alternatively, if professional rugby can resume and the financial outlook improves, then some of the frozen payments and benefits could be reinstated,” Nichol said.
SOURCE – RADIO NEW ZEALAND