Melbourne Storm Salary Cap Breaches
Melbourne Storm Salary Cap Breaches – Melbourne Storm have been stripped of two NRL premierships and fined a total of $1.6 million after being found guilty of long-term salary cap breaches.
NRL chief executive David Gallop announced they would also not be allowed to accrue any premiership points in the 2010 season.
Gallop said the Storm had been found to have rorted the salary cap by at least $1.7 million over five years.
“They had a long term system of effectively two sets of books and the elaborate lengths they have gone through to cover this up has been extraordinary,” said Gallop.
The Storm were also stripped of three minor premierships.
“The club has furthermore been fined $500,000 and will be forced to return $1.1 million in prizemoney with the prizemoney being distributed evenly among the other 15 clubs,” said Gallop.
Tags: 1 Million, 6 Million, Chief Executive, David Gallop, Melbourne Storm, Million Over Five Years, Nrl Premierships, Salary Cap Breaches
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