Page 1 of 2 1 2 LastLast
Results 1 to 15 of 19

Thread: Queensland Reds pay $600k for Karmichael Hunt to switch

  1. #1
    Immortal Contributor The InnFORCEr's Avatar
    Join Date
    Feb 2006
    Location
    West Leederville
    Posts
    16,871
    vCash
    3102000

    Queensland Reds pay $600k for Karmichael Hunt to switch

    Bret Harris |
    The Australian |
    July 24, 2014 12:00AM


    THE Queensland Reds have forked out between $600,000 and $700,000 from their own Super Rugby salary cap to sign code-hopper Karmichael Hunt after the ARU declined to provide him with a top-up.

    While there has been no official announcement that the Reds have signed Hunt, it is an open secret that it’s a done deal.

    http://www.theaustralian.com.au/spor...930034b0bcd69#


    I was talking to mate visiting from Queensland last night and he is mates with a very high up QRU official and there is no doubt that JOC and Hunt will be at the Reds in 2015 without financial support of ARU.......for a change

    1 Not allowed! Not allowed!
    80 Minutes, 15 Positions, No Protection, Wanna Ruck?

    Ruck Me, Maul Me, Make Me Scrum!

    Education is Important, but Rugby is Importanter!

  2. #2
    Champion Contributor sandgroperrugby's Avatar
    Join Date
    Jan 2009
    Location
    Wattle Grove
    Posts
    2,083
    vCash
    5308000
    In completely unrelated news quad cooper and will genia's salaries will now be paid for by the ARU.

    1 Not allowed! Not allowed!
    Generally speaking you aren’t learning much if your lips are moving!!!

  3. #3
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    7,308
    vCash
    5000000
    They'd have to be paying JOC similar. How much is the (official) salary cap?

    0 Not allowed! Not allowed!

  4. #4
    Immortal Contributor The InnFORCEr's Avatar
    Join Date
    Feb 2006
    Location
    West Leederville
    Posts
    16,871
    vCash
    3102000
    Around $4 million seems to ring a bell??

    2 Not allowed! Not allowed!
    80 Minutes, 15 Positions, No Protection, Wanna Ruck?

    Ruck Me, Maul Me, Make Me Scrum!

    Education is Important, but Rugby is Importanter!

  5. #5
    Veteran Sheikh's Avatar
    Join Date
    Feb 2009
    Location
    Perth
    Posts
    4,894
    vCash
    28858136
    [cynic]Will the QRU get ~$1.2 million more in ARU support this year?[\cynic]

    1 Not allowed! Not allowed!
    Don't tell me the sky's the limit when there are footprints on the moon

  6. #6
    Legend Contributor Alison's Avatar
    Join Date
    Aug 2006
    Location
    Perth
    Posts
    7,308
    vCash
    5000000
    I simply cannot believe they are buying JOC and KH, and keeping Cooper, Genia, Horwill, AND funding the salaries of the remaining 25 squad members all for the bargain price of $4million without some creative accounting going on somewhere between Brisbane and Sydney.

    4 Not allowed! Not allowed!

  7. #7
    Veteran valzc's Avatar
    Join Date
    Mar 2012
    Location
    Denmark WA
    Posts
    2,841
    vCash
    5066000
    Also how do just 2 players replace ALL of the ones that have bailed? Some more financial shenanigans are going on I believe. How do they twist this one in the next annual report?

    0 Not allowed! Not allowed!

  8. #8
    Immortal jargan83's Avatar
    Join Date
    Jan 2007
    Location
    Earth Capital
    Posts
    21,468
    vCash
    460000
    Not everyone in the squad will be on top dollar there will probably be a few only playing for whatever the minimum allowable payment per year is but while ARU top ups remain in place the system will never be transparent.

    0 Not allowed! Not allowed!

  9. #9
    Veteran Sheikh's Avatar
    Join Date
    Feb 2009
    Location
    Perth
    Posts
    4,894
    vCash
    28858136
    Playing for the pride of being able to sing the team song?

    0 Not allowed! Not allowed!
    Don't tell me the sky's the limit when there are footprints on the moon

  10. #10
    Player Kept One's Avatar
    Join Date
    Mar 2014
    Location
    Canning Vale
    Posts
    263
    vCash
    5000000
    We learnt that you couldn't by a team, players have to believe and want to play for their club. The Queensland Reds weren't a committed team and have a suspect coach. Buying 2 high profile players, one with dodgy team commitment issues, won't make them any better next year.

    0 Not allowed! Not allowed!

  11. #11
    Immortal Contributor jono's Avatar
    Join Date
    Sep 2007
    Location
    Brisbane
    Posts
    10,554
    vCash
    5000000
    Quote Originally Posted by Alison View Post
    I simply cannot believe they are buying JOC and KH, and keeping Cooper, Genia, Horwill, AND funding the salaries of the remaining 25 squad members all for the bargain price of $4million without some creative accounting going on somewhere between Brisbane and Sydney.
    4mil over 30 is 133k. Not even half the squad would be on that much cash per year from the QRU, Don't have to get creative for the books to find cash to pay one or two players that much.

    3.4mil over 29 is 117k. It's not that hard to do because some
    Players are on 50-60 or so.
    I'd be happy with 117k a year I'll tell you that much

    0 Not allowed! Not allowed!
    Last edited by jono; 25-07-14 at 16:37.

  12. #12
    Legend Contributor
    Join Date
    Jul 2006
    Location
    Perth
    Posts
    5,259
    vCash
    5100000
    Not that easy. If you say that Genia, Horwill, O'Connor, Cooper and Hunt average $500k between them, that leaves $2M for 25 players. That means an average of $80k, when the ARU/RUPA mandated minimum is $65k. Then look at the rest of their squad at players like Daley, Gill, Hanson, Holmes, Robinson, Schatz, Simmons, Slipper, Tapuai and Turner, most of which have played Test and all of which are senior/leadership players. No way they are playing for less than six figures, so the math just doesn't work even if every other player on their list is a rookie.

    0 Not allowed! Not allowed!

  13. #13
    Immortal Contributor shasta's Avatar
    Join Date
    Feb 2006
    Location
    Mandurah
    Posts
    15,726
    vCash
    5470000
    Quote Originally Posted by jono View Post
    3.4mil over 29 is 117k. It's not that hard to do because some
    Players are on 50-60 or so.
    QUEENSLANNER!

    0 Not allowed! Not allowed!
    "The main difference between playing League and Union is that now I get my hangovers on Monday instead of Sunday - Tom David


  14. #14
    Immortal jargan83's Avatar
    Join Date
    Jan 2007
    Location
    Earth Capital
    Posts
    21,468
    vCash
    460000
    There is no way that Queensland are paying the full amount for Genia, Cooper and Horwill out of their salary cap.

    The ARU top up is helping pay the wages of these blokes. How many times do we hear "I'm waiting for the ARU to negotiate their part of the deal".

    Get rid of the Wallaby top ups and give the cash to the states, keep match payments for Wallabies Tests if need be.

    1 Not allowed! Not allowed!
    Last edited by jargan83; 25-07-14 at 20:50.

  15. #15
    Legend Contributor
    Join Date
    Jul 2006
    Location
    Perth
    Posts
    5,259
    vCash
    5100000
    Having a look, the numbers reported for Genia and Cooper at their last contracts were $400k and $800k respectively (note no ARU top-up for Cooper). With Hunt that makes them $1.8M for just those three...

    1 Not allowed! Not allowed!

Page 1 of 2 1 2 LastLast

Similar Threads

  1. Karmichael Hunt to Queensland
    By jargan83 in forum Queensland Reds
    Replies: 10
    Last Post: 19-07-14, 17:20
  2. Karmichael Hunt
    By TOCC in forum Rugby
    Replies: 92
    Last Post: 04-05-10, 13:01
  3. Reds in the hunt for Karmichael to beef up back line
    By jargan83 in forum Queensland Reds
    Replies: 15
    Last Post: 28-07-08, 16:03
  4. Reds in hunt for Walker
    By Burgs in forum Queensland Reds
    Replies: 3
    Last Post: 21-11-06, 19:35
  5. Schifcofske tempted by Queensland switch
    By NewsBot in forum News Feeds
    Replies: 0
    Last Post: 09-07-06, 13:05

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •