Eels hit with $525k fine for cap breaches

Parramatta are facing a fine of $525,000 for NRL salary cap breaches last year.

The NRL on Thursday issued a breach notice to the club which also imposes a penalty of four competition points next season if it fails to undertake an independent review of its governance and organisational capability and implement the changes recommended.

NRL CEO Dave Smith said the breaches were “significant” and were the product of inadequate oversight and governance at the club, largely by previous administrations.

He said that in 2014 the club overspent in each of the four salary cap categories.

The amount of each breach is:

NRL Top 25 – $101,718

NRL 2nd tier – $233,036

NYC Top 20- $60,915

NYC 2nd tier – $8277

In addition, benefits provided to Eels players by the Parramatta Leagues Club in 2013 were also identified and represent a breach of the salary cap.

MORE TO COME

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