Parramatta is set to appeal part of the punishment handed down by the NRL for their salary cap saga.

The Parramatta board on Friday afternoon voted to appeal the $1 million fine and the deduction of 12 competition points, according to Fairfax Media.

The board had until 5pm Friday to lodge an appeal with former high court judge Ian Callinan to decide if there is enough evidence to warrant an appeals hearing.

The club is not contesting the deregistration of the so-called “Gang of Five” – chairman Steve Sharp, deputy chairman Tom Issa, board member Peter Serrao, chief executive John Boulous and football manager Daniel Anderson.

The Eels were punished for systemic salary cap breaches totalling $3 million since 2013 including through dodgy third party deals and inflated invoices to club suppliers.

The NSW police have established a taskforce to investigate under-the-table payments to players and will forensically pour over a cache of old financial documents.