NZ top rugby players agree to have their income slashed

NZ top rugby players agree to have their income slashed

By Naveel Krishant
16/04/2020
The expenditure freeze covers the base salary of players, assembly payments and other financial benefits and incentives, as well as reductions in player-funded welfare and development activities.[image: stuff.co]

New Zealand's top rugby players have agreed to have their incomes slashed as NZ Rugby counters the financial issues created by the Covid-19 pandemic.

NZ Rugby and the New Zealand Rugby Players Association have agreed that professional players will have 50 percent of forecasted player payments frozen in response to Covid-19.

As a result, the parties have agreed to immediately freeze approximately $25 million, or 50 percent, of the remaining forecasted player spend in 2020.

The expenditure freeze covers the base salary of players, assembly payments and other financial benefits and incentives, as well as reductions in player-funded welfare and development activities.

NZ Rugby and the New Zealand Rugby Players' Association (NZRPA) have agreed to a range of payment changes that apply predominantly to players contracted at Super Rugby level (including All Blacks), in the national sevens programmes and Black Ferns.

[Source: Stuff.Co]

FNRL
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