The salary cap regulations for the 2020/21 and 2021/22 seasons of the Premiership has been announced by Premiership Rugby on Friday.
According to the new regulation, the clubs will have a limit of 6.4 million pounds for the new season that will be reduced to 5 million pounds for the 2021/22 season.
Teams will be allowed to spend 600,000 pounds on home grown players that will not count towards the salary cap and 80,000 pounds on individual foreign players to cover for absences during international periods while a total of 400,000 pounds can be spent on replacement players to cover for long term injuries, while the salaries of two senior players will be excluded from the cap.
"The strong endorsement of the salary cap in November 2019... presented us with a perfect springboard to undertake an independently-led review into the cap in order to further strengthen the system," Premiership Rugby Chief Executive Darren Childs said in a statement here on Friday.
“This review included substantial public consultation, and game-wide interviews helping us to put in place the right set of powers, obligations and sanctions for the long-term benefit of the sport.”
A review of Salary Cap regulations were made in 2019 by Lord Dyson and his panel following the series of breaches made by Saracens that saw them fined £5.36m and also were handed an automatic relegation at the end of the 2019/20 season.
Premiership Rugby will also now have access to the texts, emails and bank statements of players and club officials to maintain transparency in the process.
Widely regarded as the most competitive rugby union league in the world...it can only be the Gallagher Premiership.
12 teams compete in the league over a season, playing every team both home and away, before four move into the playoffs and one is relegated.
The division is becoming more and more exciting as each year passes by so who will be lifting silverware at Twickenham in May?
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