New Zealand Rugby has recently confirmed that approximately NZ$25 million, or 50% of what is left of the forecasted Player Spend for the Association, will be frozen. This is in the wake of the novel coronavirus COVID-19 outbreak that has seen the sports sector brought to a screeching halt the world over.
These pay cuts will apply, for the most part, only to players contracted at the Super Rugby level, like the All Blacks, in the National Sevens programmes, and the Black Ferns. NZR is doing its best to protect players who are on retainers of less than NZ$50 000.
This freeze on spending covers players’ base salaries, assembly payments, and other financial incentives and benefits, along with cutbacks in development activities and player-funded welfare.
Some of the main changes include:
- Putting a hold on Team Assembly and Tournament fees for all New Zealand’s teams except the Black Ferns
- Freezing promotional payments and most player performance incentives
- Suspending 15% of players’ base retainers for this year as of May 1 for players who earn more than NZ$50 000 per annum. This amount will rise to 30% on September 1.
Chief Executive Officer of NZR, Mark Robinson, explained that the goal was to come up with solutions that would work for all their players and ensure that all sectors took an equal hit financially. Rugby Players Association Chief Executive said that when they decided on these cuts they did so with the worst-case-scenario in mind.
| # | Site | Bonus | Bet | |||
|---|---|---|---|---|---|---|
| 1 |  | Ladbrokes |  | 5/5 | 100% Match up to $250 NZD | Bet now Review |
| 2 |  | Palmerbet | | 4.9/5 | 100% Match | Bet now |
More About Trent Wilson
Trent Wilson is OnlineBetting.nz’s resident sports news expert. He draws on his extensive sporting knowledge, his qualification in sports management and his passion for betting to provide the latest, most up to date information on sporting events in New Zealand and across the globe. Trent is a veritable treasure trove of sports information and has been betting online for several years. He prides himself in keeping his readers informed, and in always offering an unbiased standpoint that reflects exactly what’s going on in the sports world.
View Posts - Visit WebsiteYou May Also Like:
“No Regrets” Says Foster After Sydney Loss
All Blacks coach Ian Foster’s position on his side’s 24-22 loss in the second Test of the 2020 Tri Nations is one of “no regrets”. Foster made several significant changes to the All Blacks squad following their landslide 43-5 win in Sydney last weekend – trying out new combinations ranging ….
France To Win RWC 2023 Says Ex-England Coach
Former England national side coach Sir Clive Woodward says he’s money is on France winning the next Rugby World Cup – the fact that the country as been awarded the 2023 hosting rights to the global event notwithstanding. Woodward, who coached England to their only Rugby World Cup title ever ….
Farr-Jones Warns Team Over Taking The Knee
The Wallabies taking the knee in support of the global Black Lives Matter movement is a gesture team captain Nick Farr-Jones says would probably cause Australian viewers to “tune out and switch off” because of not wanting to see politics in sport. Bending the knee in support of the initiative, ….
NZ Rugby Legend & Advocate Eddie Tonks Dies
Ex-New Zealand Rugby chairman and all-round rugby legend and advocate for the sport Eddie Tonks has died. Tonks was 85. A man who will forever be remembered as one of the staunchest fighters and advocates for the sport in its amateur era, Tonks was chairman of New Zealand Rugby between ….
Injured George Bridge Opens Gap For Clarke
Star All Blacks winger George Bridge’s recent chest injury sustained during a training session has him staring down a 6 months-long rugby holiday barrel. This also means he won’t be joining the rest of his team for the second Bledisloe Cup test against Australia. Information tweeted on Thursday by the ….