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]
