NRL’s $40m survival package revealed
The NRL has agreed to hand out $40 million in emergency funding to its 16 clubs to survive the coronavirus crisis.
In a phone hook-up among chief executives and club chairs, ARL Commission boss Peter V'landys announced each club would receive a payment of $2.5 million.
This funding is separate to player payments and will help most clubs survive until the resumption of the competition.
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Players will be paid separately 50 per cent of the contracted wage over the next seven months until October.
The one-off $2.5 million payment replaces the monthly $1.1 million grant to the clubs.
"It was as good an outcome as we could have hoped for," said one chief executive.
"It's going to be extremely tight until we get a resumption in play, but the clubs were happy with the deal."
V'landys told the clubs the current cost structure in the NRL was unsustainable and pointed to significant cost-cutting, starting at the NRL.
The $2.5 million grants will be increased later in the year if the television networks - Fox Sports and Channel 9 - resume their payment schedules.
V'landys remains hopeful of a July 1 resumption, even if it means airlifting every footballer to Gladstone to play out the season.
Originally published as NRL's $40m survival package revealed