Pay cuts confirmed for SA rugby

first_imgPay cuts confirmed for SA rugby Springbok players in a huddle Shop Bras Online | Search AdsTake a Look at These Bra and Panty SetsShop Bras Online | Search Ads|SponsoredSponsoredUndo ‘ ‘ ‘ On 21 April, the SA rugby industry agreed in principle to a wide-ranging plan to cut between R700 million to R1 billion from its budget over the next eight months.READ: Pay cuts planned across the boardThe worst-case scenario is based around the possibility of no rugby being able to take place this year. Should South Africa return to play earlier, the pay cuts until 31 December could be revised.Rugby and Covid-19 timeline11 March: Covid-19 management committee meets for the first time12 March: Guinness PRO14 season is suspended indefinitely13 March: World Rugby cancels the women’s HSBC World Rugby Sevens Challenger Series tournament, due to be played in Stellenbosch on 28 and 29 March13 March: SA Rugby cancels Junior Springbok home and away internationals in April and May14 March: Sanzaar suspends Vodacom Super Rugby for the foreseeable future16 March: SA Rugby suspends all national team training camps and business travel and orders cost savings; postpones kick-off of SuperSport Rugby Challenge with a view to return to play on 25 April16 March: SA Rugby announces actions and issues guidelines on safe practices to all rugby bodies18 March: SA Rugby announces suspension of all rugby until the end of April and that discussions are under way to reschedule competitions to exclude international travel and be played behind closed doors20 March: World Rugby cancels the Junior World Championship scheduled for Italy in June23 March: President Cyril Ramaphosa announces nationwide lockdown to start from midnight on 26 March24 March: IOC postpones the 2020 Tokyo Olympic Games to 202127 March: SA Rugby, MyPlayers (players’ organisation), the South African Rugby Employers’ Organisation (SAREO) and Sports Employees Unite (SEU) confirm establishment of a joint working group to manage the response to the crisis3 April: The rugby industry announces progress on an Industry Mitigation Strategy (IMS) to safeguard the game’s future. Plan to go through approval processes.21 April: Industry Financial Impact Plan to make significant cuts in ‘global’ South African rugby budget confirmed.FULL STORY Post by SA Rugby magazine ‘ Published on April 26, 2020 World Cup-winning Bok quartet in Eddie Jones’ all-time XVMaverick coach Eddie Jones has named his Test dream team made up of players he has worked with throughout his illustrious career.SA Rugby MagUndoLoans | Search AdsLooking for loan in Hong Kong? Find options hereLoans | Search Ads|SponsoredSponsoredUndoCNAHow is life for Cambodian boy linguist after viral fame?CNA|SponsoredSponsoredUndoShop Bras Online | Search AdsBrilliant Bra and Panty Sets (take a look)Shop Bras Online | Search Ads|SponsoredSponsoredUndoGoGoPeak10 Most Beautiful Cities You Should Visit Once In Your LifetimeGoGoPeak|SponsoredSponsoredUndo熱門話題對肚腩脂肪感到後悔!試了在萬寧賣的這個後…熱門話題|SponsoredSponsoredUndo BuzzAura16 Cancer Causing Foods You Probably Eat Every DayBuzzAura|SponsoredSponsoredUndo AlphaCuteOprah’s New House Cost $90 Million, And This Is What It Looks LikeAlphaCute|SponsoredSponsoredUndo  826  62 ‘ 熱門話題不要被酵素騙了!在萬寧賣的「這個」直接針對脂肪…熱門話題|SponsoredSponsoredUndoAaron Smith names South African as greatest World Cup scrumhalfSA Rugby MagUndoJapan-based Kiwi player: I hope to never experience this againSA Rugby MagUndoLife Exact BrazilGrace Jones Is Now 72 Years Old, This Is Her NowLife Exact Brazil|SponsoredSponsoredUndo ‘ A finalised deal for the SA rugby industry is set to see players contributing 12.5% to a wide-ranging plan to cut up to R1 billion from its budget over the next eight months.According to the Daily Maverick, chief executive of MyPlayers Eugene Henning, will sign on behalf of the members this week after three weeks of discussions to reach consensus.The final version of the deal between South Africa’s 717 professional rugby players will most likely see pay cuts start at the end of May, with the varying adjustments set to impact the wealthiest players most severely on a salary-based sliding scale.The terms of the collective agreement were broken down into nine points:95% participation of membersSalary reductions in proportionally equal measuresSalary reductions until 31 December 2020A full pension fund holidayA full salary reduction, not a deferment21-day period to cancel contracts with immediate effectNo discretionary salary increases or bonuses in this periodNo contracting of new employeesIn case of liquidation, a full claim against original salaryAccording to the clause, 95% participation was agreed upon for the collective good, and a key factor of the agreement was reportedly for administrators to also take pay reductions, while players’ commission payments to agents would reduce in line with the agreed wage cut percentage.Further to the Daily Maverick report, its stated that players (and general employees) earning under R240,000 annually will not subject to any pay cuts, while players have also been offered pension relief. Watch: I wanted to rip Jean’s head off – Jaque FourieSA Rugby MagUndo Posted in News, Springboks, Teams, Test Rugby, Top headlines, Tournaments last_img read more