Richest AFL clubs agree to drastic actionTom Browne and Glenn Valencich
7News
24 April 2020 7NEWS.com.au can reveal the 18 AFL clubs are aligned on the cost savings.
There has been industry speculation that big clubs like West Coast, Hawthorn, Richmond or Collingwood could take advantage of the drastic situation, by spending over and above the AFL’s proposed soft cap.
That won’t happen, with all clubs agreeing to abide by the reductions - though clubs are still waiting on firm figures.
7NEWS.com.au understands this year’s cap will be trimmed by $1.5m to $1.7m, with the clubs expected to be told the final number as part of an upcoming announcement on the season’s restart dates.
A reduction of $3.7m has been mooted for next year, which would leave the soft cap at $6m. A prominent source says a further $1m could be removed, leaving the cap at $5m for 2021 - meaning clubs’ football department spend will be reduced by almost 50 per cent. It could save the entire competition up to $85 million.
In a further development, the 2020 VFL season is unlikely to go ahead - a cancellation that will help clubs find a proportion of this year’s forced savings. VFL sides rely largely on gate receipts to pay players, and spectators will not be allowed to attend games this year. But it means job cuts and uncertainty for up to 60 development coaches.
https://7news.com.au/sport/afl/vfl-season-cancelled-as-richest-afl-clubs-agree-to-drastic-action-c-995752