Greg Inglis is reportedly facing a loss of up to $600,000 after announcing his bombshell move to Super League club Warrington on Tuesday night.
The 33-year-old, who retired in April, 2019, after declaring he wasn’t playing up to his usual lofty standards, was announced as one of Warrington’s biggest ever signings.
He revealed on Tuesday that he has agreed a one-year deal to play for Warrington in 2021 and will join the club in December.
The deal will reportedly see Inglis’ pathways manager role with South Sydney terminated — a rich deal reported to be worth $300,000-per year as part of the retirement bargain struck between the player and club last year.
After reportedly being knocked back by the NRL as the club tried to have Inglis medically retired last year, reports claimed the star and the club had agreed to allow the premiership winning fullback to receive the remaining $1.5 million on his South Sydney playing contract — which was only due to expire at the end of the 2020 season — through his new role in the club’s development department.
However, the cushy $300k-per-season deal is now expected to be terminated after less than two years, leaving Inglis out of pocket by around $900k-$1.2m.
It shows Inglis’ hunger for returning to football is true with early speculation he will earn around $600k-700k after signing a non-marquee deal to link up with the Wolves.
It leaves Inglis out of pocket by up to $600k if he is unable to win a contract extension with the Wolves for beyond 2021.
The Daily Telegraph’s Dean Ritchie said South Sydney and Inglis will mutually agree to terminate their current deal.
South Sydney NRL player Greg Inglis announces his retirement.Source:News Corp Australia
“Souths have said that his employment contract can be terminated straight away, basically null and void. They won’t pay any further money,” Ritchie told Sky Sports Radio on Wednesday.
“I don’t think it is going to work as far as I know. It’s a complex issue but I don’t think Souths will now pay any further money to GI.”
The issue was further clouded by the NRL’s ruling last year that a significant part of Inglis’ rich playing contract could be removed from the club’s salary cap books in 2019 and 2020 — granting the club the salary cap space needed to sign former Roosters star Latrell Mitchell.
“The NRL determined that $900,000 of his $2 million contract would be included in the Rabbitohs’ cap,” Ritchie said.
“South’s were basically granted $1 million in salary cap relief,” he said.
“Under that deal with the NRL, it was understood that Inglis would work as a pathways manager to secure the money he lost.
“So it was deemed that he could earn that $1.5 million he lost through his new role at $300,000 a year.
“Given he wasn’t paid out as such, the NRL allowed Souths to take that Inglis money off their books.
The veteran reporter estimates Inglis’ deal with Warrington to be worth around $600k-$700k.
South Sydney on Wednesday welcomed Inglis’ shock announcement.
Rabbitohs CEO Blake Solly says the club are fully behind Inglis’ decision.
Inglis will finish his coaching commitments with the Rabbitohs this season and Solly said he has full confidence his decision is the right one.
The master and the apprentice.Source:News Corp Australia
“Greg has made a wonderful contribution to this club, both on and off the field, and following our discussions with him, we believe it is in his best interests for him to resume his playing career with Warrington next year,” said Solly.
“We have a wonderful relationship with Warrington so we know he is heading to a strong and well-run organisation under the guidance of co-owner Simon Moran, CEO Karl Fitzpatrick and head coach Steve Price.
“We wish Greg the best of luck for 2021 in England and we look forward to seeing Greg around Redfern Oval this year before finishing his current tenure with the Rabbitohs at the end of this season.”
Widely regarded as one of the best players of the last two decades, Inglis played 263 NRL games, made 32 State of Origin appearances for Queensland and logged 39 Tests for Australia.
The former Storm centre said simply he was happy to be back.
“I can’t wait to get over there and play for a club that has so much rich heritage,” Inglis said.
“I’ve played over in England many times in representative footy and love how passionate and vocal the supporters are.
“To get the opportunity to live in the UK, to play for such a powerhouse club that I believe is on the rise is something I’m looking forward to and hopefully I can add value to the team.”
— with AAP
Source: Read Full Article