Bombers only CFL club to exceed salary cap
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 06/04/2010 (5665 days ago), so information in it may no longer be current.
WINNIPEG — The disaster that was the 2009 Winnipeg Blue Bombers season is coming back to bite them on the rear again.
The Canadian Football League announced today the Bombers were the only team to exceed the $4.2 million salary cap last year — by $44,687 — and have been fined the same amount for their transgressions under terms of the salary management system.
Teams are fined one dollar for every dollar they exceed the cap up to $100,000 and two dollars for every dollar they exceed the cap between 100,000 and 300,000 dollars and suffer the loss of the team’s first round draft pick. Teams are fined three dollars for every dollar they exceed the cap beyond $300,000 and they lose their first two draft selections.
The Bombers, as a result, will not lose any draft picks and select seventh in the first round.
"The final results of a comprehensive audit and review process show a high level of compliance with the Salary Management System (SMS)," said Commissioner Mark Cohon. "All of us in the Canadian Football League are confident about the future, but we recognize that we need to be prudent if we are to overcome the challenges, and seize the opportunities, before us.
"With seven of eight teams under the 2009 cap, and the Bombers working diligently over the course of last season to reduce their potential overrun, it’s clear our teams recognize this need."
A CFL source said the Bomber numbers are a tad misleading, given where the club was at this stage last year in terms of the cap.
Last spring the Bombers were $450,000 over the cap and were looking at a 2009 salary structure that saw $1.7 million in guaranteed money and $2.5 million in base salaries. But the trades of Kevin Glenn and Dan Goodspeed, among others, helped the club slice their potential cap hit down to the $44,787.
The CFL also announced the salary cap for the upcoming 2010 season remains at $4.2 million per team.