NZ top rugby players agree to have their income slashed

New Zealand's top rugby players have agreed to have their incomes slashed as NZ Rugby counters the financial issues created by the Covid-19 pandemic.

NZ Rugby and the New Zealand Rugby Players Association have agreed that professional players will have 50 percent of forecasted player payments frozen in response to Covid-19.

As a result, the parties have agreed to immediately freeze approximately $25 million, or 50 percent, of the remaining forecasted player spend in 2020.

The expenditure freeze covers the base salary of players, assembly payments and other financial benefits and incentives, as well as reductions in player-funded welfare and development activities.

NZ Rugby and the New Zealand Rugby Players' Association (NZRPA) have agreed to a range of payment changes that apply predominantly to players contracted at Super Rugby level (including All Blacks), in the national sevens programmes and Black Ferns.

[Source: Stuff.Co]