http://www.news.com.au/adelaidenow/story/0,22606,20930741-21543,00.html
South busts salary cap
December 15, 2006 12:15am
SOUTH ADELAIDE has again admitted busting the SANFL salary cap . . . but the breach is linked to the Panthers much-publicised player payment problems in 2005.
South blew the SANFL salary cap by an undisclosed sum in 2005 but because part of the payment was delivered to at least one player after the financial year cut-off on October 31 the amount had to be included in the
2006 figures, South general manager Ben Kavangh said.
The league is bound to fine South an amount equal to the over-payment under the new and stronger salary cap rules.
Kavanagh and SANFL chief executive Leigh Whicker would not release details of the fine yesterday or the amount of the breach which is believed to be about $13,000.
The Panthers were fined a record $50,000 in July for a deliberate breach in its 2005 player payments which lead to a complete overhaul of the SANFL salary cap provisions.
South then admitted it had hidden the true amount of payments given to at least one player, who has since left the club.
Yesterday Kavanagh strongly rejected rumours the latest breach had anything to do with offering Damien Cupido a reduced contract or in luring new recruits. Cupido is seeking a clearance.
"There's absolutely no relationship with Damien leaving the club. Absolutely none," Kavanagh said. "It's totally to do with the 2005 payments and he wasn't even here then."
Kavanagh said he contacted the league immediately after discovering the technical breach during the annual salary cap audit, something Whicker confirmed.
"It (breach) is not a major amount but it's an additional (to 2005) amount that has been discovered," he said. "There certainly was not an attempt to hide it. They quite openly put their hand up about it.
"We've confirmed that there was an additional amount of money discovered (by South) after it signed off (in 2005)."
The current South board, installed in December, inherited the breach. Kavanagh said the board has signalled that over-payments were a thing of the past.
"This happened between management changes," he said. "We've actually show a lot of strength in our actions to say it's not going to be tolerated and we're moving on with confidence."
South has declared a combined operating profit of $76,022 – down from $260,756 in 2005 – between the football club and its social arm.
He's still my hero even if he is a little bit crap.