Quote *1865*="*1865*"That can't be true, surely?'"
Sounds crazy doesn't it, but here are the pertinent extracts from the salary cap regs below. A loan is treated in the same way as a permanent transfer, according to A5. I've also highlighted the bit that states who pays the player's salary has no relevance
A5 Signing of a New Player on Loan during the Salary Cap Year
Prior RSCM approval pursuant to Clause 6 shall be required where one Club proposes to temporarily transfer the playing registration of a Player to another Club. For purposes of determining whether or not approval should be granted, the temporary transfer will be treated as a permanent transfer, ie as if the Player has departed from the first Club (see Clause A4) and signed permanently for the second Club (see Clause A3).
Comment to Clause A5:
Any agreement reached between the Clubs as to who pays the Player’s salary (or any part thereof) has no relevance to the treatment of the Player in accordance with Clause A5, above.
A3 Signing of a New Player during the Salary Cap Year
Prior RSCM approval pursuant to Clause 6 is required where a Club proposes to enter into a Playing Contract with a new Player after the commencement of the Salary Cap Year. The RSCM will calculate the Salary Cap Value for that Player in accordance with Clause 4.
Comment to A3: For example, where a Player enters into a Playing Contract with a Club commencing on 1 June 2009 (i.e. 6 months into the 2009 Salary Cap Year) which provides that he will: (i) be paid a Gross guaranteed salary of £5,000 per month; (ii) receive benefits to the Gross value of £1,000 per month; and (iii) be paid £250 per appearance, for the purposes of these Regulations, the Salary Cap Value for that Player will be £76,500, calculated as follows:
(i) £60,000 (ie £5,000 salary per month x 12 months);
(ii) £12,000 (ie £1,000 benefits per month x 12 months); and
(iii) £4,500 (ie £250 per appearance x 18 assumed appearances: see Clause 4.5.3(a)).
A4 Termination of a Playing Contract during the Salary Cap Year
Prior RSCM approval pursuant to Clause 6 shall be required where a Club proposes to terminate the Playing Contract of a Player, whether pursuant to a transfer of that Player’s registration or otherwise. The RSCM shall formally approve such termination for purposes of Clause 6 and shall recalculate the Club’s Aggregate First Tier Liability and/or Aggregate Second Tier Liability in accordance with Clause 6.
Comment to Clause A4: If the departing Player was a First Tier Player, then the Player with the next highest Salary Cap Value outside of the Club’s First Tier Players will automatically become a First Tier Player for the purposes of the Regulations.
