39 hours ago
Due to salary cap restrictions Melbourne Storm has today announce it will not be able to hold on to hooker Richard Swain for the 2003 season.
Storm CEO Chris Johns said the decision to release Swain was based on restrictions in the salary cap and says the money Swain can earn in England is simply out of the club's budget.
“Richard has epitomised the character, spirit and strengths that this club has tried to engender and for an organisation that is short on history and tradition Richard has been pivotal in creating the fabric of this club,” Johns said.
“This is the toughest decision the club has had to make, Richard has been a great player and role model for the club.
“We have been in breach of the salary cap for the last two years trying to hold on to the talent fostered here in Melbourne, we are determined not to be fined again and as such have had to make some tough decisions.
“We think it's fantastic that he is able to go on and further his career in a market that can reward him for his efforts. Unfortunately because of the salary cap we are not in a position to do this and for that we feel most disappointed.
“The decision to sign some of the most talented young players in the league coupled with the salary cap restrictions, has forced us to make the best long term decision for this club.”
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