An extensive audit process has confirmed that all eight teams were under the Canadian Football League’s $4.3 million salary cap for 2011, the league announced today.
“The success of our Salary Management System underlines our teams’ commitment to putting a great product on the field and following sound business principles at the same time,” said Commissioner Mark Cohon.
“The work our Board of Governors and our football leaders have done on this issue is an important building block in our league’s strong foundation.”
While the level of compliance has been consistently high, this marks the first time all CFL clubs have been under the cap since it was introduced in 2007.
The system’s review process includes detailed field audits of all eight clubs twice per year, once during the CFL season and once following its completion. Teams are also required to provide regular updates on compensation levels at the 6-game, 12-game and 18-game point of the season.
The salary cap for the 2012 season is $4.35 million.
The first game and TO is already stinking out the joint!
ReplyDeleteYou can eat your words now!
ReplyDeleteAt least the Rider haters can be shut down.
ReplyDelete