Phoenix Players: Paid in $NZ or $Aus

Phoenix Players: Paid in $NZ or $Aus

Hi all,
Quick question I've been hanging to ask for ages, are the Phoenix players contracts written in $NZ or $Aus dollars? Haven't been sure of this since the A-League started.

An extension of this question is whether the A-League salary cap for Wellington is calculated in $NZ or $Aus.

Thanks.
diego's son2009-11-07 18:49:36

Presumably.

NZ Team
NZ Owned
NZ Dollars

I would think that the Australian players would be told how much it is in AUS Dollars though.Stefan2009-11-07 18:54:22

I wouldnt imagine australian dollars being much use for the players as they hit courtenay place.

Some players may keep money in an Australian Bank account, but still. Paid in NZ$

I know but I was thinking of the 'overall package'. (i.e. You tell a player, say Durante, "OK, we're offering you $120,000NZ per annum, which equates to about $130,000Aus per annum?").

The local Kiwi players wouldn't care about this, as long as the relative scale of pay was par with the other A-League teams.

That's the context I was asking this question.

You just want to know the exact wording on players contracts?

Basically all the people here couldn't tell you.


TONY P!!!Stefan2009-11-07 18:59:12

Key bit at end. The bank stuff wouldn't matter to your average fan on either side of the water. ANZ Westpac and Commonwealth Bank/ASB Bank are both countries from what I am aware of, so the bank where the account is held would be irrevalent I'm guessing.

Ha! I tried to ask Tony Ising from MVFC once about whether superannuation payments were included as part of the salary cap, that's as far as I went.

If Tony Pignata (that's who you're talking about) can speak here (which I think he does), the only question I have would be about the whether Superannuation is included in the Salary Cap.

it's actually a relevant question here, as Australia pays 9% compulsary Super to employees, so whether the Phoenix players are paid Superannuation under the NZ or Australian systems is actually an interesting point here.
diego's son2009-11-07 19:02:16

It is a bit. I was just thinking that..

I love backroom football talk.Stefan2009-11-07 19:04:53

good man, we'll get along just fine with that effort and approach.

Also the Super thing may affect the 'bottom line' of players wages, so it's good point worth highlighting here.

I've got to get ready for the Victory vs CCM game. Thanks for the chat all, be back soon.
diego's son2009-11-07 19:15:24

Interesting chatter fellas but don't forget these are individual blokes' employment deals we're talking about here.  Tony P isn't going to be able to tell you much so you'll just have to guess.

I can tell you that pretty much all HAL players are on a standard FFA-issued contract though.

Ballpark annual salary?

AU$2.2M divided by 23 = roughly $100K each?

lols...that's a tui billboard right there...

Tony can you tell us what the players earn?
Yeah right.

HAL salary range: 40k minimum to millions (marquee).

Minimum wage is 40K AUS  IIRC

Edit: Snap
2ndBest2009-11-07 20:16:56

I should have rephrased that. I meant $100k for the average player.

Obviously some (Mulligan) are on 40K and others (Fowler) are on more than a Mill.

I guess Tony P would have to match whatever else was being offered, otherwise he might find himself offside with the players. They might need to kick around some options and make sure there aren't too many penalty clauses.

You could check FM.

Some interesting general questions about the Salary Cap in here, I think in the AFL (Kiwi Pie correct me if I am wrong) the Swans get a bigger cap or at least the players all get an individual allowance because it is a given that Sydney is so much more expensive to live in. bopman2009-11-07 20:27:11

It's never failed us before :)

Lets keep away from salaries.
Most people don't like disclosing theirs.

Would be a bit interesting to know what is included in their contracts that isn't money though, and not just the Phoenix.
Smeltz got a nice river side mansion and a boat.

Allegedly.

Anything in their playing contract comes out of the salary cap.

Durante earns (apparently) 240k a year. (not sure if it's $NZ or $AUS) whooooooo2009-11-07 20:56:20

Sorry. Allegedly.

Fully respect their privacy Smithy, but stuff like 'general' Superannation matters could be disclosed (i.e. They could say "players are paid as per Aust or NZ Super Law X").

We don't what to know individual players terms, but stuff like the Superannuation matter is interesting, same as whether the Phoenix have to tie in the salary cap to the Aust dollar, or any other method.

That's the interesting stuff we want to hear, not Ifill's weekly wage!

Fixed, nice creativity though.

PS - Good forum you have here, been wanting to enter since 2007 but they couldn't get my log-in to work initially, let it go, then contacted admin, and....here I am.

Thanks for that - After the first two I decided to pass on the bold font.

They play in wellington, there contracted to wellington, there fore the Phoenix players are paid in NZ currency

Or pavlovas, jars of marmite, kiwifruit and buzzy bees.

you forgot the pineapple lumps lol

Unlike Australia's compulsory 9% super contributions, there is no equivalent in NZ - there is an option employer contribution of 1 or 2%, which to be tax effective needs to be matched by the employee (out of their post tax salary!!! - again unlike Oz where additional employee supercontributions are salary sacrificed out of the pre tax salary - then taxed at the super contribution rate of 15%)

In my experience of signing employement contracts in both Australia and New Zealand, I would hazard a guess that the australian based players employment contract will have the the super contrib included - so as an example

Oz Player A: Salary $90 K - Super $8.9K - Total Package AU$98.9K

then with an exchange rate of AU$1=NZ$1.25, for arguments sake a NZ player getting the exact same total package

NZ Player B: Salary NZ$123K

I've recently gone from being on Australian pay & conditions to NZ pay & conditions with my employer - so have had a wee bit of experience of the issues at hand!>
ginger_eejit2009-11-08 12:16:31

NZ-based, NZ paid, I would have thought.

No real point for the club to deal in AD because they follow the laws of the land. AD is worthless in NZ. However, the HAL contracts should following the Australian players football association agreement as the players are registered with the FFA. So the chances are that the contract are to HAL and PFA criteria expect that the currency would in NZD adapted to follow the base of operations of the club.

If anyone of us are employed at a US-owned company, we would have to follow NZ laws and be paid in NZD. The employment contract maybe initially similar to other US-based contracts but it would readapt to take advantage of the NZ system and remove any problems that the US system has.

I assume that the salary cap is made in australian dollars, so if we pay in New Zealand dollars does that change how much we can pay in NZD from season to season because of currency fluctuation?

The following is included in the Salary Cap:

 

�         Wages, Super

�         Bonus � ie: Goals, finals

�         Accommodation

�         Sign on Fee

�         Agents Fee

�         Flights

�         Motor Vehicle

�         Other income

 

We are given a Aud/NZD rate by the FFA which means that the salary cap in Aud determined by the FFA is then calculated into NZD. That is our cap. Our boys are paid in NZD into NZD Banks. Hope that explains it.

 

 

Tony P2009-11-08 22:08:30

Can you put some into my Bank Account? Christmas is coming.

Ah so you get a rate at the start of the season. Does this change from year to year? In a bad year for the NZD do we struggle that much slightly more?