Pretty sure Welnix will bank the transfer fee paid for Brockie, so there is that, plus given that we make the playoffs, i don't see why the club wouldnt turn over a profit this season? They didn't lose much last season, and we came dead last.
They said that costs have increased this year, the playing squad is more expensive and the weenix also cost.
The Weenix I grant you
They said a while back that the squad is more expensive. So either we were under the cap or (as has been rumoured) WeeMac is partially outside of the cap as a domestic marquee.
Ironically there is an article about it today in stuff:
http://www.stuff.co.nz/dominion-post/sport/phoenix...
If someone is outside the cap, its a first for the Phoenix and I wonder why the change of tune and also not mention it....

The article does mention we have a full squad, not sure when we released Caira but that was some time ago. We could still be under the cap, minimum amount of spend is 80% of cap. Will be down to 21 soon.