Former Magpies star Dayne Beams has suggested his early contract settlement was outside the club's salary cap.
It was believed Beams' premature retirement and subsequent payout added to the Magpies' financial problem.
Talking on SEN’s Dwayne’s World, Beams suggested that his deal fell outside the salary cap.
"From a personal point of view, my situation was, I guess, caught up in that and there was a lot of noise around that," Beams said.
"There were, obviously, people hearing what they were hearing and there were a few wires crossed.
“Anything that was negotiated with me and my contract was outside the cap, so I actually had nothing to do with anything that went on there.
“The only thing they probably lost with my scenario was a couple of early draft picks, which was unfortunate … the club got itself in the position they were in and a few people had to fall out.”
The Magpies and Beams settled a medical payout late last year before announcing his offical departure from the club in November.
Beams played for Collingwood from 2009-2014, where he helped the club win a flag in 2010.
He then spent four seasons at Brisbane, before being traded back to the Pies, for two first-round draft picks, following the 2018 season.
The 31-year-old was limited to just nine games in his first season back at the Holden Centre and did not feature for the Magpies in 2020.