The AFL's players have reportedly signed off on a $1.84 billion, six-year pay deal.
Players' union chief executive Paul Marsh put pen to paper on the agreement for the next six years on Tuesday afternoon according to the Herald Sun, after players from all 18 clubs voted in favour of the agreement.
The new deal will see the average player wage in the league climb up to $371,000 from $309,000, with the salary cap to jump to $12.45 million in 2017, compared to $10.37 in 2016.
The payrise is effective immediately, which means players earning around the $850,000 mark will now be earning over $1 million a season.
AFLPA board members Patrick Dangerfield, Rory Sloane, Scott Pendlebury, Leigh Montagna and Easton Wood led the negotiations, with players receiving 11.2% of all unbudgeted club revenues, as well as 28% of unbudgeted AFL money.
The six-year deal sees a booming wage increase this year of 20%, with a 1.2% increase in 2018, followed by increases of 1.3% in 2019, and 2% in 2020, 2021 and 2022.
Total Player Payments will reach $12.45 million in 2017, and will increase by another $1 million before 2022, and will reach $13.54 million in the final year of the deal. An average wage in 2022 will be $403,000.
An official announcement will be made at 5pm AEST by both the AFLPA and the AFL in a joint press conference.
