Each player at the Saints has taken a 3.5 per cent pay cut to ensure the club does not exceed the $13.17 million salary cap.
St Kilda co-captain Jarryn Geary told The Herald Sun’s Jay Clark that the playing group decided to take the pay cut as a collective to prevent some players from accepting a pay reduction of as much as nine per cent.
“We didn’t think as a playing group it was fair that some players were going to take a 9 per cent pay cut when others were going to take a 3.5 per cent pay cut,” Geary told The Herald Sun.
“We felt it was right to bring it in line so everyone took the same whack, which is 7 per cent, and it probably puts us in a better position going forward.”
Clubs will need to carefully monitor their salary caps as there has been a nine per cent reduction to the cap in 2021.