Saracens have "unreservedly apologised for mistakes made in relation to the salary cap" which will see the rugby team relegated from the Premiership at the end of the season........
What is the salary cap?
Premiership Rugby introduced its salary cap in 1999 to ensure the financial viability of all clubs and the competition.
On their website, Premiership Rugby says the cap helps "to provide a level playing field for clubs".
The salary cap focuses on the combined salaries of each player at the club within the salary cap year - July 1 to June 30.
The current level of the Salary Cap is £7 million, plus two Excluded Players whose salaries sit outside the cap, enabling clubs to recruit and retain world class talent.
As a result there is no restriction to individual player's salary, but on the whole squad spend.Let's see, seven million divided by fifty two gives us £134,615.38 a week.
Torygraph
Callum Hudson-Odoi signs new five-year, £120,000-a-week contract with Chelsea.So Callum pretty much earns the Premiership Rugby total squad salary cap on his own.
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