CFA plans 鈥榮alary cap鈥
Print Edition
THE Chinese Football Association said yesterday a series of new regulations, including a “salary cap,” will be implemented in the Chinese Super League and lower professional leagues next season.
Worried about prohibitively expensive transfer fees and an influx of well-paid foreign players, the CFA says that the plan includes a cap on a club’s total expenditure and a salary cap for individual players. The aim is to contain “irrational” investment and promote healthy and sustainable development of professional leagues.
The specific amount in the “salary cap” will refer to the average investment and players’ wages in the J-League and K-League, the CFA told Xinhua. In addition, the CFA will also launch rules to strength financial review and supervision, eradicating extra signing fees and duplicate contracts, as well as perfecting player labor contract systems.
Details of the new regulations will be published after the end of the 2018 season. The “100 percent transfer tax” policy was introduced at the beginning of the 2018 season. This policy states that clubs spending more than 45 million yuan (US$6.5 million) on foreign players must pay the same sum of money to a football development fund as tax for making the signing.
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