Will TWP be subject to salary cap?

Almost doesn't matter with the 2 marquee player rules.
It will be interesting if there is any benefit in the exchange rate for them (as with Catalan).

The set the exchange rate against the Euro very favourably for Catalan, effectively giving them an additional 20% over the top of the cap.
I dont know if this has been reduced yet ??

It’s not set “very favourably” that’s misleading.

It’s set at the exchange rate however then events such as the quick and deep dip in the strength of the pound is taken into account. Because obviously Catalans like any club have players on contracts that were negotiated when the exchange rate was “better”.
For instance in 2015 a Euro was worth 70p in 2016 it was worth 90p.
You can’t expect Catalans to just drop a massive % of their salary cap because of UK issues. Not to mention the average wage in France is higher than in the UK.
There has to be graduated correction in the exchange rate used for Catalans salary cap.

Not even nibble, must try harder. Will give you a 6 for effort though.

Perhaps you could tell us when the exchange rate was agreed and how much "advantage" that actually gives them in cap spend.
From memory and please excuse me if I'm wrong, the rate was agreed at something like 1.45 euros to the £, giving them in todays money almost 30% spend advantage.
Of course it's not free money but, it gives them plenty of wiggle room.

I agree that it cant be changed too frequently as this would cause problems with contracts but, the point remains.

Maybe lessons will be learned for TWP and set the cap will be set in sterling ?