Quote: Thelonius "It should be based purely on income. If you're generating more money you should be able to spend more, if not then you can't.'"
There are far too many creative accounting methods to get around that. You would get Moran invoicing 'Moranovich Holdings PLC' for £5,000,000 a season for consultancy services, thus falsely inflating the club's profits.
Any reward for income, size, success or finance just makes the problem worse. If you let the strong spend more, the strong become stronger. If you limit the weak, they can't improve.
Given the financial performance of the clubs in Super League, there is a good arguement that cap is too high currently. When clubs like Wigan, Warrington and Saints can't make a profit, what chance do the likes of Salford, Wakefield and Cas have?