Quote: Mild mannered Janitor "I can see the opportunity for clubs to sign players on Three year deals when verbally it is agreed the player will play for just two and get the final year as a severance payment. It's too easy to avoid the cap with this an enables a club to "overpay" a player without falling foul of the cap rules.'"
As I mentioned earlier, Wigan tried a version of this scheme a few years ago and were nailed for it. Plus the severance payment has to be agreed by the cap regulator & RFL. They can keep part or all of it on the cap if they think there's monkey-business afoot.
It's not a perfect scheme - none such exist - but it's actually pretty much as good as it's going to get IMO. The latest tweaks have removed most of the loopholes and inconsistencies.