A six-year deal between the Welsh Rugby Union (WRU) and the nation's four professional teams has been signed today in an effort to 'provide financial predictability'. The Welsh rugby governing body has signed a 6-year deal with Cardiff, Dragons, Ospreys and Scarlets that will run until 2029. 'Fixed' and 'fixed and variable' salary cap deals will be available to players from the start of the 2023-24 season.
A statement reads:
"The new PRA provides a financial framework which is made up of new funding from the WRU and club shareholders to create a sustainable platform for progress.
"It provides financial predictability for the professional game in Wales and is welcomed by all PRB members.
"Homegrown player development will be a key objective for all parties as the new PRA is designed to promote success for both the professional club game and the Welsh international side."
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