1 Jul 2010

All Blacks to get $100 thousand bonus if they win the world cup

3:34 pm on 1 July 2010

The All Blacks will receive a $100 thousand bonus each if they win next year's world cup.

They'll receive $35 thousand dollars each if they finish runners-up.

The bonuses were announced as part of the new professional players agreement, between the New Zealand Rugby Union and the players association.

The three year employment contract also allows Super rugby franchises to hire two overseas based players.

Previously franchises were only able to contract players eligible to play for the All Blacks.

The contracts for top players, mostly All Blacks, will be made up of a Super rugby retainer and a New Zealand rugby union component, with Super rugby franchises able to pay a player a maximum of $180 thousand.

The minimum payment for a Super rugby player, will rise from $65,000 to $70,000.

Payments for players involved in the national provincial competition will range from $15, thousand to a maximum of $60 thousand, although a province will be able to pay two veteran players $90 thousand each, if they've played eight or more seasons for the province.

Provincial unions will have a salary cap of $1.35 million or just over a third of the union's commercial revenue, which ever is less.