"End of an era" - Exeter Chiefs confirm a further 11 departures
Rugby NewsThursday, 09 June 2022 at 16:46
Exeter Chiefs have confirmed that 11 players have left the club ahead of the 2022/23 Gallagher Premiership season.
The wage cap was cut by £1.4m, to £5m ahead of the 2022/23 season.
"The majority of them still coming in are still salaries that you would expect to be paying if it was a £6.4m market," Baxter said.
"There doesn't really seem to be, at this stage, that kind of realisation that it's a big drop-off."
Under the rules clubs have a cap of £5m, plus £600,000-worth of academy credits, and two players whose salaries sit outside the cap.
From next season clubs will only be able to have one player whose wages do not count towards the cap, meaning extra costs they will have to account for.
"It's probably a bit more than a 25% drop off when you start talking about second marquee players disappearing next season if they're not under contract, it's markedly down more than a 25% reduction in the salary cap.
"At the moment that does make the Premiership way less competitive when it comes to southern hemisphere signings, as an example.
"Some of the base salary levels in New Zealand and Australia now are actually comparable to what we could probably offer, whereas before in the £6.4m cap you could be very competitive on base level contracts."
Exeter Chiefs' confirmed departing players are:
Don Armand - retiring
Don Armand of Exeter Chiefs on the break during the Gallagher Premiership match between Exeter Chiefs and Gloucester Rugby at Sandy Park on 12 February 2022. Photo: Phil Mingo/PPAUK
Sam Hidalgo Clyne - Benetton Rugby
Sam Hidalgo-Clyne of Exeter Chiefs during the Exeter Chiefs training session at Sandy Park ahead of the second leg of Heineken Champions Cup match between Munster Rugby and Exeter Chiefs - 13th April 2022. Photo: Phil Mingo/PPAUK
Jack Walsh - Ospreys
Jordon Poole - unknown
Alfie Petch - Northampton Saints
Sam Skinner - Edinburgh
Sam Skinner of Exeter Chiefs enjoying a Red Bull ahead of the Exeter Chiefs training session at Sandy Park ahead of the second leg of Heineken Champions Cup match between Munster Rugby and Exeter Chiefs - 13th April 2022. Photo: Phil Mingo/PPAUK
Jonny Hill - Sale Sharks
Exeter Chiefs player Jonny Hill goes over for a try to give them the lead during the Gallagher Premiership Match between Wasps and Exeter Chiefs at the Coventry Building Society Arena, Coventry on October 16th - PHOTO: Steve Bond/PPAUK
Tom O Flaherty - Sale Sharks
Tom O'Flaherty of Exeter Chiefs on the break during the Gallagher Premiership match between Exeter Chiefs and Bath Rugby at Sandy Park on 2nd April 2022. Photo: Phil Mingo/PPAUK
Aaron Hinkley - Northampton Saints
Sean Lonsdale - Dragons
Exeter Chiefs player Sean Lonsdale during the Gallagher Rugby Premiership game between Sale Sharks and Exeter Chiefs at JW Bell Stadium on October 3rd - PHOTO: Steve Bond/PPAUK
Sam Nixon - Grenoble
Debutant player Sam Nixon during the Gallagher Premiership rugby game between Leicester Tigers and Exeter Chiefs at Welford Road on Sept 18th - PHOTO: Steve Bond/PPAUK
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