Struggling Premiership clubs had wanted to reduce the cap to from £7.5m to around £5.5m for next season, but three clubs have vetoed the idea.
They claimed it would help ease the financial burden of the Premiership being suspended, which is likely to lead to a £45m loss across the league.
However, during a meeting of clubs last week a trio of west country clubs – Exeter, Bath and Bristol – all voted against the proposal, according to The Rugby paper.
The ideas has now been scrapped.
RANKED | The 5 fastest players in the Gallagher Premiership, including Jonny May
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5. GABRIEL IBITOYE – HARLEQUINS – 11.7 SECONDS (100M)
One of the most exciting young wingers in the country, the speedster has been with Harlequins since the age of 12. He was nominated for Player of the Tournament in the 2018 World Rugby U20 Championship.