Each team has a salarybudget of just $3.5m to cover a squad of 28 players.
Times, Sunday Times
Previously, the only restrictions on team salaries were that wage bills were limited to 50% of turnover and that 10% of the salarybudget had to be held in reserve.
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Only 12 per cent of the employers plan to cut salary budgets next year, down from 45 per cent last year.