Here’s How Much Saracens Need To Shave Off Their Wage Budget To Comply With This Season’s Salary Cap

Budget cuts.

Returning Chief executive Edward Griffiths this week admitted Saracens must offload players or reduce salaries to be compliant this season and he faces a hell of a task to balance the Premiership champions’ books.

It’s being reported that Sarries are £600k over the cap at the moment and have until June to get their house in order. In order to do this, they will need to cut their current annual wage bill by approximately £1.44m – no easy task.

House of Rugby is back with a brand new URC show – hosted by RugbyLAD founder Jason Hennessy, Ireland international Megan Williams and Olympic sevens star, Greg O'Shea. Follow and subscribe to it HERE.

Wales international Liam Williams is yet to play for Saracens this season because of injury. He’s already agreed to head back to Scarlets at the end of the season and it’s believed he will be released early to free up funds with the fullback said to be on over £230,000-a-season.

Sportsmail meanwhile is reporting that back-row forwards Calum Clark and Michael Rhodes will also be let go, along with Argentinian prop Juan Figallo. If Clark, Figallo and Rhodes exit, it is estimated that Saracens could cut around £800,000 from their wage bill.

Brad Barrit and Richard Wigglesworth are also out of contract at the end of the season with the latter expected to retire. Wing Alex Lewington is another player rumoured to be leaving at the end of the season but whether or not they will be forced to release any of their top England internationals remains to be seen.

Either way, Saracens have a very few months ahead of them. If they don’t comply this season they could be in for another hefty fine and a further points deduction next season.