I also think that there needs to be a change to the EPS rebates and Academy credits to provide a greater ceiling for players nurtured by a club and perhaps a combined increased ceiling for an academy product who becomes an England international - a double bubble.
The £80k was brought in when the ceiling salaries in the prem were typically £350k or so for the England squad.
I mentioned this earlier in the thread (I think it was this thread). The EPS and academy rebates aren't physical payment rebates though, they are monetary credits which allows a club to spend more within the cap.
The problem for a lot of clubs is they probably don't physically have the money to spend anyway.
The salary cap was brought in to stop clubs spending themselves into oblivion (guarding against sugar daddies simply ploughing personal money into the club until they become bored and pull he plug), and to try and keep a fairly even spread of mainly EQP talen around the clubs.
Maybe PRL need to think of an additional mechansim.. something along the lines of some ratio when looking at the Profit and Loss and Balance Sheets of the club.
Trading losses can't exceed a certain % of turnover etc (I'm sure a more qualified forum member can think of a better way?)
Wray is estimated to either be owed or has personally written off £40m of his own money. I commend his committment but isn't the salary cap sort of in place to stop this type of skewed ownership/trading.