Lee smith been released by wasps

[King Viking]

Has signed a 4 year contract  

Salary Cap  

One of the benefits of having a good youth system is that if you can get the players to stay for the bulk of their career, then you get a slice of their salary off the cap. Sinfield qualifies for this as of this season. Diskin and JJB also had testimonials last season, and McGuire/Burrow cant be far off qualifying for this either.

"Any player who has played for the same Club for at least 10 consecutive seasons will have half their salary excluded from the Salary Cap for his eleventh and subsequent seasons. This is subject to a maximum of £50,000 for any one club."

[DJP09]

I think DJP is telling you he got it on the board first Shrek.