The Chinese Super League (CSL) has announced a new salary cap policy that will take effect on July 1st, 2021. The new policy limits the maximum salary for each player to 4.5 million yuan (approximately $678,000), and sets a limit of 30 characters for the total amount of money a player can earn through bonuses, transfers, and other means.
This is a significant change from previous salary caps, which allowed players to earn up to 5 million yuan per year. The new policy aims to level the playing field for all teams in the league, as well as ensure that players do not become too reliant on bonuses or transfer fees.
The new policy also includes provisions for clubs to be able to sign foreign players who are over the age of 30, provided they meet certain criteria. This should help to attract more experienced international players to the league.
Overall, the new salary cap policy is expected to have a positive impact on the competitiveness of the CSL, as it ensures that all teams have access to quality players regardless of their financial situation. It also helps to create a more balanced league by reducing the gap between top and bottom teams.