Media8 NZ Ltd and Taranaki Airs Apologise for Salary Cap Breach
Media8 NZ Ltd, the owner of the Taranaki Airs basketball franchise in the New Zealand SAL's NBL since late in 2023, has pleaded guilty to breaching the salary cap in 2024 by $300 and the League has withdrawn the other charges.
The Airs have accepted a fine of $10,000, $7500 of which has been suspended. We want to clarify that it has been accepted by the League that this breach was not deliberate but resulted from misunderstandings about the rules, being new to the League, and some management oversights. The Airs have fully cooperated with the League throughout this process.
We sincerely apologise to the other teams and the League for any inconvenience caused. We guarantee that such an issue will not happen again in the future.
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